SOLANA - SOL/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	SOLUSDT
ISIN:

SOLANA - SOL/USDT - Daily - Technical analysis published on 04/11/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

17%

39%

44%

My opinion

Bearish under 117.52 USDT

My targets

90.84 USDT (-15.02%)

58.77 USDT (-45.02%)

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 under the resistance located at 117.52 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 90.84 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 58.77 USDT as an objective. Crossing it would then enable sellers to target 56.02 USDT. If the resistance 117.52 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

3.2

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

Additional analysis

Quotes

The SOLANA - SOL/USDT rating is 106.89 USDT. The price registered a decrease of -3.72% on the session and was between 106.21 USDT and 111.91 USDT. This implies that the price is at +0.64% from its lowest and at -4.49% from its highest.

106.21

111.91

106.89

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

A technical analysis in Daily of this SOLANA - SOL/USDT chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. 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 price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

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

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23.58	56.02	89.53	106.89	117.52	155.05	191.11
Change (%)	-77.94%	-47.59%	-16.24%	-	+9.94%	+45.06%	+78.79%
Change	-83.31	-50.87	-17.36	-	+10.63	+48.16	+84.22
Level	Intermediate	Intermediate	Major	-	Minor	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	102.31	106.05	108.53	112.27	114.75	118.49	120.97
Camarilla	109.31	109.88	110.45	111.02	111.59	112.16	112.73
Woodie	101.69	105.74	107.91	111.96	114.13	118.18	120.35
Fibonacci	106.05	108.42	109.89	112.27	114.64	116.11	118.49

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.52	87.85	100.39	120.72	133.26	153.59	166.13
Camarilla	103.89	106.90	109.92	112.93	115.94	118.96	121.97
Woodie	63.63	85.90	96.50	118.77	129.37	151.64	162.24
Fibonacci	87.85	100.41	108.16	120.72	133.28	141.03	153.59

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39.64	58.77	90.84	109.97	142.04	161.17	193.24
Camarilla	108.82	113.51	118.21	122.90	127.59	132.29	136.98
Woodie	46.10	62.01	97.30	113.21	148.50	164.41	199.70
Fibonacci	58.77	78.33	90.42	109.97	129.53	141.62	161.17

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):	47.40
MACD (12,26,9):	4.3200
Directional Movement:	2.59
AROON (14):	35.71
DEMA (21):	119.26
Parabolic SAR (0,02-0,02-0,2):	132.96
Elder Ray (13):	-5.31
Super Trend (3,10):	137.28
Zig ZAG (10):	106.51
VORTEX (21):	1.0900
Stochastique (14,3,5):	15.49
TEMA (21):	119.82
Williams %R (14):	-99.52
Chande Momentum Oscillator (20):	-14.09
Repulse (5,40,3):	-11.3600
ROCnROLL:	2
TRIX (15,9):	1.0700
Courbe Coppock:	20.93

MA7:	114.11
MA20:	115.04
MA50:	98.70
MA100:	108.48
MAexp7:	113.54
MAexp20:	112.48
MAexp50:	107.40
MAexp100:	114.36
Price / MA7:	-6.33%
Price / MA20:	-7.08%
Price / MA50:	+8.30%
Price / MA100:	-1.47%
Price / MAexp7:	-5.86%
Price / MAexp20:	-4.97%
Price / MAexp50:	-0.47%
Price / MAexp100:	-6.53%

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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