SOLANA - SOL/USD - 1H - Technical analysis published on 05/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 149.10 USD
My targets
143.23 USD (-1.36%)
139.93 USD (-3.63%)
My analysis
The bearish trend is currently very strong for SOLANA - SOL/USD. As long as the price remains below the resistance at 149.10 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 143.23 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 139.93 USD as an objective. Crossing it would then enable sellers to target 136.88 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 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
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USD rating is 145.20 USD. The price is lower by -0.13% since the last closing with the lowest point at 143.72 USD and the highest point at 147.68 USD. The deviation from the price is +1.03% for the low point and -1.68% for the high point.143.72
147.68
145.20
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SOLANA - SOL/USD 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 136.88 | 139.93 | 143.23 | 145.20 | 145.70 | 149.10 | 152.19 |
| Change (%) | -5.73% | -3.63% | -1.36% | - | +0.34% | +2.69% | +4.81% |
| Change | -8.32 | -5.27 | -1.97 | - | +0.50 | +3.90 | +6.99 |
| Level | Major | Intermediate | 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 | 138.66 | 140.90 | 143.14 | 145.38 | 147.62 | 149.86 | 152.10 |
| Camarilla | 144.16 | 144.57 | 144.98 | 145.39 | 145.80 | 146.21 | 146.62 |
| Woodie | 138.67 | 140.90 | 143.15 | 145.38 | 147.63 | 149.86 | 152.11 |
| Fibonacci | 140.90 | 142.61 | 143.67 | 145.38 | 147.09 | 148.15 | 149.86 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.78 | 128.86 | 137.12 | 148.20 | 156.46 | 167.54 | 175.80 |
| Camarilla | 140.07 | 141.84 | 143.62 | 145.39 | 147.16 | 148.94 | 150.71 |
| Woodie | 116.38 | 128.16 | 135.72 | 147.50 | 155.06 | 166.84 | 174.40 |
| Fibonacci | 128.86 | 136.25 | 140.81 | 148.20 | 155.59 | 160.15 | 167.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.87 | 67.54 | 97.10 | 150.77 | 180.33 | 234.00 | 263.56 |
| Camarilla | 103.78 | 111.41 | 119.04 | 126.67 | 134.30 | 141.93 | 149.56 |
| Woodie | 1.83 | 61.51 | 85.06 | 144.74 | 168.29 | 227.97 | 251.52 |
| Fibonacci | 67.54 | 99.33 | 118.97 | 150.77 | 182.56 | 202.20 | 234.00 |
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): | 46.07 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | 0.47 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 144.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 147.02 | |
| Elder Ray (13): | -0.38 | |
| Super Trend (3,10): | 147.95 | |
| Zig ZAG (10): | 144.53 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 28.62 | |
| TEMA (21): | 144.86 | |
| Williams %R (14): | -81.31 | |
| Chande Momentum Oscillator (20): | -2.95 | |
| Repulse (5,40,3): | -0.6500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.68 |
| MA7: | 147.40 | |
| MA20: | 143.48 | |
| MA50: | 159.30 | |
| MA100: | 145.13 | |
| MAexp7: | 144.96 | |
| MAexp20: | 145.33 | |
| MAexp50: | 146.00 | |
| MAexp100: | 146.63 | |
| Price / MA7: | -1.49% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | -8.85% | |
| Price / MA100: | +0.05% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.98% |
Quotes :
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Real time data
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