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 10/11/2024 (GMT)

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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%
6%
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
0
10
2.9

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:
15 min. Daily Weekly

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.

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

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard130.58132.95135.96138.33141.34143.71146.72
Camarilla137.48137.97138.47138.96139.45139.95140.44
Woodie130.89133.11136.27138.49141.65143.87147.03
Fibonacci132.95135.01136.28138.33140.39141.66143.71


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 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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