SOLANA - SOL/USD - 1H - Technical analysis published on 12/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 230.62 USD
My targets
223.28 USD (-2.43%)
219.85 USD (-3.93%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOLANA - SOL/USD as long as the price remains well below 230.62 USD. The sellers' bearish objective is set at 223.28 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 219.85 USD. In case of crossing, the next objective would be the support located at 215.10 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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 price is 228.85 USD. The price is lower by -3.54% since the last closing with the lowest point at 225.04 USD and the highest point at 237.44 USD. The deviation from the price is +1.69% for the low point and -3.62% for the high point.225.04
237.44
228.85
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOLANA - SOL/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SOLANA - SOL/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 2 are neutral and 11 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 215.10 | 219.85 | 223.28 | 228.85 | 230.62 | 237.60 | 241.05 |
| Change (%) | -6.01% | -3.93% | -2.43% | - | +0.77% | +3.82% | +5.33% |
| Change | -13.75 | -9.00 | -5.57 | - | +1.77 | +8.75 | +12.20 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 224.74 | 229.02 | 233.14 | 237.42 | 241.54 | 245.82 | 249.94 |
| Camarilla | 234.94 | 235.71 | 236.48 | 237.25 | 238.02 | 238.79 | 239.56 |
| Woodie | 224.65 | 228.98 | 233.05 | 237.38 | 241.45 | 245.78 | 249.85 |
| Fibonacci | 229.02 | 232.23 | 234.22 | 237.42 | 240.63 | 242.62 | 245.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.91 | 201.50 | 219.90 | 233.49 | 251.89 | 265.48 | 283.88 |
| Camarilla | 229.49 | 232.43 | 235.36 | 238.29 | 241.22 | 244.16 | 247.09 |
| Woodie | 190.31 | 202.70 | 222.30 | 234.69 | 254.29 | 266.68 | 286.28 |
| Fibonacci | 201.50 | 213.72 | 221.27 | 233.49 | 245.71 | 253.26 | 265.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.17 | 109.58 | 173.69 | 219.10 | 283.21 | 328.62 | 392.73 |
| Camarilla | 207.67 | 217.71 | 227.75 | 237.79 | 247.83 | 257.87 | 267.91 |
| Woodie | 73.51 | 114.26 | 183.03 | 223.78 | 292.55 | 333.30 | 402.07 |
| Fibonacci | 109.58 | 151.42 | 177.27 | 219.10 | 260.94 | 286.79 | 328.62 |
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): | 33.85 | |
| MACD (12,26,9): | -2.6500 | |
| Directional Movement: | -26.44 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 227.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 229.55 | |
| Elder Ray (13): | -2.45 | |
| Super Trend (3,10): | 233.71 | |
| Zig ZAG (10): | 227.52 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 15.85 | |
| TEMA (21): | 226.71 | |
| Williams %R (14): | -72.50 | |
| Chande Momentum Oscillator (20): | -4.02 | |
| Repulse (5,40,3): | 0.9900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 6.26 |
| MA7: | 234.55 | |
| MA20: | 239.33 | |
| MA50: | 210.04 | |
| MA100: | 176.51 | |
| MAexp7: | 228.53 | |
| MAexp20: | 231.03 | |
| MAexp50: | 234.07 | |
| MAexp100: | 235.30 | |
| Price / MA7: | -2.43% | |
| Price / MA20: | -4.38% | |
| Price / MA50: | +8.96% | |
| Price / MA100: | +29.65% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | -0.94% | |
| Price / MAexp50: | -2.23% | |
| Price / MAexp100: | -2.74% |
Quotes :
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Real time data
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Cryptocompare
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