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 10/21/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 164.77 USD

My targets

173.54 USD (+2.33%)

185.50 USD (+9.38%)

My analysis

SOLANA - SOL/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 164.77 USD. The next resistance located at 173.54 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 185.50 USD. After this resistance, buyers could then target 202.57 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.4

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

SOLANA - SOL/USD rating 169.59 USD. On the day, this instrument gained +1.34% and was traded between 167.20 USD and 171.58 USD over the period. The price is currently at +1.43% from its lowest and -1.16% from its highest.

167.20

171.58

169.59

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

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 the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

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

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	153.47	156.64	158.52	169.59	173.54	185.50	202.57
Change (%)	-9.51%	-7.64%	-6.53%	-	+2.33%	+9.38%	+19.45%
Change	-16.12	-12.95	-11.07	-	+3.95	+15.91	+32.98
Level	Minor	Minor	Major	-	Minor	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	150.22	153.87	160.61	164.26	171.00	174.65	181.39
Camarilla	164.49	165.45	166.40	167.35	168.30	169.26	170.21
Woodie	151.77	154.64	162.16	165.03	172.55	175.42	182.94
Fibonacci	153.87	157.84	160.29	164.26	168.23	170.68	174.65

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	134.29	139.41	149.53	154.65	164.77	169.89	180.01
Camarilla	155.47	156.87	158.26	159.66	161.06	162.45	163.85
Woodie	136.80	140.66	152.04	155.90	167.28	171.14	182.52
Fibonacci	139.41	145.23	148.83	154.65	160.47	164.07	169.89

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	78.76
MACD (12,26,9):	3.1900
Directional Movement:	37.22
AROON (14):	100.00
DEMA (21):	168.83
Parabolic SAR (0,02-0,02-0,2):	164.96
Elder Ray (13):	4.09
Super Trend (3,10):	165.64
Zig ZAG (10):	170.10
VORTEX (21):	1.3400
Stochastique (14,3,5):	93.86
TEMA (21):	170.46
Williams %R (14):	-12.58
Chande Momentum Oscillator (20):	9.81
Repulse (5,40,3):	0.5300
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	11.76

MA7:	158.73
MA20:	149.17
MA50:	143.83
MA100:	149.61
MAexp7:	168.63
MAexp20:	164.98
MAexp50:	160.91
MAexp100:	157.83
Price / MA7:	+6.84%
Price / MA20:	+13.69%
Price / MA50:	+17.91%
Price / MA100:	+13.35%
Price / MAexp7:	+0.57%
Price / MAexp20:	+2.79%
Price / MAexp50:	+5.39%
Price / MAexp100:	+7.45%

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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