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 12/12/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

11%

50%

39%

My opinion

Neutral between 225.88 USD and 231.08 USD

My targets

My analysis

A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 231.08 USD. The first support is located at 225.88 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.

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 rating is 229.14 USD. On the day, this instrument gained +0.76% and was between 225.87 USD and 234.73 USD. This implies that the price is at +1.45% from its lowest and at -2.38% from its highest.

225.87

234.73

229.14

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SOLANA - SOL/USD in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	211.62	218.68	225.88	229.14	231.08	238.03	243.49
Change (%)	-7.65%	-4.56%	-1.42%	-	+0.85%	+3.88%	+6.26%
Change	-17.52	-10.46	-3.26	-	+1.94	+8.89	+14.35
Level	Minor	Minor	Major	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	196.27	203.95	215.68	223.36	235.09	242.77	254.50
Camarilla	222.08	223.86	225.64	227.42	229.20	230.98	232.76
Woodie	198.31	204.96	217.72	224.37	237.13	243.78	256.54
Fibonacci	203.95	211.36	215.94	223.36	230.77	235.35	242.77

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

Technical indicators

Moving averages

RSI (14):	47.77
MACD (12,26,9):	1.0600
Directional Movement:	0.28
AROON (14):	-7.15
DEMA (21):	231.64
Parabolic SAR (0,02-0,02-0,2):	234.73
Elder Ray (13):	-2.40
Super Trend (3,10):	225.31
Zig ZAG (10):	228.03
VORTEX (21):	1.0100
Stochastique (14,3,5):	23.02
TEMA (21):	230.61
Williams %R (14):	-85.56
Chande Momentum Oscillator (20):	-4.83
Repulse (5,40,3):	-2.2200
ROCnROLL:	-1
TRIX (15,9):	0.1100
Courbe Coppock:	0.21

MA7:	228.44
MA20:	234.75
MA50:	213.12
MA100:	179.19
MAexp7:	230.03
MAexp20:	229.81
MAexp50:	227.25
MAexp100:	226.82
Price / MA7:	+0.31%
Price / MA20:	-2.39%
Price / MA50:	+7.52%
Price / MA100:	+27.88%
Price / MAexp7:	-0.39%
Price / MAexp20:	-0.29%
Price / MAexp50:	+0.83%
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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