SOLANA - SOL/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	SOLUSD
ISIN:

SOLANA - SOL/USD - 1H - Technical analysis published on 10/09/2024 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 142.27 USD

My targets

138.63 USD (-1.39%)

135.94 USD (-3.31%)

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 142.27 USD. The next support located at 138.63 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 135.94 USD. Below this support, sellers could then target 133.14 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.3

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 140.59 USD. The price registered a decrease of -1.96% on the session and was traded between 140.19 USD and 145.24 USD over the period. The price is currently at +0.29% from its lowest and -3.20% from its highest.

140.19

145.24

140.59

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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 an element:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SOLANA - SOL/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	133.14	135.94	138.63	140.59	142.27	145.52	148.94
Change (%)	-5.30%	-3.31%	-1.39%	-	+1.19%	+3.51%	+5.94%
Change	-7.45	-4.65	-1.96	-	+1.68	+4.93	+8.35
Level	Intermediate	Minor	Minor	-	Intermediate	Major	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	136.79	138.95	141.18	143.34	145.57	147.73	149.96
Camarilla	142.19	142.60	143.00	143.40	143.80	144.21	144.61
Woodie	136.82	138.97	141.21	143.36	145.60	147.75	149.99
Fibonacci	138.95	140.63	141.67	143.34	145.02	146.06	147.73

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.24
MACD (12,26,9):	-0.6000
Directional Movement:	-9.14
AROON (14):	-78.57
DEMA (21):	142.08
Parabolic SAR (0,02-0,02-0,2):	144.58
Elder Ray (13):	-0.07
Super Trend (3,10):	144.69
Zig ZAG (10):	142.21
VORTEX (21):	0.9500
Stochastique (14,3,5):	41.63
TEMA (21):	141.93
Williams %R (14):	-54.71
Chande Momentum Oscillator (20):	-1.17
Repulse (5,40,3):	-0.0300
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	2.49

MA7:	142.59
MA20:	147.59
MA50:	141.93
MA100:	147.89
MAexp7:	142.07
MAexp20:	142.89
MAexp50:	143.77
MAexp100:	144.34
Price / MA7:	-1.40%
Price / MA20:	-4.74%
Price / MA50:	-0.94%
Price / MA100:	-4.94%
Price / MAexp7:	-1.04%
Price / MAexp20:	-1.61%
Price / MAexp50:	-2.21%
Price / MAexp100:	-2.60%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15237

Number of analyses :

84222

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…