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 10/26/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 191.11 USDT

My targets

223.91 USDT (+9.40%)

256.76 USDT (+25.45%)

My analysis

The bullish trend is currently very strong on SOLANA - SOL/USDT. As long as the price remains above the support at 191.11 USDT, you could try to benefit from the boom. The first bullish objective is located at 223.91 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 256.76 USDT as an objective. Crossing it would then enable buyers to target 297.91 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.6

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 204.68 USDT. The price registered a decrease of -2.56% on the session and was between 202.59 USDT and 214.15 USDT. This implies that the price is at +1.03% from its lowest and at -4.42% from its highest.

202.59

214.15

204.68

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/USDT:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SOLANA - SOL/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	56.02	144.83	191.11	204.68
Change (%)	-72.63%	-29.24%	-6.63%	-
Change	-148.66	-59.85	-13.57	-
Level	Minor	Intermediate	Major	-

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	178.41	188.24	199.15	208.98	219.89	229.72	240.63
Camarilla	204.36	206.26	208.16	210.06	211.96	213.86	215.76
Woodie	178.95	188.51	199.69	209.25	220.43	229.99	241.17
Fibonacci	188.24	196.16	201.06	208.98	216.90	221.80	229.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	100.83	127.01	162.37	188.55	223.91	250.09	285.45
Camarilla	180.82	186.46	192.10	197.74	203.38	209.02	214.66
Woodie	105.43	129.31	166.97	190.85	228.51	252.39	290.05
Fibonacci	127.01	150.52	165.04	188.55	212.06	226.58	250.09

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.33	59.04	100.19	157.90	199.05	256.76	297.91
Camarilla	114.14	123.21	132.27	141.33	150.39	159.45	168.52
Woodie	-6.96	54.90	91.90	153.76	190.76	252.62	289.62
Fibonacci	59.04	96.81	120.14	157.90	195.67	219.00	256.76

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):	71.40
MACD (12,26,9):	14.6600
Directional Movement:	22.63
AROON (14):	92.86
DEMA (21):	193.81
Parabolic SAR (0,02-0,02-0,2):	158.54
Elder Ray (13):	23.57
Super Trend (3,10):	162.61
Zig ZAG (10):	207.07
VORTEX (21):	1.1400
Stochastique (14,3,5):	85.61
TEMA (21):	201.04
Williams %R (14):	-15.85
Chande Momentum Oscillator (20):	56.94
Repulse (5,40,3):	5.0800
ROCnROLL:	1
TRIX (15,9):	0.8400
Courbe Coppock:	55.66

MA7:	197.09
MA20:	169.34
MA50:	161.62
MA100:	111.66
MAexp7:	195.73
MAexp20:	176.74
MAexp50:	154.40
MAexp100:	124.52
Price / MA7:	+3.85%
Price / MA20:	+20.87%
Price / MA50:	+26.64%
Price / MA100:	+83.31%
Price / MAexp7:	+4.57%
Price / MAexp20:	+15.81%
Price / MAexp50:	+32.56%
Price / MAexp100:	+64.38%

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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