SOLANA - SOL/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SOLUSD
ISIN:

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

Londinia

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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

44%

11%

44%

My opinion

Bearish under 142.27 USD

My targets

138.64 USD (-1.01%)

135.94 USD (-2.94%)

My analysis

The bearish trend is currently very strong for SOLANA - SOL/USD. As long as the price remains below the resistance at 142.27 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 138.64 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 135.94 USD as an objective. Crossing it would then enable sellers to target 133.14 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

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

The SOLANA - SOL/USD rating is 140.06 USD. On the day, this instrument gained +0.61% with the lowest point at 137.60 USD and the highest point at 140.71 USD. The deviation from the price is +1.79% for the low point and -0.46% for the high point.

137.60

140.71

140.06

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SOLANA - SOL/USD in 1H shows a overall strongly bearish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a slightly bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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	133.14	135.94	138.64	140.06	142.27	145.24	148.94
Change (%)	-4.94%	-2.94%	-1.01%	-	+1.58%	+3.70%	+6.34%
Change	-6.92	-4.12	-1.42	-	+2.21	+5.18	+8.88
Level	Intermediate	Minor	Major	-	Intermediate	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	130.12	134.35	136.78	141.01	143.44	147.67	150.10
Camarilla	137.38	137.99	138.60	139.21	139.82	140.43	141.04
Woodie	129.22	133.90	135.88	140.56	142.54	147.22	149.20
Fibonacci	134.35	136.89	138.47	141.01	143.55	145.13	147.67

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):	45.51
MACD (12,26,9):	-0.8400
Directional Movement:	-8.83
AROON (14):	-57.14
DEMA (21):	139.29
Parabolic SAR (0,02-0,02-0,2):	137.66
Elder Ray (13):	0.25
Super Trend (3,10):	142.37
Zig ZAG (10):	140.22
VORTEX (21):	0.9000
Stochastique (14,3,5):	54.82
TEMA (21):	139.26
Williams %R (14):	-29.14
Chande Momentum Oscillator (20):	-0.19
Repulse (5,40,3):	0.3000
ROCnROLL:	-1
TRIX (15,9):	-0.1000
Courbe Coppock:	2.59

MA7:	142.71
MA20:	147.09
MA50:	141.80
MA100:	147.72
MAexp7:	139.87
MAexp20:	140.46
MAexp50:	141.99
MAexp100:	143.23
Price / MA7:	-1.86%
Price / MA20:	-4.78%
Price / MA50:	-1.23%
Price / MA100:	-5.19%
Price / MAexp7:	+0.14%
Price / MAexp20:	-0.28%
Price / MAexp50:	-1.36%
Price / MAexp100:	-2.21%

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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