SOLANA - SOL/USDT - Daily - Technical analysis published on 08/03/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 172.93 USDT
My targets
142.30 USDT (-6.42%)
126.76 USDT (-16.64%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade SOLANA - SOL/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 172.93 USDT. The next bearish objective for sellers is set at 142.30 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 126.76 USDT. In case of crossing, the next objective would be the support located at 101.76 USDT. In the event of a bullish break in the resistance located at 172.93 USDT a certain indecision would take hold.
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
3.4
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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 price is 152.06 USDT. On the day, this instrument lost -0.46% with the lowest point at 148.76 USDT and the highest point at 154.02 USDT. The deviation from the price is +2.22% for the low point and -1.27% for the high point.148.76
154.02
152.06
Here is a more detailed summary of the historical variations registered by SOLANA - SOL/USDT:
Technical
Technical analysis of SOLANA - SOL/USDT in Daily shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 101.76 | 126.76 | 142.30 | 152.06 | 172.93 | 186.70 | 202.47 |
| Change (%) | -33.08% | -16.64% | -6.42% | - | +13.72% | +22.78% | +33.15% |
| Change | -50.30 | -25.30 | -9.76 | - | +20.87 | +34.64 | +50.41 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.13 | |
| MACD (12,26,9): | 3.1500 | |
| Directional Movement: | -6.24 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 172.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 187.63 | |
| Elder Ray (13): | -15.79 | |
| Super Trend (3,10): | 184.98 | |
| Zig ZAG (10): | 151.17 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 12.38 | |
| TEMA (21): | 170.92 | |
| Williams %R (14): | -98.81 | |
| Chande Momentum Oscillator (20): | -28.36 | |
| Repulse (5,40,3): | -13.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.7000 | |
| Courbe Coppock: | 4.51 |
| MA7: | 169.86 | |
| MA20: | 171.02 | |
| MA50: | 152.26 | |
| MA100: | 154.57 | |
| MAexp7: | 164.82 | |
| MAexp20: | 166.47 | |
| MAexp50: | 159.72 | |
| MAexp100: | 154.58 | |
| Price / MA7: | -10.48% | |
| Price / MA20: | -11.09% | |
| Price / MA50: | -0.13% | |
| Price / MA100: | -1.62% | |
| Price / MAexp7: | -7.74% | |
| Price / MAexp20: | -8.66% | |
| Price / MAexp50: | -4.80% | |
| Price / MAexp100: | -1.63% |
Quotes :
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Real time data
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