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 10/18/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 150.46 USD

My targets

156.12 USD (+1.59%)

158.52 USD (+3.16%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on SOLANA - SOL/USD. This is a positive signal for buyers. As long as the price remains above 150.46 USD, a purchase could be considered. The first bullish objective is located at 156.12 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 158.52 USD as an objective. Crossing it would then enable buyers to target 163.19 USD. In the event of a return below 150.46 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.7

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 price is 153.67 USD. The price registered an increase of +2.16% on the session with the lowest point at 149.60 USD and the highest point at 153.95 USD. The deviation from the price is +2.72% for the low point and -0.18% for the high point.

149.60

153.95

153.67

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SOLANA - SOL/USD:

Technical

A technical analysis in 1H of this SOLANA - SOL/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

MACD 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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	147.27	150.46	153.47	153.67	156.12	158.52	163.19
Change (%)	-4.16%	-2.09%	-0.13%	-	+1.59%	+3.16%	+6.20%
Change	-6.40	-3.21	-0.20	-	+2.45	+4.85	+9.52
Level	Minor	Intermediate	Intermediate	-	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	138.87	143.27	146.84	151.24	154.81	159.21	162.78
Camarilla	148.23	148.96	149.69	150.42	151.15	151.88	152.61
Woodie	138.47	143.06	146.44	151.03	154.41	159.00	162.38
Fibonacci	143.27	146.31	148.19	151.24	154.28	156.16	159.21

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):	58.49
MACD (12,26,9):	0.0200
Directional Movement:	9.35
AROON (14):	92.86
DEMA (21):	151.64
Parabolic SAR (0,02-0,02-0,2):	149.22
Elder Ray (13):	1.45
Super Trend (3,10):	149.73
Zig ZAG (10):	153.85
VORTEX (21):	1.0500
Stochastique (14,3,5):	92.68
TEMA (21):	152.20
Williams %R (14):	-6.20
Chande Momentum Oscillator (20):	4.21
Repulse (5,40,3):	1.0600
ROCnROLL:	1
TRIX (15,9):	-0.0500
Courbe Coppock:	1.84

MA7:	152.08
MA20:	147.06
MA50:	141.90
MA100:	148.80
MAexp7:	152.40
MAexp20:	151.89
MAexp50:	152.46
MAexp100:	152.12
Price / MA7:	+1.05%
Price / MA20:	+4.49%
Price / MA50:	+8.29%
Price / MA100:	+3.27%
Price / MAexp7:	+0.83%
Price / MAexp20:	+1.17%
Price / MAexp50:	+0.79%
Price / MAexp100:	+1.02%

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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