SOLANA - SOL/EUR - 1H - Technical analysis published on 01/19/2023 (GMT)
- 161
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 20.72 EUR
My targets
19.10 EUR (-1.75%)
19.08 EUR (-1.85%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOLANA - SOL/EUR as long as the price remains well below 20.72 EUR. The sellers' bearish objective is set at 19.10 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.08 EUR. In case of crossing, the next objective would be the support located at 15.74 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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 paradise414. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOLANA - SOL/EUR rating 19.44 EUR. On the day, this instrument gained +0.88% and was between 18.91 EUR and 20.16 EUR. This implies that the price is at +2.80% from its lowest and at -3.57% from its highest.18.91
20.16
19.44
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of SOLANA - SOL/EUR indicates that the overall trend is strongly bearish. 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.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 14.54 | 15.74 | 19.10 | 19.44 | 20.72 | 21.71 | 22.99 |
| Change (%) | -25.21% | -19.03% | -1.75% | - | +6.58% | +11.68% | +18.26% |
| Change | -4.90 | -3.70 | -0.34 | - | +1.28 | +2.27 | +3.55 |
| Level | Minor | Major | Minor | - | Intermediate | 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 | 15.73 | 17.42 | 18.34 | 20.03 | 20.95 | 22.64 | 23.56 |
| Camarilla | 18.55 | 18.79 | 19.03 | 19.27 | 19.51 | 19.75 | 19.99 |
| Woodie | 15.36 | 17.23 | 17.97 | 19.84 | 20.58 | 22.45 | 23.19 |
| Fibonacci | 17.42 | 18.41 | 19.03 | 20.03 | 21.02 | 21.64 | 22.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.69 | 8.39 | 15.38 | 19.08 | 26.07 | 29.77 | 36.76 |
| Camarilla | 19.43 | 20.41 | 21.39 | 22.37 | 23.35 | 24.33 | 25.31 |
| Woodie | 6.34 | 9.21 | 17.03 | 19.90 | 27.72 | 30.59 | 38.41 |
| Fibonacci | 8.39 | 12.47 | 15.00 | 19.08 | 23.16 | 25.69 | 29.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.14 | 3.85 | 6.57 | 10.28 | 13.00 | 16.71 | 19.43 |
| Camarilla | 7.52 | 8.11 | 8.70 | 9.29 | 9.88 | 10.47 | 11.06 |
| Woodie | -0.36 | 3.60 | 6.08 | 10.03 | 12.51 | 16.46 | 18.94 |
| Fibonacci | 3.85 | 6.31 | 7.82 | 10.28 | 12.74 | 14.25 | 16.71 |
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): | 34.57 | |
| MACD (12,26,9): | -0.3200 | |
| Directional Movement: | -22.84 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 19.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.77 | |
| Elder Ray (13): | -0.27 | |
| Super Trend (3,10): | 20.11 | |
| Zig ZAG (10): | 19.22 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 19.63 | |
| TEMA (21): | 19.22 | |
| Williams %R (14): | -78.40 | |
| Chande Momentum Oscillator (20): | -0.45 | |
| Repulse (5,40,3): | -1.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 2.32 |
| MA7: | 20.25 | |
| MA20: | 15.42 | |
| MA50: | 13.30 | |
| MA100: | 18.31 | |
| MAexp7: | 19.39 | |
| MAexp20: | 19.71 | |
| MAexp50: | 20.28 | |
| MAexp100: | 20.33 | |
| Price / MA7: | -4.00% | |
| Price / MA20: | +26.07% | |
| Price / MA50: | +46.17% | |
| Price / MA100: | +6.17% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | -1.37% | |
| Price / MAexp50: | -4.14% | |
| Price / MAexp100: | -4.38% |
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/EUR - 1H