Londinia Opportunities Analyses - 10/06/2022 (GMT) CHAINLINK (X100) - LINK/BTC - 1H

CHAINLINK (X100) - LINK/BTC
- BTC (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: LINKBTC
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.038496 BTC
My targets
0.039333 BTC (+1.09%)
0.040221 BTC (+3.37%)
My analysis
The bullish trend is currently very strong on CHAINLINK (X100) - LINK/BTC. As long as the price remains above the support at 0.038496 BTC, you could try to benefit from the boom. The first bullish objective is located at 0.039333 BTC. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.040221 BTC as an objective. Crossing it would then enable buyers to target 0.041182 BTC. 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, 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

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

CHAINLINK (X100) - LINK/BTC rating 0.038908 BTC. On the day, this instrument lost -0.37% and was between 0.038528 BTC and 0.039122 BTC. This implies that the price is at +0.99% from its lowest and at -0.55% from its highest.

0.038528
0.039122
0.038908

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of CHAINLINK (X100) - LINK/BTC in 1H shows a strongly overall 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 market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.036757 0.037825 0.038496 0.038908 0.039333 0.040221 0.041182
Change (%) -5.53% -2.78% -1.06% - +1.09% +3.37% +5.84%
Change -0.002151 -0.001083 -0.000412 - +0.000425 +0.001313 +0.002274
Level Intermediate Major Minor - Major Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0361750.0369530.0380040.0387820.0398330.0406110.041662
Camarilla0.0385520.0387200.0388870.0390550.0392230.0393900.039558
Woodie0.0363120.0370210.0381410.0388500.0399700.0406790.041799
Fibonacci0.0369530.0376520.0380830.0387820.0394810.0399120.040611


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0293820.0337210.0359990.0403380.0426160.0469550.049233
Camarilla0.0364570.0370640.0376700.0382770.0388840.0394900.040097
Woodie0.0283520.0332060.0349690.0398230.0415860.0464400.048203
Fibonacci0.0337210.0362490.0378100.0403380.0428660.0444270.046955


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0208420.0267370.0328880.0387830.0449340.0508290.056980
Camarilla0.0357270.0368320.0379360.0390400.0401440.0412480.042353
Woodie0.0209710.0268010.0330170.0388470.0450630.0508930.057109
Fibonacci0.0267370.0313380.0341810.0387830.0433840.0462270.050829

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 56.63
MACD (12,26,9): 0.0001
Directional Movement: 7.449440
AROON (14): -71.428571
DEMA (21): 0.038862
Parabolic SAR (0,02-0,02-0,2): 0.038549
Elder Ray (13): 0.000117
Super Trend (3,10): 0.038086
Zig ZAG (10): 0.038947
VORTEX (21): 1.0234
Stochastique (14,3,5): 52.73
TEMA (21): 0.038809
Williams %R (14): -29.80
Chande Momentum Oscillator (20): 0.000144
Repulse (5,40,3): 0.1624
ROCnROLL: 1
TRIX (15,9): 0.0282
Courbe Coppock: 1.09
MA7: 0.038271
MA20: 0.038920
MA50: 0.036377
MA100: 0.034377
MAexp7: 0.038808
MAexp20: 0.038771
MAexp50: 0.038597
MAexp100: 0.038574
Price / MA7: +1.66%
Price / MA20: -0.03%
Price / MA50: +6.96%
Price / MA100: +13.18%
Price / MAexp7: +0.26%
Price / MAexp20: +0.35%
Price / MAexp50: +0.81%
Price / MAexp100: +0.87%

Quotes : - Real time data - Cryptocompare