SOLAR - SXP/USD
SOLAR - SXP/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
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Type: Cryptocurrencies
Ticker: SXPUSD
ISIN:

SOLAR - SXP/USD - 1H - Technical analysis published on 05/12/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 0.440000 USD
My targets
0.400000 USD (-4.76%)
0.353333 USD (-15.87%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SXP - SXP/USD. As long as you are under the resistance located at 0.440000 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.400000 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.353333 USD as an objective. Crossing it would then enable sellers to target 0.348182 USD. If the resistance 0.440000 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

SXP - SXP/USD rating 0.420000 USD. The price has increased by +2.44% since the last closing with the lowest point at 0.400000 USD and the highest point at 0.430000 USD. The deviation from the price is +5.00% for the low point and -2.33% for the high point.

0.400000
0.430000
0.420000

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this SXP - SXP/USD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, only 8 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal support

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


S3S2S1PriceR1R2R3
ProTrendLines 0.219286 0.348182 0.400000 0.420000 0.440000 0.480000 0.510000
Change (%) -47.79% -17.10% -4.76% - +4.76% +14.29% +21.43%
Change -0.200714 -0.071818 -0.020000 - +0.020000 +0.060000 +0.090000
Level Major Minor Intermediate - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3533330.3766670.3933330.4166670.4333330.4566670.473333
Camarilla0.3990000.4026670.4063330.4100000.4136670.4173330.421000
Woodie0.3500000.3750000.3900000.4150000.4300000.4550000.470000
Fibonacci0.3766670.3919470.4013870.4166670.4319470.4413870.456667


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3533330.4266670.4633330.5366670.5733330.6466670.683333
Camarilla0.4697500.4798330.4899170.5000000.5100830.5201670.530250
Woodie0.3350000.4175000.4450000.5275000.5550000.6375000.665000
Fibonacci0.4266670.4686870.4946470.5366670.5786870.6046470.646667


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0133330.2533330.4066670.6733330.8266671.0933331.246667
Camarilla0.4445000.4830000.5215000.5600000.5985000.6370000.675500
Woodie-0.0700000.2250000.3500000.6450000.7700001.0650001.190000
Fibonacci0.2533330.4137730.5128930.6733330.8337730.9328931.093333

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): 46.33
MACD (12,26,9): -0.0017
Directional Movement: 11.721483
AROON (14): 50.000000
DEMA (21): 0.412752
Parabolic SAR (0,02-0,02-0,2): 0.400000
Elder Ray (13): 0.000305
Super Trend (3,10): 0.377020
Zig ZAG (10): 0.420000
VORTEX (21): 0.9655
Stochastique (14,3,5): 77.78
TEMA (21): 0.417730
Williams %R (14): -66.67
Chande Momentum Oscillator (20): 0.000000
Repulse (5,40,3): 0.2511
ROCnROLL: -1
TRIX (15,9): -0.1225
Courbe Coppock: 0.18
MA7: 0.450000
MA20: 0.526500
MA50: 0.563600
MA100: 0.433300
MAexp7: 0.414004
MAexp20: 0.416032
MAexp50: 0.423782
MAexp100: 0.440754
Price / MA7: -6.67%
Price / MA20: -20.23%
Price / MA50: -25.48%
Price / MA100: -3.07%
Price / MAexp7: +1.45%
Price / MAexp20: +0.95%
Price / MAexp50: -0.89%
Price / MAexp100: -4.71%

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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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