SOLANA - SOL/USDT - Weekly - Technical analysis published on 03/16/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 89.53 USDT
My targets
76.14 USDT (-9.47%)
56.02 USDT (-33.40%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for SOLANA - SOL/USDT as long as the price remains well below 89.53 USDT. The next bearish objective for sellers is set at 76.14 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 56.02 USDT. In case of crossing, the next objective would be the support located at 23.58 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 76.14 USDT. With this support, against the trend traders who want to buy SOLANA - SOL/USDT on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.4
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Additional analysis
Quotes
The SOLANA - SOL/USDT rating is 84.11 USDT. The price registered an increase of +1.48% over 5 days and was traded between 77.91 USDT and 83.07 USDT over the period. The price is currently at +7.96% from its lowest point and +1.25% from its highest point.77.91
83.07
84.11
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SOLANA - SOL/USDT in Weekly shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.62 | 23.58 | 56.02 | 84.11 | 89.53 | 191.11 | 258.35 |
| Change (%) | -96.89% | -71.97% | -33.40% | - | +6.44% | +127.21% | +207.16% |
| Change | -81.49 | -60.53 | -28.09 | - | +5.42 | +107.00 | +174.24 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Major |
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 | 72.50 | 75.72 | 79.29 | 82.51 | 86.08 | 89.30 | 92.87 |
| Camarilla | 81.00 | 81.63 | 82.25 | 82.87 | 83.49 | 84.12 | 84.74 |
| Woodie | 72.69 | 75.81 | 79.48 | 82.60 | 86.27 | 89.39 | 93.06 |
| Fibonacci | 75.72 | 78.31 | 79.91 | 82.51 | 85.10 | 86.70 | 89.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.92 | 74.02 | 77.73 | 83.83 | 87.54 | 93.64 | 97.35 |
| Camarilla | 78.75 | 79.65 | 80.55 | 81.45 | 82.35 | 83.25 | 84.15 |
| Woodie | 66.74 | 73.42 | 76.55 | 83.23 | 86.36 | 93.04 | 96.17 |
| Fibonacci | 74.02 | 77.76 | 80.08 | 83.83 | 87.57 | 89.89 | 93.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.73 | 52.60 | 76.14 | 99.01 | 122.55 | 145.42 | 168.96 |
| Camarilla | 86.93 | 91.18 | 95.44 | 99.69 | 103.94 | 108.20 | 112.45 |
| Woodie | 30.08 | 52.77 | 76.49 | 99.18 | 122.90 | 145.59 | 169.31 |
| Fibonacci | 52.60 | 70.33 | 81.28 | 99.01 | 116.74 | 127.69 | 145.42 |
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): | 40.06 | |
| MACD (12,26,9): | -12.9400 | |
| Directional Movement: | -2.59 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 110.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.52 | |
| Elder Ray (13): | -27.85 | |
| Super Trend (3,10): | 168.00 | |
| Zig ZAG (10): | 83.58 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 5.42 | |
| TEMA (21): | 79.95 | |
| Williams %R (14): | -93.77 | |
| Chande Momentum Oscillator (20): | -114.26 | |
| Repulse (5,40,3): | -17.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 109.05 |
| MA7: | 81.63 | |
| MA20: | 87.47 | |
| MA50: | 94.30 | |
| MA100: | 126.62 | |
| MAexp7: | 93.27 | |
| MAexp20: | 119.35 | |
| MAexp50: | 105.69 | |
| MAexp100: | 54.65 | |
| Price / MA7: | +3.04% | |
| Price / MA20: | -3.84% | |
| Price / MA50: | -10.81% | |
| Price / MA100: | -33.57% | |
| Price / MAexp7: | -9.82% | |
| Price / MAexp20: | -29.53% | |
| Price / MAexp50: | -20.42% | |
| Price / MAexp100: | +53.91% |
Quotes :
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Real time data
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