SOLANA - SOL/USDT - 1H - Technical analysis published on 12/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
28%
17%
My opinion
Bearish under 201.93 USDT
My targets
184.82 USDT (-1.74%)
164.29 USDT (-12.65%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOLANA - SOL/USDT as long as the price remains well below 201.93 USDT. The next bearish objective for sellers is set at 184.82 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 164.29 USDT. If there is any crossing, the next objective would be the support located at 158.14 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by adhemar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOLANA - SOL/USDT rating 188.09 USDT. The price registered a decrease of -3.52% on the session and was traded between 176.17 USDT and 199.54 USDT over the period. The price is currently at +6.77% from its lowest and -5.74% from its highest.176.17
199.54
188.09
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOLANA - SOL/USDT:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SOLANA - SOL/USDT chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 10 are bullish, 3 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 125.38 | 158.14 | 184.82 | 188.09 | 188.34 | 202.47 | 213.67 |
| Change (%) | -33.34% | -15.92% | -1.74% | - | +0.13% | +7.65% | +13.60% |
| Change | -62.71 | -29.95 | -3.27 | - | +0.25 | +14.38 | +25.58 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.11 | 174.72 | 184.84 | 198.45 | 208.57 | 222.18 | 232.30 |
| Camarilla | 188.42 | 190.60 | 192.78 | 194.95 | 197.13 | 199.30 | 201.48 |
| Woodie | 159.36 | 173.85 | 183.09 | 197.58 | 206.82 | 221.31 | 230.55 |
| Fibonacci | 174.72 | 183.79 | 189.39 | 198.45 | 207.52 | 213.12 | 222.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 164.29 | 184.07 | 201.93 | 221.71 | 239.57 | 259.35 | 277.21 |
| Camarilla | 209.45 | 212.90 | 216.35 | 219.80 | 223.25 | 226.70 | 230.15 |
| Woodie | 163.34 | 183.59 | 200.98 | 221.23 | 238.62 | 258.87 | 276.26 |
| Fibonacci | 184.07 | 198.45 | 207.33 | 221.71 | 236.09 | 244.97 | 259.35 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.56 | 109.85 | 173.72 | 219.01 | 282.88 | 328.17 | 392.04 |
| Camarilla | 207.58 | 217.59 | 227.59 | 237.60 | 247.61 | 257.61 | 267.62 |
| Woodie | 73.86 | 114.50 | 183.02 | 223.66 | 292.18 | 332.82 | 401.34 |
| Fibonacci | 109.85 | 151.55 | 177.31 | 219.01 | 260.71 | 286.47 | 328.17 |
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): | 44.22 | |
| MACD (12,26,9): | -4.7000 | |
| Directional Movement: | -16.03 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 183.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 176.69 | |
| Elder Ray (13): | 0.52 | |
| Super Trend (3,10): | 194.83 | |
| Zig ZAG (10): | 188.50 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 52.29 | |
| TEMA (21): | 183.47 | |
| Williams %R (14): | -47.24 | |
| Chande Momentum Oscillator (20): | -8.23 | |
| Repulse (5,40,3): | 2.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 9.99 |
| MA7: | 210.50 | |
| MA20: | 222.82 | |
| MA50: | 219.12 | |
| MA100: | 185.62 | |
| MAexp7: | 186.74 | |
| MAexp20: | 190.43 | |
| MAexp50: | 198.91 | |
| MAexp100: | 206.35 | |
| Price / MA7: | -10.65% | |
| Price / MA20: | -15.59% | |
| Price / MA50: | -14.16% | |
| Price / MA100: | +1.33% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | -1.23% | |
| Price / MAexp50: | -5.44% | |
| Price / MAexp100: | -8.85% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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