SOLANA (X100) - SOL/BTC - Daily - Technical analysis published on 02/10/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.284148 BTC
My targets
0.242009 BTC (-5.49%)
0.206122 BTC (-19.51%)
My analysis
SOLANA (X100) - SOL/BTC 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 0.284148 BTC. The next support located at 0.242009 BTC 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 0.206122 BTC. Below this support, sellers could then target 0.162800 BTC. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOLANA (X100) - SOL/BTC rating 0.256079 BTC. On the day, this instrument lost -0.28% and was traded between 0.255396 BTC and 0.257991 BTC over the period. The price is currently at +0.27% from its lowest and -0.74% from its highest.0.255396
0.257991
0.256079
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this SOLANA (X100) - SOL/BTC chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
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 | 0.083710 | 0.162800 | 0.242009 | 0.256079 | 0.284148 | 0.331975 | 0.417521 |
| Change (%) | -67.31% | -36.43% | -5.49% | - | +10.96% | +29.64% | +63.04% |
| Change | -0.172369 | -0.093279 | -0.014070 | - | +0.028069 | +0.075896 | +0.161442 |
| Level | Minor | Minor | Major | - | Minor | Minor | Major |
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 | 0.241945 | 0.247679 | 0.252233 | 0.257967 | 0.262521 | 0.268255 | 0.272809 |
| Camarilla | 0.253959 | 0.254902 | 0.255845 | 0.256788 | 0.257731 | 0.258674 | 0.259617 |
| Woodie | 0.241356 | 0.247384 | 0.251644 | 0.257672 | 0.261932 | 0.267960 | 0.272220 |
| Fibonacci | 0.247679 | 0.251609 | 0.254037 | 0.257967 | 0.261897 | 0.264325 | 0.268255 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.190328 | 0.216225 | 0.245567 | 0.271464 | 0.300806 | 0.326703 | 0.356045 |
| Camarilla | 0.259719 | 0.264783 | 0.269846 | 0.274910 | 0.279974 | 0.285037 | 0.290101 |
| Woodie | 0.192052 | 0.217086 | 0.247291 | 0.272325 | 0.302530 | 0.327564 | 0.357769 |
| Fibonacci | 0.216225 | 0.237326 | 0.250362 | 0.271464 | 0.292565 | 0.305601 | 0.326703 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.067712 | 0.153345 | 0.206122 | 0.291755 | 0.344532 | 0.430165 | 0.482942 |
| Camarilla | 0.220837 | 0.233525 | 0.246212 | 0.258900 | 0.271588 | 0.284275 | 0.296963 |
| Woodie | 0.051285 | 0.145131 | 0.189695 | 0.283541 | 0.328105 | 0.421951 | 0.466515 |
| Fibonacci | 0.153345 | 0.206217 | 0.238882 | 0.291755 | 0.344627 | 0.377292 | 0.430165 |
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): | 36.67 | |
| MACD (12,26,9): | -0.0144 | |
| Directional Movement: | -5.715747 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.251788 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.296481 | |
| Elder Ray (13): | -0.009297 | |
| Super Trend (3,10): | 0.305719 | |
| Zig ZAG (10): | 0.255964 | |
| VORTEX (21): | 0.8692 | |
| Stochastique (14,3,5): | 29.87 | |
| TEMA (21): | 0.254227 | |
| Williams %R (14): | -72.38 | |
| Chande Momentum Oscillator (20): | 0.003656 | |
| Repulse (5,40,3): | -5.3330 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8600 | |
| Courbe Coppock: | 5.60 |
| MA7: | 0.265034 | |
| MA20: | 0.261537 | |
| MA50: | 0.315632 | |
| MA100: | 0.344034 | |
| MAexp7: | 0.262111 | |
| MAexp20: | 0.272987 | |
| MAexp50: | 0.301516 | |
| MAexp100: | 0.311812 | |
| Price / MA7: | -3.38% | |
| Price / MA20: | -2.09% | |
| Price / MA50: | -18.87% | |
| Price / MA100: | -25.57% | |
| Price / MAexp7: | -2.30% | |
| Price / MAexp20: | -6.19% | |
| Price / MAexp50: | -15.07% | |
| Price / MAexp100: | -17.87% |
Quotes :
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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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