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 10/07/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

22%

17%

61%

My opinion

Bullish above 142.27 USD

My targets

160.73 USD (+9.53%)

185.50 USD (+26.41%)

My analysis

A bullish trend on SOLANA - SOL/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 142.27 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 160.73 USD. Then the price could move towards 185.50 USD. Then 202.57 USD by extension. Be careful, a return below 142.27 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

3.4

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

Additional analysis

Quotes

SOLANA - SOL/USD rating 146.75 USD. The price registered an increase of +0.18% on the session and was traded between 145.67 USD and 151.04 USD over the period. The price is currently at +0.74% from its lowest and -2.84% from its highest.

145.67

151.04

146.75

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SOLANA - SOL/USD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 11 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	127.53	135.78	142.27	146.75	160.73	185.50	202.57
Change (%)	-13.10%	-7.48%	-3.05%	-	+9.53%	+26.41%	+38.04%
Change	-19.22	-10.97	-4.48	-	+13.98	+38.75	+55.82
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	138.73	140.38	143.43	145.08	148.13	149.78	152.83
Camarilla	145.20	145.63	146.06	146.49	146.92	147.35	147.78
Woodie	139.44	140.73	144.14	145.43	148.84	150.13	153.54
Fibonacci	140.38	142.17	143.28	145.08	146.87	147.98	149.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	101.32	117.23	129.92	145.83	158.52	174.43	187.12
Camarilla	134.75	137.37	139.99	142.61	145.23	147.85	150.48
Woodie	99.71	116.43	128.31	145.03	156.91	173.63	185.51
Fibonacci	117.23	128.16	134.91	145.83	156.76	163.51	174.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.06	103.82	128.21	144.97	169.36	186.12	210.51
Camarilla	141.27	145.05	148.82	152.59	156.36	160.13	163.91
Woodie	90.87	105.73	132.02	146.88	173.17	188.03	214.32
Fibonacci	103.82	119.54	129.25	144.97	160.69	170.40	186.12

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):	51.76
MACD (12,26,9):	0.9600
Directional Movement:	0.55
AROON (14):	-28.57
DEMA (21):	146.85
Parabolic SAR (0,02-0,02-0,2):	154.46
Elder Ray (13):	2.62
Super Trend (3,10):	135.87
Zig ZAG (10):	146.63
VORTEX (21):	1.1000
Stochastique (14,3,5):	42.13
TEMA (21):	147.38
Williams %R (14):	-53.29
Chande Momentum Oscillator (20):	-1.48
Repulse (5,40,3):	-0.0100
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	0.16

MA7:	143.01
MA20:	147.28
MA50:	141.99
MA100:	147.98
MAexp7:	145.37
MAexp20:	145.22
MAexp50:	144.60
MAexp100:	146.07
Price / MA7:	+2.62%
Price / MA20:	-0.36%
Price / MA50:	+3.35%
Price / MA100:	-0.83%
Price / MAexp7:	+0.95%
Price / MAexp20:	+1.05%
Price / MAexp50:	+1.49%
Price / MAexp100:	+0.47%

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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