SOLANA - SOL/USDT - 1H - Technical analysis published on 01/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 12.84 USDT
My targets
13.36 USDT (+0.13%)
14.17 USDT (+6.22%)
My analysis
The basic bullish trend is very strong on SOLANA - SOL/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 12.84 USDT. Crossing the first resistance at 13.36 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 14.17 USDT as an objective. Crossing it would then enable buyers to target 30.54 USDT. Caution, a return to below 12.84 USDT would be a sign of a consolidation phase in the short-term basic trend. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOLANA - SOL/USDT rating 13.34 USDT. The price is lower by -0.82% since the last closing and was between 12.96 USDT and 13.48 USDT. This implies that the price is at +2.93% from its lowest and at -1.04% from its highest.12.96
13.48
13.34
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:
Technical
A technical analysis in 1H of this SOLANA - SOL/USDT chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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 | 9.64 | 11.02 | 12.84 | 13.34 | 14.17 | 30.54 | 36.95 |
| Change (%) | -27.74% | -17.39% | -3.75% | - | +6.22% | +128.94% | +176.99% |
| Change | -3.70 | -2.32 | -0.50 | - | +0.83 | +17.20 | +23.61 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 11.45 | 12.14 | 12.80 | 13.49 | 14.15 | 14.84 | 15.50 |
| Camarilla | 13.08 | 13.20 | 13.33 | 13.45 | 13.57 | 13.70 | 13.82 |
| Woodie | 11.43 | 12.13 | 12.78 | 13.48 | 14.13 | 14.83 | 15.48 |
| Fibonacci | 12.14 | 12.66 | 12.98 | 13.49 | 14.01 | 14.33 | 14.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.66 | 6.36 | 8.16 | 9.86 | 11.66 | 13.36 | 15.16 |
| Camarilla | 9.01 | 9.33 | 9.65 | 9.97 | 10.29 | 10.61 | 10.93 |
| Woodie | 4.72 | 6.39 | 8.22 | 9.89 | 11.72 | 13.39 | 15.22 |
| Fibonacci | 6.36 | 7.69 | 8.52 | 9.86 | 11.19 | 12.02 | 13.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.17 | 4.11 | 7.04 | 10.98 | 13.91 | 17.85 | 20.78 |
| Camarilla | 8.08 | 8.71 | 9.34 | 9.97 | 10.60 | 11.23 | 11.86 |
| Woodie | -0.34 | 3.86 | 6.54 | 10.73 | 13.41 | 17.60 | 20.28 |
| Fibonacci | 4.11 | 6.73 | 8.36 | 10.98 | 13.60 | 15.23 | 17.85 |
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): | 52.96 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -0.29 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 13.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.97 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 12.91 | |
| Zig ZAG (10): | 13.32 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 46.79 | |
| TEMA (21): | 13.11 | |
| Williams %R (14): | -30.77 | |
| Chande Momentum Oscillator (20): | 0.12 | |
| Repulse (5,40,3): | 1.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.19 |
| MA7: | 11.61 | |
| MA20: | 11.54 | |
| MA50: | 12.74 | |
| MA100: | 20.74 | |
| MAexp7: | 13.21 | |
| MAexp20: | 13.24 | |
| MAexp50: | 13.00 | |
| MAexp100: | 12.35 | |
| Price / MA7: | +14.90% | |
| Price / MA20: | +15.60% | |
| Price / MA50: | +4.71% | |
| Price / MA100: | -35.68% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | +2.62% | |
| Price / MAexp100: | +8.02% |
Quotes :
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Real time data
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