SOLANA - SOL/USDT - 1H - Technical analysis published on 10/01/2024 (GMT)
- 133
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 153.62 USDT
My targets
160.67 USDT (+2.29%)
173.71 USDT (+10.59%)
My analysis
SOLANA - SOL/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 153.62 USDT. The next resistance located at 160.67 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 173.71 USDT. After this resistance, buyers could then target 185.50 USDT.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.3
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 chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOLANA - SOL/USDT rating 157.07 USDT. On the day, this instrument gained +2.99% and was between 151.50 USDT and 157.34 USDT. This implies that the price is at +3.68% from its lowest and at -0.17% from its highest.151.50
157.34
157.07
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SOLANA - SOL/USDT in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 146.59 | 148.91 | 153.62 | 157.07 | 158.00 | 160.67 | 173.71 |
| Change (%) | -6.67% | -5.20% | -2.20% | - | +0.59% | +2.29% | +10.59% |
| Change | -10.48 | -8.16 | -3.45 | - | +0.93 | +3.60 | +16.64 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 141.59 | 146.68 | 149.59 | 154.68 | 157.59 | 162.68 | 165.59 |
| Camarilla | 150.31 | 151.04 | 151.78 | 152.51 | 153.24 | 153.98 | 154.71 |
| Woodie | 140.51 | 146.14 | 148.51 | 154.14 | 156.51 | 162.14 | 164.51 |
| Fibonacci | 146.68 | 149.73 | 151.62 | 154.68 | 157.73 | 159.62 | 162.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.69 | 132.93 | 144.84 | 153.08 | 164.99 | 173.23 | 185.14 |
| Camarilla | 151.21 | 153.06 | 154.90 | 156.75 | 158.60 | 160.44 | 162.29 |
| Woodie | 126.53 | 133.85 | 146.68 | 154.00 | 166.83 | 174.15 | 186.98 |
| Fibonacci | 132.93 | 140.63 | 145.38 | 153.08 | 160.78 | 165.53 | 173.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.12 | 103.90 | 128.20 | 144.98 | 169.28 | 186.06 | 210.36 |
| Camarilla | 141.21 | 144.98 | 148.74 | 152.51 | 156.28 | 160.04 | 163.81 |
| Woodie | 90.89 | 105.78 | 131.97 | 146.86 | 173.05 | 187.94 | 214.13 |
| Fibonacci | 103.90 | 119.59 | 129.28 | 144.98 | 160.67 | 170.36 | 186.06 |
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): | 57.38 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | 0.57 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 156.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 152.26 | |
| Elder Ray (13): | 1.07 | |
| Super Trend (3,10): | 157.99 | |
| Zig ZAG (10): | 157.08 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 94.22 | |
| TEMA (21): | 156.60 | |
| Williams %R (14): | -6.05 | |
| Chande Momentum Oscillator (20): | 4.46 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.86 |
| MA7: | 155.12 | |
| MA20: | 145.40 | |
| MA50: | 142.22 | |
| MA100: | 147.90 | |
| MAexp7: | 156.55 | |
| MAexp20: | 155.99 | |
| MAexp50: | 156.12 | |
| MAexp100: | 155.72 | |
| Price / MA7: | +1.26% | |
| Price / MA20: | +8.03% | |
| Price / MA50: | +10.44% | |
| Price / MA100: | +6.20% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +0.61% | |
| Price / MAexp100: | +0.87% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SOLANA - SOL/USDT - 1H