SOLANA - SOL/USDT - 1H - Technical analysis published on 04/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 142.03 USDT
My targets
136.81 USDT (-2.29%)
128.57 USDT (-8.18%)
My analysis
SOLANA - SOL/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 142.03 USDT. The next support located at 136.81 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 128.57 USDT. Below this support, sellers could then target 119.93 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by boobski. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USDT rating is 140.02 USDT. The price has increased by +0.57% since the last closing and was traded between 139.22 USDT and 140.20 USDT over the period. The price is currently at +0.57% from its lowest and -0.13% from its highest.139.22
140.20
140.02
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
Technical analysis of SOLANA - SOL/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 119.93 | 128.57 | 136.81 | 140.02 | 142.03 | 146.76 | 153.32 |
| Change (%) | -14.35% | -8.18% | -2.29% | - | +1.44% | +4.81% | +9.50% |
| Change | -20.09 | -11.45 | -3.21 | - | +2.01 | +6.74 | +13.30 |
| Level | Major | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.26 | 134.04 | 136.63 | 141.41 | 144.00 | 148.78 | 151.37 |
| Camarilla | 137.20 | 137.88 | 138.55 | 139.23 | 139.91 | 140.58 | 141.26 |
| Woodie | 128.18 | 133.49 | 135.55 | 140.86 | 142.92 | 148.23 | 150.29 |
| Fibonacci | 134.04 | 136.85 | 138.59 | 141.41 | 144.22 | 145.96 | 148.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.99 | 115.29 | 133.27 | 144.57 | 162.55 | 173.85 | 191.83 |
| Camarilla | 143.21 | 145.89 | 148.58 | 151.26 | 153.94 | 156.63 | 159.31 |
| Woodie | 107.34 | 116.96 | 136.62 | 146.24 | 165.90 | 175.52 | 195.18 |
| Fibonacci | 115.29 | 126.47 | 133.38 | 144.57 | 155.75 | 162.66 | 173.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.34 | 110.19 | 156.33 | 183.18 | 229.32 | 256.17 | 302.31 |
| Camarilla | 182.40 | 189.09 | 195.78 | 202.47 | 209.16 | 215.85 | 222.54 |
| Woodie | 92.99 | 115.01 | 165.98 | 188.00 | 238.97 | 260.99 | 311.96 |
| Fibonacci | 110.19 | 138.07 | 155.30 | 183.18 | 211.06 | 228.29 | 256.17 |
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): | 32.83 | |
| MACD (12,26,9): | -1.3700 | |
| Directional Movement: | -19.12 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 140.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 145.89 | |
| Elder Ray (13): | -2.45 | |
| Super Trend (3,10): | 144.47 | |
| Zig ZAG (10): | 139.50 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 6.70 | |
| TEMA (21): | 140.59 | |
| Williams %R (14): | -90.58 | |
| Chande Momentum Oscillator (20): | -3.61 | |
| Repulse (5,40,3): | -1.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 3.38 |
| MA7: | 147.42 | |
| MA20: | 150.80 | |
| MA50: | 168.02 | |
| MA100: | 137.68 | |
| MAexp7: | 140.92 | |
| MAexp20: | 142.48 | |
| MAexp50: | 145.00 | |
| MAexp100: | 147.06 | |
| Price / MA7: | -5.02% | |
| Price / MA20: | -7.15% | |
| Price / MA50: | -16.66% | |
| Price / MA100: | +1.70% | |
| Price / MAexp7: | -0.64% | |
| Price / MAexp20: | -1.73% | |
| Price / MAexp50: | -3.43% | |
| Price / MAexp100: | -4.79% |
Quotes :
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Real time data
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Cryptocompare
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