SOLANA - SOL/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	SOLUSD
ISIN:

SOLANA - SOL/USD - 1H - Technical analysis published on 10/11/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

83%

11%

My opinion

Bullish above 138.63 USD

My targets

144.89 USD (+2.39%)

146.58 USD (+3.58%)

My analysis

The strong short-term increase in SOLANA - SOL/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 138.63 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 144.89 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 146.58 USD as an objective. Crossing it would then enable buyers to target 152.25 USD. Caution, a return under 138.63 USD could jeopardize the reversal.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.9

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 141.51 USD. On the day, this instrument gained +1.84% with the lowest point at 138.61 USD and the highest point at 141.79 USD. The deviation from the price is +2.09% for the low point and -0.20% for the high point.

138.61

141.79

141.51

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SOLANA - SOL/USD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	133.14	135.33	138.63	141.51	142.27	144.89	146.58
Change (%)	-5.91%	-4.37%	-2.04%	-	+0.54%	+2.39%	+3.58%
Change	-8.37	-6.18	-2.88	-	+0.76	+3.38	+5.07
Level	Minor	Intermediate	Minor	-	Intermediate	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	130.58	132.95	135.96	138.33	141.34	143.71	146.72
Camarilla	137.48	137.97	138.47	138.96	139.45	139.95	140.44
Woodie	130.89	133.11	136.27	138.49	141.65	143.87	147.03
Fibonacci	132.95	135.01	136.28	138.33	140.39	141.66	143.71

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):	60.99
MACD (12,26,9):	0.3400
Directional Movement:	5.02
AROON (14):	64.28
DEMA (21):	139.87
Parabolic SAR (0,02-0,02-0,2):	137.66
Elder Ray (13):	1.25
Super Trend (3,10):	137.90
Zig ZAG (10):	141.57
VORTEX (21):	1.1200
Stochastique (14,3,5):	95.07
TEMA (21):	140.87
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	4.66
Repulse (5,40,3):	1.1600
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	3.66

MA7:	142.33
MA20:	146.62
MA50:	141.74
MA100:	147.71
MAexp7:	140.62
MAexp20:	139.67
MAexp50:	140.28
MAexp100:	141.62
Price / MA7:	-0.58%
Price / MA20:	-3.49%
Price / MA50:	-0.16%
Price / MA100:	-4.20%
Price / MAexp7:	+0.63%
Price / MAexp20:	+1.32%
Price / MAexp50:	+0.88%
Price / MAexp100:	-0.08%

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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