CHAINLINK - LINK/USD - 1H - Technical analysis published on 01/04/2025 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 23.23 USD
My targets
24.93 USD (+4.57%)
25.40 USD (+6.54%)
My analysis
The bullish trend is currently very strong on CHAINLINK - LINK/USD. As long as the price remains above the support at 23.23 USD, you could try to benefit from the boom. The first bullish objective is located at 24.93 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 25.40 USD as an objective. Crossing it would then enable buyers to target 29.22 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHAINLINK - LINK/USD rating is 23.84 USD. The price has increased by +1.62% since the last closing and was traded between 22.87 USD and 23.91 USD over the period. The price is currently at +4.24% from its lowest and -0.29% from its highest.22.87
23.91
23.84
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CHAINLINK - LINK/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CHAINLINK - LINK/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.73 | 22.36 | 23.23 | 23.84 | 23.89 | 25.40 | 29.22 |
| Change (%) | -8.85% | -6.21% | -2.56% | - | +0.21% | +6.54% | +22.57% |
| Change | -2.11 | -1.48 | -0.61 | - | +0.05 | +1.56 | +5.38 |
| Level | Major | Major | Minor | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.84 | 20.73 | 22.10 | 22.99 | 24.36 | 25.25 | 26.62 |
| Camarilla | 22.84 | 23.05 | 23.25 | 23.46 | 23.67 | 23.87 | 24.08 |
| Woodie | 20.07 | 20.85 | 22.33 | 23.11 | 24.59 | 25.37 | 26.85 |
| Fibonacci | 20.73 | 21.60 | 22.13 | 22.99 | 23.86 | 24.39 | 25.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.07 | 18.05 | 20.00 | 22.98 | 24.93 | 27.91 | 29.86 |
| Camarilla | 20.59 | 21.05 | 21.50 | 21.95 | 22.40 | 22.85 | 23.31 |
| Woodie | 14.56 | 17.79 | 19.49 | 22.72 | 24.42 | 27.65 | 29.35 |
| Fibonacci | 18.05 | 19.93 | 21.10 | 22.98 | 24.86 | 26.03 | 27.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.82 | 10.64 | 15.30 | 23.12 | 27.78 | 35.60 | 40.26 |
| Camarilla | 16.54 | 17.68 | 18.83 | 19.97 | 21.11 | 22.26 | 23.40 |
| Woodie | 1.25 | 9.85 | 13.73 | 22.33 | 26.21 | 34.81 | 38.69 |
| Fibonacci | 10.64 | 15.40 | 18.35 | 23.12 | 27.88 | 30.83 | 35.60 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.33 | |
| MACD (12,26,9): | 0.1800 | |
| Directional Movement: | 10.49 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 23.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.33 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 23.04 | |
| Zig ZAG (10): | 23.84 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 83.65 | |
| TEMA (21): | 23.64 | |
| Williams %R (14): | -5.77 | |
| Chande Momentum Oscillator (20): | 0.87 | |
| Repulse (5,40,3): | 1.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.55 |
| MA7: | 21.78 | |
| MA20: | 23.23 | |
| MA50: | 21.80 | |
| MA100: | 16.78 | |
| MAexp7: | 23.61 | |
| MAexp20: | 23.40 | |
| MAexp50: | 22.97 | |
| MAexp100: | 22.46 | |
| Price / MA7: | +9.46% | |
| Price / MA20: | +2.63% | |
| Price / MA50: | +9.36% | |
| Price / MA100: | +42.07% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | +1.88% | |
| Price / MAexp50: | +3.79% | |
| Price / MAexp100: | +6.14% |
Quotes :
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Real time data
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