SOLANA - SOL/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	SOLUSD
ISIN:

SOLANA - SOL/USD - Daily - Technical analysis published on 10/22/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

One daily analysis for free from

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

My opinion

Bullish above 27.38 USD

My targets

32.56 USD (+10.75%)

41.24 USD (+40.27%)

My analysis

SOLANA - SOL/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 27.38 USD. The next resistance located at 32.56 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 41.24 USD. After this resistance, buyers could then target 136.88 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

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 lapteve. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SOLANA - SOL/USD price is 29.40 USD. The price has increased by +0.20% since the last closing with the lowest point at 29.22 USD and the highest point at 29.42 USD. The deviation from the price is +0.62% for the low point and -0.07% for the high point.

29.22

29.42

29.40

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:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of SOLANA - SOL/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.87	25.33	27.38	29.40	136.88	191.01	258.64
Change (%)	-18.81%	-13.84%	-6.87%	-	+365.58%	+549.69%	+779.73%
Change	-5.53	-4.07	-2.02	-	+107.48	+161.61	+229.24
Level	Intermediate	Minor	Major	-	Minor	Minor	Major

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	23.58	25.13	27.23	28.78	30.88	32.43	34.53
Camarilla	28.34	28.67	29.01	29.34	29.68	30.01	30.34
Woodie	23.87	25.27	27.52	28.92	31.17	32.57	34.82
Fibonacci	25.13	26.52	27.38	28.78	30.17	31.03	32.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.20	18.42	23.88	27.10	32.56	35.78	41.24
Camarilla	26.95	27.75	28.54	29.34	30.14	30.93	31.73
Woodie	16.32	18.98	25.00	27.66	33.68	36.34	42.36
Fibonacci	18.42	21.74	23.78	27.10	30.42	32.46	35.78

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.16	15.78	18.57	20.19	22.98	24.60	27.39
Camarilla	20.16	20.56	20.97	21.37	21.77	22.18	22.58
Woodie	14.76	16.07	19.17	20.48	23.58	24.89	27.99
Fibonacci	15.78	17.46	18.50	20.19	21.87	22.91	24.60

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):	79.70
MACD (12,26,9):	1.7000
Directional Movement:	35.18
AROON (14):	64.29
DEMA (21):	26.08
Parabolic SAR (0,02-0,02-0,2):	22.41
Elder Ray (13):	4.22
Super Trend (3,10):	24.80
Zig ZAG (10):	29.27
VORTEX (21):	1.2800
Stochastique (14,3,5):	90.45
TEMA (21):	27.23
Williams %R (14):	-11.19
Chande Momentum Oscillator (20):	7.16
Repulse (5,40,3):	11.8600
ROCnROLL:	1
TRIX (15,9):	0.6900
Courbe Coppock:	28.25

MA7:	25.98
MA20:	23.73
MA50:	21.30
MA100:	22.28
MAexp7:	26.52
MAexp20:	24.13
MAexp50:	22.49
MAexp100:	21.85
Price / MA7:	+13.16%
Price / MA20:	+23.89%
Price / MA50:	+38.03%
Price / MA100:	+31.96%
Price / MAexp7:	+10.86%
Price / MAexp20:	+21.84%
Price / MAexp50:	+30.72%
Price / MAexp100:	+34.55%

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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