SOLANA - SOL/USD - 1H - Technical analysis published on 10/07/2024 (GMT)
- 92
- 0
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 142.27 USD
My targets
148.94 USD (+1.96%)
151.43 USD (+3.66%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 142.27 USD remains possible. It is advisable to trade SOLANA - SOL/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 142.27 USD. The next bullish objective for buyers is set at 148.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 151.43 USD. If there is any crossing, the next objective would be the resistance located at 155.13 USD. PS: if there is a bearish break in the support located at 142.27 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOLANA - SOL/USD rating 146.08 USD. The price registered a decrease of -0.28% on the session with the lowest point at 145.55 USD and the highest point at 152.25 USD. The deviation from the price is +0.36% for the low point and -4.05% for the high point.145.55
152.25
146.08
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SOLANA - SOL/USD indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 135.78 | 138.63 | 142.27 | 146.08 | 148.94 | 151.43 | 155.13 |
| Change (%) | -7.05% | -5.10% | -2.61% | - | +1.96% | +3.66% | +6.20% |
| Change | -10.30 | -7.45 | -3.81 | - | +2.86 | +5.35 | +9.05 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.61 | |
| MACD (12,26,9): | 0.7400 | |
| Directional Movement: | 10.16 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 149.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 146.18 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 146.24 | |
| Zig ZAG (10): | 147.63 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 44.38 | |
| TEMA (21): | 148.78 | |
| Williams %R (14): | -68.69 | |
| Chande Momentum Oscillator (20): | -1.69 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 0.58 |
| MA7: | 143.17 | |
| MA20: | 147.35 | |
| MA50: | 142.02 | |
| MA100: | 148.00 | |
| MAexp7: | 148.43 | |
| MAexp20: | 147.95 | |
| MAexp50: | 146.33 | |
| MAexp100: | 145.46 | |
| Price / MA7: | +2.03% | |
| Price / MA20: | -0.86% | |
| Price / MA50: | +2.86% | |
| Price / MA100: | -1.30% | |
| Price / MAexp7: | -1.58% | |
| Price / MAexp20: | -1.26% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | +0.43% |
Quotes :
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Real time data
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