SOLANA - SOL/USD - 1H - Technical analysis published on 10/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 150.46 USD
My targets
156.25 USD (+1.24%)
158.52 USD (+2.71%)
My analysis
A bullish trend on SOLANA - SOL/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 150.46 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 156.25 USD. Then the price could move towards 158.52 USD. Then 173.73 USD by extension. Be careful, a return below 150.46 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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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 154.33 USD. The price is lower by -0.20% since the last closing with the lowest point at 153.02 USD and the highest point at 156.06 USD. The deviation from the price is +0.86% for the low point and -1.11% for the high point.153.02
156.06
154.33
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SOLANA - SOL/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 142.27 | 144.57 | 150.46 | 154.33 | 156.25 | 158.52 | 173.73 |
| Change (%) | -7.81% | -6.32% | -2.51% | - | +1.24% | +2.71% | +12.57% |
| Change | -12.06 | -9.76 | -3.87 | - | +1.92 | +4.19 | +19.40 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 141.15 | 145.81 | 150.22 | 154.88 | 159.29 | 163.95 | 168.36 |
| Camarilla | 152.15 | 152.98 | 153.81 | 154.64 | 155.47 | 156.30 | 157.13 |
| Woodie | 141.04 | 145.75 | 150.11 | 154.82 | 159.18 | 163.89 | 168.25 |
| Fibonacci | 145.81 | 149.27 | 151.41 | 154.88 | 158.34 | 160.48 | 163.95 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.78 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -2.02 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 153.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 155.22 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 150.19 | |
| Zig ZAG (10): | 153.68 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 39.39 | |
| TEMA (21): | 153.61 | |
| Williams %R (14): | -59.57 | |
| Chande Momentum Oscillator (20): | 1.15 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.42 |
| MA7: | 149.22 | |
| MA20: | 147.54 | |
| MA50: | 141.48 | |
| MA100: | 148.59 | |
| MAexp7: | 153.94 | |
| MAexp20: | 154.17 | |
| MAexp50: | 153.54 | |
| MAexp100: | 151.42 | |
| Price / MA7: | +3.42% | |
| Price / MA20: | +4.60% | |
| Price / MA50: | +9.08% | |
| Price / MA100: | +3.86% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +1.92% |
Quotes :
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Real time data
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