SOLANA - SOL/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SOLUSD
ISIN:

SOLANA - SOL/USD - Daily - Technical analysis published on 12/22/2023 (GMT)

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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

89%

11%

My opinion

Bullish above 85.53 USD

My targets

102.90 USD (+4.98%)

136.88 USD (+39.64%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOLANA - SOL/USD as long as the price remains well above 85.53 USD. The buyers' bullish objective is set at 102.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 136.88 USD. If there is any crossing, the next objective would be the resistance located at 191.01 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.9

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

The SOLANA - SOL/USD price is 98.02 USD. The price registered an increase of +4.40% on the session and was traded between 93.12 USD and 99.48 USD over the period. The price is currently at +5.26% from its lowest and -1.47% from its highest.

93.12

99.48

98.02

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

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. 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned 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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61.10	68.52	78.82	98.02	136.88	191.01	258.64
Change (%)	-37.67%	-30.10%	-19.59%	-	+39.64%	+94.87%	+163.86%
Change	-36.92	-29.50	-19.20	-	+38.86	+92.99	+160.62
Level	Minor	Major	Minor	-	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	70.32	75.70	84.79	90.17	99.26	104.64	113.73
Camarilla	89.91	91.24	92.56	93.89	95.22	96.54	97.87
Woodie	72.19	76.63	86.66	91.10	101.13	105.57	115.60
Fibonacci	75.70	81.22	84.64	90.17	95.69	99.11	104.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.33	56.52	65.09	72.28	80.85	88.04	96.61
Camarilla	69.32	70.76	72.21	73.65	75.10	76.54	77.98
Woodie	50.01	56.87	65.77	72.63	81.53	88.39	97.29
Fibonacci	56.52	62.54	66.26	72.28	78.30	82.02	88.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.37	24.51	41.88	55.02	72.39	85.53	102.90
Camarilla	50.86	53.66	56.45	59.25	62.05	64.84	67.64
Woodie	13.49	25.57	44.00	56.08	74.51	86.59	105.02
Fibonacci	24.51	36.17	43.37	55.02	66.68	73.88	85.53

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):	76.99
MACD (12,26,9):	7.7100
Directional Movement:	26.07
AROON (14):	64.29
DEMA (21):	84.08
Parabolic SAR (0,02-0,02-0,2):	67.76
Elder Ray (13):	17.61
Super Trend (3,10):	74.24
Zig ZAG (10):	97.71
VORTEX (21):	1.2400
Stochastique (14,3,5):	93.83
TEMA (21):	86.70
Williams %R (14):	-4.42
Chande Momentum Oscillator (20):	23.09
Repulse (5,40,3):	21.7300
ROCnROLL:	1
TRIX (15,9):	1.3100
Courbe Coppock:	45.09

MA7:	80.85
MA20:	73.03
MA50:	61.75
MA100:	43.20
MAexp7:	84.26
MAexp20:	74.59
MAexp50:	62.38
MAexp100:	50.00
Price / MA7:	+21.24%
Price / MA20:	+34.22%
Price / MA50:	+58.74%
Price / MA100:	+126.90%
Price / MAexp7:	+16.33%
Price / MAexp20:	+31.41%
Price / MAexp50:	+57.13%
Price / MAexp100:	+96.04%

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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