SOLANA - SOL/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	SOLUSD
ISIN:

SOLANA - SOL/USD - Daily - Technical analysis published on 11/18/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 50.32 USD

My targets

62.04 USD (+8.69%)

66.98 USD (+17.34%)

My analysis

The bullish trend is currently very strong on SOLANA - SOL/USD. As long as the price remains above the support at 50.32 USD, you could try to benefit from the boom. The first bullish objective is located at 62.04 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 66.98 USD as an objective. Crossing it would then enable buyers to target 78.82 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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

Additional analysis

Quotes

SOLANA - SOL/USD rating 57.08 USD. The price registered a decrease of -2.49% on the session with the lowest point at 56.32 USD and the highest point at 58.60 USD. The deviation from the price is +1.35% for the low point and -2.59% for the high point.

56.32

58.60

57.08

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

Here is a more detailed summary of the historical variations registered by SOLANA - SOL/USD:

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 SOLANA - SOL/USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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	27.38	31.64	55.98	57.08	78.82	136.88	191.01
Change (%)	-52.03%	-44.57%	-1.93%	-	+38.09%	+139.80%	+234.64%
Change	-29.70	-25.44	-1.10	-	+21.74	+79.80	+133.93
Level	Major	Minor	Major	-	Minor	Minor	Minor

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
Standard	48.49	51.30	54.92	57.73	61.35	64.16	67.78
Camarilla	56.77	57.36	57.95	58.54	59.13	59.72	60.31
Woodie	48.90	51.50	55.33	57.93	61.76	64.36	68.19
Fibonacci	51.30	53.76	55.27	57.73	60.19	61.70	64.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.46	29.08	42.72	53.34	66.98	77.60	91.24
Camarilla	49.68	51.90	54.13	56.35	58.57	60.80	63.02
Woodie	19.96	29.84	44.22	54.10	68.48	78.36	92.74
Fibonacci	29.08	38.35	44.08	53.34	62.61	68.34	77.60

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.06	15.00	26.72	32.66	44.38	50.32	62.04
Camarilla	33.58	35.20	36.82	38.44	40.06	41.68	43.30
Woodie	11.95	16.45	29.61	34.11	47.27	51.77	64.93
Fibonacci	15.00	21.75	25.91	32.66	39.41	43.57	50.32

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):	64.78
MACD (12,26,9):	7.4000
Directional Movement:	28.14
AROON (14):	85.71
DEMA (21):	58.89
Parabolic SAR (0,02-0,02-0,2):	52.71
Elder Ray (13):	4.21
Super Trend (3,10):	43.83
Zig ZAG (10):	56.63
VORTEX (21):	1.2000
Stochastique (14,3,5):	64.15
TEMA (21):	61.58
Williams %R (14):	-40.39
Chande Momentum Oscillator (20):	14.55
Repulse (5,40,3):	-4.7100
ROCnROLL:	1
TRIX (15,9):	2.8300
Courbe Coppock:	90.88

MA7:	57.60
MA20:	48.39
MA50:	34.69
MA100:	27.56
MAexp7:	56.69
MAexp20:	49.33
MAexp50:	38.79
MAexp100:	31.80
Price / MA7:	-0.90%
Price / MA20:	+17.96%
Price / MA50:	+64.54%
Price / MA100:	+107.11%
Price / MAexp7:	+0.69%
Price / MAexp20:	+15.71%
Price / MAexp50:	+47.15%
Price / MAexp100:	+79.50%

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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