SOLANA - SOL/USD - 15 min. - Technical analysis published on 04/06/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 175.88 USD
My targets
166.63 USD (-4.06%)
158.79 USD (-8.57%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOLANA - SOL/USD as long as the price remains well below 175.88 USD. The sellers' bearish objective is set at 166.63 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 158.79 USD. In case of crossing, the next objective would be the support located at 149.54 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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This analysis was given by Really. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USD rating is 173.68 USD. The price registered a decrease of -0.45% on the session and was traded between 173.67 USD and 176.59 USD over the period. The price is currently at +0.01% from its lowest and -1.65% from its highest.173.67
176.59
173.68
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 this 15 min. chart of SOLANA - SOL/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 120.96 | 168.04 | 172.67 | 173.68 | 177.58 | 183.37 | 191.01 |
| Change (%) | -30.35% | -3.25% | -0.58% | - | +2.25% | +5.58% | +9.98% |
| Change | -52.72 | -5.64 | -1.01 | - | +3.90 | +9.69 | +17.33 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 149.54 | 158.79 | 166.63 | 175.88 | 183.72 | 192.97 | 200.81 |
| Camarilla | 169.77 | 171.34 | 172.90 | 174.47 | 176.04 | 177.60 | 179.17 |
| Woodie | 148.84 | 158.44 | 165.93 | 175.53 | 183.02 | 192.62 | 200.11 |
| Fibonacci | 158.79 | 165.32 | 169.35 | 175.88 | 182.41 | 186.44 | 192.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.46 | 159.95 | 177.12 | 188.61 | 205.78 | 217.27 | 234.44 |
| Camarilla | 186.41 | 189.04 | 191.66 | 194.29 | 196.92 | 199.54 | 202.17 |
| Woodie | 151.30 | 161.37 | 179.96 | 190.03 | 208.62 | 218.69 | 237.28 |
| Fibonacci | 159.95 | 170.90 | 177.66 | 188.61 | 199.56 | 206.32 | 217.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.36 | 70.95 | 136.76 | 173.35 | 239.16 | 275.75 | 341.56 |
| Camarilla | 174.41 | 183.80 | 193.18 | 202.57 | 211.96 | 221.34 | 230.73 |
| Woodie | 48.97 | 78.26 | 151.37 | 180.66 | 253.77 | 283.06 | 356.17 |
| Fibonacci | 70.95 | 110.07 | 134.23 | 173.35 | 212.47 | 236.63 | 275.75 |
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): | 48.11 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -3.71 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 175.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 174.07 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 173.36 | |
| Zig ZAG (10): | 175.03 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 46.01 | |
| TEMA (21): | 175.27 | |
| Williams %R (14): | -50.70 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | -0.2900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.09 |
| MA7: | 184.99 | |
| MA20: | 185.28 | |
| MA50: | 153.80 | |
| MA100: | 126.53 | |
| MAexp7: | 175.15 | |
| MAexp20: | 175.24 | |
| MAexp50: | 175.23 | |
| MAexp100: | 176.41 | |
| Price / MA7: | -6.11% | |
| Price / MA20: | -6.26% | |
| Price / MA50: | +12.93% | |
| Price / MA100: | +37.26% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | -0.89% | |
| Price / MAexp50: | -0.88% | |
| Price / MAexp100: | -1.55% |
Quotes :
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Real time data
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