SOLANA - SOL/USD
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 10/10/2024 (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
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
0
10
5

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This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Records

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
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard130.12134.35136.78141.01143.44147.67150.10
Camarilla137.38137.99138.60139.21139.82140.43141.04
Woodie129.22133.90135.88140.56142.54147.22149.20
Fibonacci134.35136.89138.47141.01143.55145.13147.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard101.32117.23129.92145.83158.52174.43187.12
Camarilla134.75137.37139.99142.61145.23147.85150.48
Woodie99.71116.43128.31145.03156.91173.63185.51
Fibonacci117.23128.16134.91145.83156.76163.51174.43


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard87.06103.82128.21144.97169.36186.12210.51
Camarilla141.27145.05148.82152.59156.36160.13163.91
Woodie90.87105.73132.02146.88173.17188.03214.32
Fibonacci103.82119.54129.25144.97160.69170.40186.12

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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