Londinia Opportunities Analyses - 04/26/2024 (GMT) SOLANA - SOL/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | SOLUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 142.03 USDT
My targets
136.81 USDT (-2.14%)
128.57 USDT (-8.03%)
My analysis
SOLANA - SOL/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 142.03 USDT. The next support located at 136.81 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 128.57 USDT. Below this support, sellers could then target 119.93 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem 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
8
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Additional analysis
Quotes
The SOLANA - SOL/USDT rating is 139.80 USDT. The price registered a decrease of -3.49% on the session and was between 138.81 USDT and 146.18 USDT. This implies that the price is at +0.71% from its lowest and at -4.36% from its highest.138.81
146.18
139.80
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SOLANA - SOL/USDT 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.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 119.93 | 128.57 | 136.81 | 139.80 | 142.03 | 146.76 | 153.32 |
| Change (%) | -14.21% | -8.03% | -2.14% | - | +1.60% | +4.98% | +9.67% |
| Change | -19.87 | -11.23 | -2.99 | - | +2.23 | +6.96 | +13.52 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.96 | 138.02 | 141.44 | 145.50 | 148.92 | 152.98 | 156.40 |
| Camarilla | 142.79 | 143.48 | 144.16 | 144.85 | 145.54 | 146.22 | 146.91 |
| Woodie | 133.63 | 137.86 | 141.11 | 145.34 | 148.59 | 152.82 | 156.07 |
| Fibonacci | 138.02 | 140.88 | 142.65 | 145.50 | 148.36 | 150.13 | 152.98 |
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 | 83.34 | 110.19 | 156.33 | 183.18 | 229.32 | 256.17 | 302.31 |
| Camarilla | 182.40 | 189.09 | 195.78 | 202.47 | 209.16 | 215.85 | 222.54 |
| Woodie | 92.99 | 115.01 | 165.98 | 188.00 | 238.97 | 260.99 | 311.96 |
| Fibonacci | 110.19 | 138.07 | 155.30 | 183.18 | 211.06 | 228.29 | 256.17 |
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): | 34.05 | |
| MACD (12,26,9): | -1.2200 | |
| Directional Movement: | -19.74 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 141.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 146.03 | |
| Elder Ray (13): | -2.86 | |
| Super Trend (3,10): | 144.76 | |
| Zig ZAG (10): | 139.66 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 15.86 | |
| TEMA (21): | 141.19 | |
| Williams %R (14): | -90.29 | |
| Chande Momentum Oscillator (20): | -3.66 | |
| Repulse (5,40,3): | -2.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.72 |
| MA7: | 149.09 | |
| MA20: | 152.82 | |
| MA50: | 168.13 | |
| MA100: | 137.24 | |
| MAexp7: | 141.36 | |
| MAexp20: | 142.83 | |
| MAexp50: | 145.25 | |
| MAexp100: | 147.22 | |
| Price / MA7: | -6.23% | |
| Price / MA20: | -8.52% | |
| Price / MA50: | -16.85% | |
| Price / MA100: | +1.87% | |
| Price / MAexp7: | -1.10% | |
| Price / MAexp20: | -2.12% | |
| Price / MAexp50: | -3.75% | |
| Price / MAexp100: | -5.04% |
Quotes :
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Real time data
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