Londinia Opportunities Analyses - 01/24/2022 (GMT) CHAINLINK - LINK/ETH - 1H

CHAINLINK - LINK/ETH
- ETH (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: LINKETH
ISIN:

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 0.006601 ETH
My targets
0.005881 ETH (-5.83%)
0.005701 ETH (-8.71%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHAINLINK - LINK/ETH as long as the price remains well below 0.006601 ETH. The sellers' bearish objective is set at 0.005881 ETH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.005701 ETH. In case of crossing, the next objective would be the support located at 0.005315 ETH. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The CHAINLINK - LINK/ETH price is 0.006245 ETH. On the day, this instrument lost -4.64% with the lowest point at 0.006231 ETH and the highest point at 0.006572 ETH. The deviation from the price is +0.22% for the low point and -4.98% for the high point.

0.006231
0.006572
0.006245

Here is a more detailed summary of the historical variations registered by CHAINLINK - LINK/ETH:

Technical


Technical analysis of CHAINLINK - LINK/ETH in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Piercing line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.004560 0.005315 0.005701 0.006245 0.006601 0.006948 0.007136
Change (%) -26.98% -14.89% -8.71% - +5.70% +11.26% +14.27%
Change -0.001685 -0.000930 -0.000544 - +0.000356 +0.000703 +0.000891
Level Major Minor Minor - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0060670.0062110.0063800.0065240.0066930.0068370.007006
Camarilla0.0064630.0064920.0065200.0065490.0065780.0066060.006635
Woodie0.0060800.0062170.0063930.0065300.0067060.0068430.007019
Fibonacci0.0062110.0063310.0064040.0065240.0066440.0067170.006837


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0041780.0051840.0058810.0068870.0075840.0085900.009287
Camarilla0.0061100.0062660.0064220.0065780.0067340.0068900.007046
Woodie0.0040240.0051070.0057270.0068100.0074300.0085130.009133
Fibonacci0.0051840.0058350.0062370.0068870.0075380.0079400.008590


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0028770.0036290.0044720.0052240.0060670.0068190.007662
Camarilla0.0048760.0050230.0051690.0053150.0054610.0056070.005754
Woodie0.0029230.0036520.0045180.0052470.0061130.0068420.007708
Fibonacci0.0036290.0042380.0046150.0052240.0058330.0062100.006819

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): 36.80
MACD (12,26,9): -0.0001
Directional Movement: -8.910582
AROON (14): -85.714286
DEMA (21): 0.006328
Parabolic SAR (0,02-0,02-0,2): 0.006465
Elder Ray (13): -0.000104
Super Trend (3,10): 0.006469
Zig ZAG (10): 0.006274
VORTEX (21): 0.8720
Stochastique (14,3,5): 7.68
TEMA (21): 0.006302
Williams %R (14): -86.51
Chande Momentum Oscillator (20): -0.000259
Repulse (5,40,3): -0.7234
ROCnROLL: 2
TRIX (15,9): -0.0748
Courbe Coppock: 4.36
MA7: 0.006741
MA20: 0.007507
MA50: 0.006102
MA100: 0.006392
MAexp7: 0.006321
MAexp20: 0.006394
MAexp50: 0.006481
MAexp100: 0.006631
Price / MA7: -7.36%
Price / MA20: -16.81%
Price / MA50: +2.34%
Price / MA100: -2.30%
Price / MAexp7: -1.19%
Price / MAexp20: -2.31%
Price / MAexp50: -3.63%
Price / MAexp100: -5.81%

Quotes : - Real time data - Cryptocompare