SOLANA - SOL/USDT - 1H - Technical analysis published on 04/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 153.25 USDT
My targets
146.76 USDT (-1.88%)
142.71 USDT (-4.59%)
My analysis
In the short term, we can see an acceleration in the bearish trend on SOLANA - SOL/USDT, which is a positive signal for sellers. As long as the price remains above 153.25 USDT, a sale could be considered. The first bearish objective is located at 146.76 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 142.71 USDT as an objective. Crossing it would then enable sellers to target 126.69 USDT. If the price were to return above 153.25 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
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
6.1
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This analysis was given by boobski. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USDT price is 149.57 USDT. On the day, this instrument lost -3.35% and was between 147.49 USDT and 159.76 USDT. This implies that the price is at +1.41% from its lowest and at -6.38% from its highest.147.49
159.76
149.57
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.
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 this 1H chart of SOLANA - SOL/USDT indicates that the overall trend is bearish. 78.57% 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 scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 126.69 | 142.71 | 146.76 | 149.57 | 153.25 | 156.55 | 160.00 |
| Change (%) | -15.30% | -4.59% | -1.88% | - | +2.46% | +4.67% | +6.97% |
| Change | -22.88 | -6.86 | -2.81 | - | +3.68 | +6.98 | +10.43 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.92 | 148.99 | 151.87 | 155.94 | 158.82 | 162.89 | 165.77 |
| Camarilla | 152.85 | 153.49 | 154.12 | 154.76 | 155.40 | 156.03 | 156.67 |
| Woodie | 144.34 | 148.69 | 151.29 | 155.64 | 158.24 | 162.59 | 165.19 |
| Fibonacci | 148.99 | 151.64 | 153.28 | 155.94 | 158.59 | 160.23 | 162.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.99 | 115.29 | 133.27 | 144.57 | 162.55 | 173.85 | 191.83 |
| Camarilla | 143.21 | 145.89 | 148.58 | 151.26 | 153.94 | 156.63 | 159.31 |
| Woodie | 107.34 | 116.96 | 136.62 | 146.24 | 165.90 | 175.52 | 195.18 |
| Fibonacci | 115.29 | 126.47 | 133.38 | 144.57 | 155.75 | 162.66 | 173.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.12 | 87.62 | 145.04 | 177.54 | 234.96 | 267.46 | 324.88 |
| Camarilla | 177.74 | 185.99 | 194.23 | 202.47 | 210.71 | 218.96 | 227.20 |
| Woodie | 67.59 | 93.85 | 157.51 | 183.77 | 247.43 | 273.69 | 337.35 |
| Fibonacci | 87.62 | 121.97 | 143.19 | 177.54 | 211.89 | 233.11 | 267.46 |
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): | 35.29 | |
| MACD (12,26,9): | -1.8500 | |
| Directional Movement: | -16.49 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 151.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 155.60 | |
| Elder Ray (13): | -3.35 | |
| Super Trend (3,10): | 156.52 | |
| Zig ZAG (10): | 149.55 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 16.22 | |
| TEMA (21): | 149.74 | |
| Williams %R (14): | -83.28 | |
| Chande Momentum Oscillator (20): | -7.69 | |
| Repulse (5,40,3): | -0.8800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 8.71 |
| MA7: | 149.40 | |
| MA20: | 156.35 | |
| MA50: | 167.98 | |
| MA100: | 136.41 | |
| MAexp7: | 150.83 | |
| MAexp20: | 153.66 | |
| MAexp50: | 154.47 | |
| MAexp100: | 152.64 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -4.34% | |
| Price / MA50: | -10.96% | |
| Price / MA100: | +9.65% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | -2.66% | |
| Price / MAexp50: | -3.17% | |
| Price / MAexp100: | -2.01% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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