SOLANA - SOL/USD - 1H - Technical analysis published on 08/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 148.91 USD
My targets
142.27 USD (-2.95%)
138.89 USD (-5.25%)
My analysis
SOLANA - SOL/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 148.91 USD. The next support located at 142.27 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 138.89 USD. Below this support, sellers could then target 127.53 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USD rating is 146.59 USD. The price is lower by -0.16% since the last closing with the lowest point at 142.88 USD and the highest point at 148.82 USD. The deviation from the price is +2.60% for the low point and -1.50% for the high point.142.88
148.82
146.59
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOLANA - SOL/USD:
Technical
Technical analysis of this 1H chart of SOLANA - SOL/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 127.53 | 138.89 | 142.27 | 146.59 | 148.91 | 153.47 | 159.65 |
| Change (%) | -13.00% | -5.25% | -2.95% | - | +1.58% | +4.69% | +8.91% |
| Change | -19.06 | -7.70 | -4.32 | - | +2.32 | +6.88 | +13.06 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Intermediate |
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 | 126.71 | 135.88 | 141.35 | 150.52 | 155.99 | 165.16 | 170.63 |
| Camarilla | 142.80 | 144.15 | 145.49 | 146.83 | 148.17 | 149.51 | 150.86 |
| Woodie | 124.87 | 134.96 | 139.51 | 149.60 | 154.15 | 164.24 | 168.79 |
| Fibonacci | 135.88 | 141.47 | 144.92 | 150.52 | 156.11 | 159.56 | 165.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.02 | 130.46 | 145.59 | 154.03 | 169.16 | 177.60 | 192.73 |
| Camarilla | 154.25 | 156.41 | 158.57 | 160.73 | 162.89 | 165.05 | 167.21 |
| Woodie | 125.38 | 132.13 | 148.95 | 155.70 | 172.52 | 179.27 | 196.09 |
| Fibonacci | 130.46 | 139.46 | 145.02 | 154.03 | 163.03 | 168.59 | 177.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.31 | 106.68 | 139.16 | 166.53 | 199.01 | 226.38 | 258.86 |
| Camarilla | 155.18 | 160.67 | 166.15 | 171.64 | 177.13 | 182.61 | 188.10 |
| Woodie | 81.87 | 107.96 | 141.72 | 167.81 | 201.57 | 227.66 | 261.42 |
| Fibonacci | 106.68 | 129.54 | 143.67 | 166.53 | 189.39 | 203.52 | 226.38 |
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): | 40.21 | |
| MACD (12,26,9): | -1.9900 | |
| Directional Movement: | -12.64 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 145.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 143.60 | |
| Elder Ray (13): | -0.22 | |
| Super Trend (3,10): | 150.31 | |
| Zig ZAG (10): | 146.92 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 71.17 | |
| TEMA (21): | 145.55 | |
| Williams %R (14): | -33.67 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | -0.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 3.89 |
| MA7: | 152.46 | |
| MA20: | 147.58 | |
| MA50: | 155.81 | |
| MA100: | 153.89 | |
| MAexp7: | 147.05 | |
| MAexp20: | 148.53 | |
| MAexp50: | 151.88 | |
| MAexp100: | 153.09 | |
| Price / MA7: | -3.85% | |
| Price / MA20: | -0.67% | |
| Price / MA50: | -5.92% | |
| Price / MA100: | -4.74% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -1.31% | |
| Price / MAexp50: | -3.48% | |
| Price / MAexp100: | -4.25% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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