SOLANA - SOL/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	SOLUSDT
ISIN:

SOLANA - SOL/USDT - Daily - Technical analysis published on 11/06/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 234.90 USDT

My targets

267.37 USDT (+5.74%)

315.94 USDT (+24.94%)

My analysis

SOLANA - SOL/USDT 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 234.90 USDT. The next resistance located at 267.37 USDT 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 315.94 USDT. 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

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

The SOLANA - SOL/USDT price is 252.87 USDT. On the day, this instrument gained +7.11% and was between 234.86 USDT and 254.80 USDT. This implies that the price is at +7.67% from its lowest and at -0.76% from its highest.

234.86

254.80

252.87

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SOLANA - SOL/USDT 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.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	56.02	144.83	210.06	252.87
Change (%)	-77.85%	-42.73%	-16.93%	-
Change	-196.85	-108.04	-42.81	-
Level	Minor	Minor	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	210.60	220.57	228.33	238.30	246.06	256.03	263.79
Camarilla	231.21	232.84	234.47	236.09	237.72	239.34	240.97
Woodie	209.50	220.02	227.23	237.75	244.96	255.48	262.69
Fibonacci	220.57	227.34	231.53	238.30	245.07	249.26	256.03

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	139.08	159.65	177.67	198.24	216.26	236.83	254.85
Camarilla	185.08	188.62	192.15	195.69	199.23	202.77	206.30
Woodie	137.81	159.01	176.40	197.60	214.99	236.19	253.58
Fibonacci	159.65	174.39	183.50	198.24	212.98	222.09	236.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.82	105.29	153.86	186.33	234.90	267.37	315.94
Camarilla	180.13	187.56	194.99	202.42	209.85	217.28	224.71
Woodie	80.86	109.32	161.90	190.36	242.94	271.40	323.98
Fibonacci	105.29	136.25	155.38	186.33	217.29	236.42	267.37

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):	72.33
MACD (12,26,9):	20.6700
Directional Movement:	21.03
AROON (14):	71.43
DEMA (21):	232.68
Parabolic SAR (0,02-0,02-0,2):	209.92
Elder Ray (13):	26.26
Super Trend (3,10):	191.25
Zig ZAG (10):	250.93
VORTEX (21):	1.2100
Stochastique (14,3,5):	89.94
TEMA (21):	242.15
Williams %R (14):	-5.16
Chande Momentum Oscillator (20):	41.06
Repulse (5,40,3):	11.9200
ROCnROLL:	1
TRIX (15,9):	1.3400
Courbe Coppock:	47.84

MA7:	229.34
MA20:	203.23
MA50:	171.61
MA100:	132.35
MAexp7:	232.34
MAexp20:	207.36
MAexp50:	177.20
MAexp100:	142.82
Price / MA7:	+10.26%
Price / MA20:	+24.43%
Price / MA50:	+47.35%
Price / MA100:	+91.06%
Price / MAexp7:	+8.84%
Price / MAexp20:	+21.95%
Price / MAexp50:	+42.71%
Price / MAexp100:	+77.06%

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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