SOLANA - SOL/USD - 1H - Technical analysis published on 09/23/2021 (GMT)
- 158
- 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
78%
0%
22%
My opinion
Bullish above 146.90 USD
My targets
152.13 USD (+1.41%)
157.99 USD (+5.31%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOLANA - SOL/USD as long as the price remains well above 146.90 USD. The buyers' bullish objective is set at 152.13 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 157.99 USD. If there is any crossing, the next objective would be the resistance located at 164.59 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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 Currenciesboost. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USD price is 150.02 USD. On the day, this instrument gained +1.24% and was between 143.68 USD and 152.43 USD. This implies that the price is at +4.41% from its lowest and at -1.58% from its highest.143.68
152.43
150.02
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/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SOLANA - SOL/USD chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 125.06 | 134.99 | 146.90 | 150.02 | 152.13 | 157.99 | 164.59 |
| Change (%) | -16.64% | -10.02% | -2.08% | - | +1.41% | +5.31% | +9.71% |
| Change | -24.96 | -15.03 | -3.12 | - | +2.11 | +7.97 | +14.57 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | 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 | 99.83 | 111.01 | 129.59 | 140.77 | 159.35 | 170.53 | 189.11 |
| Camarilla | 140.00 | 142.72 | 145.45 | 148.18 | 150.91 | 153.64 | 156.36 |
| Woodie | 103.54 | 112.86 | 133.30 | 142.62 | 163.06 | 172.38 | 192.82 |
| Fibonacci | 111.01 | 122.38 | 129.40 | 140.77 | 152.14 | 159.16 | 170.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.80 | 115.39 | 142.38 | 161.97 | 188.96 | 208.55 | 235.54 |
| Camarilla | 156.55 | 160.82 | 165.09 | 169.36 | 173.63 | 177.90 | 182.17 |
| Woodie | 99.49 | 117.24 | 146.07 | 163.82 | 192.65 | 210.40 | 239.23 |
| Fibonacci | 115.39 | 133.19 | 144.18 | 161.97 | 179.77 | 190.76 | 208.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -41.88 | -3.18 | 52.58 | 91.28 | 147.04 | 185.74 | 241.50 |
| Camarilla | 82.36 | 91.02 | 99.68 | 108.34 | 117.00 | 125.66 | 134.32 |
| Woodie | -33.35 | 1.09 | 61.11 | 95.55 | 155.57 | 190.01 | 250.03 |
| Fibonacci | -3.18 | 32.90 | 55.20 | 91.28 | 127.36 | 149.66 | 185.74 |
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): | 69.50 | |
| MACD (12,26,9): | 3.9600 | |
| Directional Movement: | 17.59 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 150.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 145.97 | |
| Elder Ray (13): | 4.09 | |
| Super Trend (3,10): | 140.61 | |
| Zig ZAG (10): | 151.85 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 85.31 | |
| TEMA (21): | 152.55 | |
| Williams %R (14): | -16.53 | |
| Chande Momentum Oscillator (20): | 4.05 | |
| Repulse (5,40,3): | 0.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4200 | |
| Courbe Coppock: | 10.85 |
| MA7: | 146.24 | |
| MA20: | 159.71 | |
| MA50: | 106.52 | |
| MA100: | 69.00 | |
| MAexp7: | 148.86 | |
| MAexp20: | 145.19 | |
| MAexp50: | 141.26 | |
| MAexp100: | 142.65 | |
| Price / MA7: | +2.58% | |
| Price / MA20: | -6.07% | |
| Price / MA50: | +40.84% | |
| Price / MA100: | +117.42% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +3.33% | |
| Price / MAexp50: | +6.20% | |
| Price / MAexp100: | +5.17% |
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/USD - 1H