SOLANA - SOL/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SOLUSD
ISIN:

SOLANA - SOL/USD - 1H - Technical analysis published on 10/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 146.58 USD

My targets

158.52 USD (+3.82%)

170.88 USD (+11.92%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOLANA - SOL/USD as long as the price remains well above 146.58 USD. The buyers' bullish objective is set at 158.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 170.88 USD. If there is any crossing, the next objective would be the resistance located at 185.50 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 152.68 USD. The price has increased by +3.32% since the last closing and was between 146.76 USD and 153.53 USD. This implies that the price is at +4.03% from its lowest and at -0.55% from its highest.

146.76

153.53

152.68

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

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

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

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	142.27	146.58	152.25	152.68	158.52	185.50	202.57
Change (%)	-6.82%	-4.00%	-0.28%	-	+3.82%	+21.50%	+32.68%
Change	-10.41	-6.10	-0.43	-	+5.84	+32.82	+49.89
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate	Major

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	140.94	142.68	145.27	147.01	149.60	151.34	153.93
Camarilla	146.66	147.06	147.45	147.85	148.25	148.64	149.04
Woodie	141.36	142.89	145.69	147.22	150.02	151.55	154.35
Fibonacci	142.68	144.34	145.36	147.01	148.67	149.69	151.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	120.12	127.73	137.04	144.65	153.96	161.57	170.88
Camarilla	141.71	143.26	144.81	146.36	147.91	149.46	151.01
Woodie	120.98	128.16	137.90	145.08	154.82	162.00	171.74
Fibonacci	127.73	134.19	138.18	144.65	151.11	155.10	161.57

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):	70.76
MACD (12,26,9):	1.7200
Directional Movement:	16.94
AROON (14):	92.86
DEMA (21):	152.02
Parabolic SAR (0,02-0,02-0,2):	149.08
Elder Ray (13):	1.94
Super Trend (3,10):	149.11
Zig ZAG (10):	152.88
VORTEX (21):	1.2700
Stochastique (14,3,5):	89.94
TEMA (21):	153.05
Williams %R (14):	-8.86
Chande Momentum Oscillator (20):	5.08
Repulse (5,40,3):	0.5500
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	7.63

MA7:	144.86
MA20:	147.08
MA50:	141.30
MA100:	148.18
MAexp7:	152.04
MAexp20:	149.98
MAexp50:	147.85
MAexp100:	146.10
Price / MA7:	+5.40%
Price / MA20:	+3.81%
Price / MA50:	+8.05%
Price / MA100:	+3.04%
Price / MAexp7:	+0.42%
Price / MAexp20:	+1.80%
Price / MAexp50:	+3.27%
Price / MAexp100:	+4.50%

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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