SOLANA - SOL/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SOLUSDT
ISIN:

SOLANA - SOL/USDT - Daily - Technical analysis published on 09/21/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

50%

33%

My opinion

Bullish above 90.22 USDT

My targets

148.07 USDT (+3.10%)

187.87 USDT (+30.81%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SOLANA - SOL/USDT. As long as you are above the support located at 90.22 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 148.07 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 187.87 USDT as an objective. Crossing it would then enable buyers to target 191.11 USDT. If the support 90.22 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

2.1

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 Abu_norah. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SOLANA - SOL/USDT rating 143.62 USDT. The price registered an increase of +8.19% on the session with the lowest point at 125.53 USDT and the highest point at 144.55 USDT. The deviation from the price is +14.41% for the low point and -0.64% for the high point.

125.53

144.55

143.62

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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:

Technical

Technical analysis of SOLANA - SOL/USDT in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	24.18	56.02	70.58	143.62	191.11
Change (%)	-83.16%	-60.99%	-50.86%	-	+33.07%
Change	-119.44	-87.60	-73.04	-	+47.49
Level	Intermediate	Intermediate	Minor	-	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	102.90	117.11	124.93	139.14	146.96	161.17	168.99
Camarilla	126.69	128.71	130.73	132.75	134.77	136.79	138.81
Woodie	99.71	115.51	121.74	137.54	143.77	159.57	165.80
Fibonacci	117.11	125.53	130.73	139.14	147.56	152.76	161.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	95.76	115.38	142.31	161.93	188.86	208.48	235.41
Camarilla	156.44	160.71	164.97	169.24	173.51	177.77	182.04
Woodie	99.42	117.21	145.97	163.76	192.52	210.31	239.07
Fibonacci	115.38	133.16	144.15	161.93	179.71	190.70	208.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-47.23	-7.43	50.42	90.22	148.07	187.87	245.72
Camarilla	81.43	90.38	99.33	108.28	117.23	126.18	135.13
Woodie	-38.20	-2.92	59.46	94.73	157.11	192.38	254.76
Fibonacci	-7.43	29.87	52.91	90.22	127.52	150.56	187.87

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):	51.92
MACD (12,26,9):	12.4400
Directional Movement:	0.16
AROON (14):	-85.71
DEMA (21):	166.67
Parabolic SAR (0,02-0,02-0,2):	189.02
Elder Ray (13):	-17.97
Super Trend (3,10):	130.04
Zig ZAG (10):	140.28
VORTEX (21):	1.0500
Stochastique (14,3,5):	13.76
TEMA (21):	159.40
Williams %R (14):	-82.31
Chande Momentum Oscillator (20):	-46.54
Repulse (5,40,3):	-3.4200
ROCnROLL:	-1
TRIX (15,9):	2.5400
Courbe Coppock:	0.18

MA7:	150.94
MA20:	159.51
MA50:	102.33
MA100:	66.99
MAexp7:	150.24
MAexp20:	146.87
MAexp50:	114.49
MAexp100:	84.60
Price / MA7:	-4.85%
Price / MA20:	-9.96%
Price / MA50:	+40.35%
Price / MA100:	+114.39%
Price / MAexp7:	-4.41%
Price / MAexp20:	-2.21%
Price / MAexp50:	+25.44%
Price / MAexp100:	+69.76%

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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