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SOLANA - SOL/USD
SOLANA - SOL/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: SOLUSD
ISIN:

SOLANA - SOL/USD - 1H - Technical analysis published on 11/12/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 55.98 USD
My targets
66.98 USD (+11.91%)
77.60 USD (+29.66%)
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 55.98 USD. The next resistance located at 66.98 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 77.60 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
0
10
8

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.

SprangsOpportunities
This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SOLANA - SOL/USD price is 59.85 USD. On the day, this instrument gained +6.21% and was traded between 54.52 USD and 61.99 USD over the period. The price is currently at +9.78% from its lowest and -3.45% from its highest.

54.52
61.99
59.85

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning


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 several elements:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on SOLANA - SOL/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of SOLANA - SOL/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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:

Central Indicators

RSI indicator is overbought : over 70

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 these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 48.96 51.90 55.98 59.85 136.88 191.01 258.64
Change (%) -18.20% -13.28% -6.47% - +128.71% +219.15% +332.15%
Change -10.89 -7.95 -3.87 - +77.03 +131.16 +198.79
Level Intermediate Minor Minor - Minor Minor Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard41.6447.6351.9957.9862.3468.3372.69
Camarilla53.5054.4555.4056.3557.3058.2559.20
Woodie40.8347.2251.1857.5761.5367.9271.88
Fibonacci47.6351.5854.0357.9861.9364.3868.33


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.4629.0842.7253.3466.9877.6091.24
Camarilla49.6851.9054.1356.3558.5760.8063.02
Woodie19.9629.8444.2254.1068.4878.3692.74
Fibonacci29.0838.3544.0853.3462.6168.3477.60


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.0615.0026.7232.6644.3850.3262.04
Camarilla33.5835.2036.8238.4440.0641.6843.30
Woodie11.9516.4529.6134.1147.2751.7764.93
Fibonacci15.0021.7525.9132.6639.4143.5750.32

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): 64.86
MACD (12,26,9): 1.1200
Directional Movement: 13.78
AROON (14): 50.00
DEMA (21): 59.52
Parabolic SAR (0,02-0,02-0,2): 54.67
Elder Ray (13): 2.51
Super Trend (3,10): 61.66
Zig ZAG (10): 60.71
VORTEX (21): 1.1200
Stochastique (14,3,5): 85.91
TEMA (21): 59.25
Williams %R (14): -14.99
Chande Momentum Oscillator (20): 2.71
Repulse (5,40,3): 3.2200
ROCnROLL: 1
TRIX (15,9): 0.2200
Courbe Coppock: 1.56
MA7: 49.57
MA20: 40.86
MA50: 30.19
MA100: 25.56
MAexp7: 59.19
MAexp20: 58.11
MAexp50: 55.46
MAexp100: 51.82
Price / MA7: +20.74%
Price / MA20: +46.48%
Price / MA50: +98.24%
Price / MA100: +134.15%
Price / MAexp7: +1.12%
Price / MAexp20: +2.99%
Price / MAexp50: +7.92%
Price / MAexp100: +15.50%

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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Londinia
Londinia AI

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