CHAINLINK - LINK/USD - 1H - Technical analysis published on 01/17/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 23.85 USD
My targets
25.37 USD (+1.36%)
26.99 USD (+7.82%)
My analysis
CHAINLINK - LINK/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 23.85 USD. The next resistance located at 25.37 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 26.99 USD. After this resistance, buyers could then target 29.22 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
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 price is 25.03 USD. The price has increased by +8.83% since the last closing and was traded between 23.00 USD and 25.23 USD over the period. The price is currently at +8.83% from its lowest and -0.79% from its highest.23.00
25.23
25.03
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
Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 20.69 | 21.73 | 23.85 | 25.03 | 25.37 | 29.22 |
| Change (%) | -17.34% | -13.18% | -4.71% | - | +1.36% | +16.74% |
| Change | -4.34 | -3.30 | -1.18 | - | +0.34 | +4.19 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.14 | 20.22 | 21.61 | 22.69 | 24.08 | 25.16 | 26.55 |
| Camarilla | 22.32 | 22.55 | 22.77 | 23.00 | 23.23 | 23.45 | 23.68 |
| Woodie | 19.30 | 20.30 | 21.77 | 22.77 | 24.24 | 25.24 | 26.71 |
| Fibonacci | 20.22 | 21.16 | 21.75 | 22.69 | 23.63 | 24.22 | 25.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.35 | 15.75 | 17.97 | 21.37 | 23.59 | 26.99 | 29.21 |
| Camarilla | 18.66 | 19.17 | 19.69 | 20.20 | 20.72 | 21.23 | 21.75 |
| Woodie | 11.77 | 15.46 | 17.39 | 21.08 | 23.01 | 26.70 | 28.63 |
| Fibonacci | 15.75 | 17.89 | 19.22 | 21.37 | 23.51 | 24.84 | 26.99 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.11 | |
| MACD (12,26,9): | 0.4400 | |
| Directional Movement: | 18.10 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 24.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.48 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 23.79 | |
| Zig ZAG (10): | 25.13 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 86.88 | |
| TEMA (21): | 24.89 | |
| Williams %R (14): | -5.22 | |
| Chande Momentum Oscillator (20): | 0.86 | |
| Repulse (5,40,3): | 2.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 5.76 |
| MA7: | 21.42 | |
| MA20: | 21.55 | |
| MA50: | 23.16 | |
| MA100: | 18.08 | |
| MAexp7: | 24.72 | |
| MAexp20: | 24.23 | |
| MAexp50: | 23.32 | |
| MAexp100: | 22.30 | |
| Price / MA7: | +16.85% | |
| Price / MA20: | +16.15% | |
| Price / MA50: | +8.07% | |
| Price / MA100: | +38.44% | |
| Price / MAexp7: | +1.25% | |
| Price / MAexp20: | +3.30% | |
| Price / MAexp50: | +7.33% | |
| Price / MAexp100: | +12.24% |
Quotes :
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Real time data
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