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 10/16/2024 (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

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 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.

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, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard141.15145.81150.22154.88159.29163.95168.36
Camarilla152.15152.98153.81154.64155.47156.30157.13
Woodie141.04145.75150.11154.82159.18163.89168.25
Fibonacci145.81149.27151.41154.88158.34160.48163.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard120.12127.73137.04144.65153.96161.57170.88
Camarilla141.71143.26144.81146.36147.91149.46151.01
Woodie120.98128.16137.90145.08154.82162.00171.74
Fibonacci127.73134.19138.18144.65151.11155.10161.57


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 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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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