SOLANA - SOL/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SOLUSDT
ISIN:

SOLANA - SOL/USDT - 1H - Technical analysis published on 05/01/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 129.84 USDT

My targets

136.90 USDT (+2.42%)

144.74 USDT (+8.28%)

My analysis

The current short-term bullish acceleration on SOLANA - SOL/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 129.84 USDT. Short-term buyers will use the resistance located at 136.90 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 144.74 USDT. Crossing this resistance would then open the door for buyers to target 156.95 USDT. Caution, if there is a return to under 129.84 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 133.67 USDT. The price registered an increase of +5.45% on the session and was traded between 118.98 USDT and 135.94 USDT over the period. The price is currently at +12.35% from its lowest and -1.67% from its highest.

118.98

135.94

133.67

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

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SOLANA - SOL/USDT in 1H shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Ichimoku : price is over the cloud

Type : Bullish

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:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	101.90	121.25	133.48	133.67	136.90	144.74	156.95
Change (%)	-23.77%	-9.29%	-0.14%	-	+2.42%	+8.28%	+17.42%
Change	-31.77	-12.42	-0.19	-	+3.23	+11.07	+23.28
Level	Intermediate	Intermediate	Major	-	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
Standard	100.26	110.75	118.76	129.25	137.26	147.75	155.76
Camarilla	121.67	123.37	125.06	126.76	128.46	130.15	131.85
Woodie	99.01	110.13	117.51	128.63	136.01	147.13	154.51
Fibonacci	110.75	117.82	122.19	129.25	136.32	140.69	147.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	103.29	118.37	129.84	144.92	156.39	171.47	182.94
Camarilla	134.01	136.44	138.88	141.31	143.74	146.18	148.61
Woodie	101.49	117.47	128.04	144.02	154.59	170.57	181.14
Fibonacci	118.37	128.51	134.78	144.92	155.06	161.33	171.47

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.19	67.72	97.24	150.77	180.29	233.82	263.34
Camarilla	103.92	111.53	119.15	126.76	134.37	141.99	149.60
Woodie	2.19	61.72	85.24	144.77	168.29	227.82	251.34
Fibonacci	67.72	99.45	119.05	150.77	182.50	202.10	233.82

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):	65.07
MACD (12,26,9):	0.9900
Directional Movement:	19.18
AROON (14):	78.57
DEMA (21):	127.60
Parabolic SAR (0,02-0,02-0,2):	121.20
Elder Ray (13):	4.75
Super Trend (3,10):	122.36
Zig ZAG (10):	134.05
VORTEX (21):	1.0600
Stochastique (14,3,5):	75.85
TEMA (21):	130.20
Williams %R (14):	-11.53
Chande Momentum Oscillator (20):	13.15
Repulse (5,40,3):	3.4900
ROCnROLL:	1
TRIX (15,9):	-0.0700
Courbe Coppock:	9.81

MA7:	137.31
MA20:	142.80
MA50:	167.02
MA100:	139.45
MAexp7:	129.66
MAexp20:	127.12
MAexp50:	128.67
MAexp100:	132.57
Price / MA7:	-2.65%
Price / MA20:	-6.39%
Price / MA50:	-19.97%
Price / MA100:	-4.14%
Price / MAexp7:	+3.09%
Price / MAexp20:	+5.15%
Price / MAexp50:	+3.89%
Price / MAexp100:	+0.83%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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