SOLANA - SOL/USDT - 1H - Technical analysis published on 08/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 157.95 USDT
My targets
150.02 USDT (-1.18%)
142.30 USDT (-6.26%)
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 157.95 USDT. The next support located at 150.02 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 142.30 USDT. Below this support, sellers could then target 126.76 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USDT rating is 151.81 USDT. The price registered a decrease of -0.62% on the session and was traded between 148.76 USDT and 154.02 USDT over the period. The price is currently at +2.05% from its lowest and -1.43% from its highest.148.76
154.02
151.81
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SOLANA - SOL/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 126.76 | 142.30 | 150.02 | 151.81 | 157.95 | 167.63 | 172.93 |
| Change (%) | -16.50% | -6.26% | -1.18% | - | +4.04% | +10.42% | +13.91% |
| Change | -25.05 | -9.51 | -1.79 | - | +6.14 | +15.82 | +21.12 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Minor |
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 | 125.99 | 138.01 | 145.38 | 157.40 | 164.77 | 176.79 | 184.16 |
| Camarilla | 147.43 | 149.21 | 150.98 | 152.76 | 154.54 | 156.32 | 158.09 |
| Woodie | 123.68 | 136.85 | 143.07 | 156.24 | 162.46 | 175.63 | 181.85 |
| Fibonacci | 138.01 | 145.41 | 149.99 | 157.40 | 164.80 | 169.38 | 176.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.49 | 156.51 | 170.23 | 179.25 | 192.97 | 201.99 | 215.71 |
| Camarilla | 177.70 | 179.78 | 181.87 | 183.95 | 186.04 | 188.12 | 190.20 |
| Woodie | 149.84 | 157.69 | 172.58 | 180.43 | 195.32 | 203.17 | 218.06 |
| Fibonacci | 156.51 | 165.20 | 170.56 | 179.25 | 187.94 | 193.30 | 201.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.38 | 89.93 | 130.81 | 162.36 | 203.24 | 234.79 | 275.67 |
| Camarilla | 151.78 | 158.42 | 165.06 | 171.70 | 178.34 | 184.98 | 191.62 |
| Woodie | 63.06 | 92.26 | 135.49 | 164.69 | 207.92 | 237.12 | 280.35 |
| Fibonacci | 89.93 | 117.60 | 134.69 | 162.36 | 190.03 | 207.12 | 234.79 |
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): | 30.98 | |
| MACD (12,26,9): | -3.7200 | |
| Directional Movement: | -20.80 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 151.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 157.55 | |
| Elder Ray (13): | -3.46 | |
| Super Trend (3,10): | 160.41 | |
| Zig ZAG (10): | 151.11 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 8.42 | |
| TEMA (21): | 150.62 | |
| Williams %R (14): | -97.21 | |
| Chande Momentum Oscillator (20): | -15.52 | |
| Repulse (5,40,3): | -1.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 13.25 |
| MA7: | 169.86 | |
| MA20: | 171.02 | |
| MA50: | 152.26 | |
| MA100: | 154.57 | |
| MAexp7: | 152.57 | |
| MAexp20: | 156.63 | |
| MAexp50: | 162.78 | |
| MAexp100: | 168.77 | |
| Price / MA7: | -10.63% | |
| Price / MA20: | -11.23% | |
| Price / MA50: | -0.30% | |
| Price / MA100: | -1.79% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -3.08% | |
| Price / MAexp50: | -6.74% | |
| Price / MAexp100: | -10.05% |
Quotes :
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Real time data
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