SOLANA - SOL/USD - 1H - Technical analysis published on 10/28/2021 (GMT)
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- 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 bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 191.01 USD
My targets
205.47 USD (+3.61%)
214.86 USD (+8.34%)
My analysis
SOLANA - SOL/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 191.01 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 205.47 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 214.86 USD would then be the next bullish objective for buyers. Beware of a possible return to under the support located at 191.01 USD which would be the sign of a correction of the bullish excesses registered in the short term.
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
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USD price is 198.32 USD. The price has increased by +7.46% since the last closing and was traded between 181.86 USD and 199.33 USD over the period. The price is currently at +9.05% from its lowest and -0.51% from its highest.181.86
199.33
198.32
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 1H of this SOLANA - SOL/USD chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 178.09 | 185.38 | 191.01 | 198.32 | 205.47 | 214.86 |
| Change (%) | -10.20% | -6.52% | -3.69% | - | +3.61% | +8.34% |
| Change | -20.23 | -12.94 | -7.31 | - | +7.15 | +16.54 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.40 | 161.67 | 173.11 | 189.38 | 200.82 | 217.09 | 228.53 |
| Camarilla | 176.94 | 179.48 | 182.02 | 184.56 | 187.10 | 189.64 | 192.18 |
| Woodie | 143.00 | 160.46 | 170.71 | 188.17 | 198.42 | 215.88 | 226.13 |
| Fibonacci | 161.67 | 172.25 | 178.79 | 189.38 | 199.96 | 206.50 | 217.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.43 | 126.79 | 162.23 | 188.59 | 224.03 | 250.39 | 285.83 |
| Camarilla | 180.68 | 186.34 | 192.01 | 197.67 | 203.34 | 209.00 | 214.67 |
| Woodie | 104.97 | 129.06 | 166.77 | 190.86 | 228.57 | 252.66 | 290.37 |
| Fibonacci | 126.79 | 150.40 | 164.98 | 188.59 | 212.20 | 226.78 | 250.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.10 | 57.97 | 99.64 | 157.71 | 199.38 | 257.45 | 299.12 |
| Camarilla | 113.89 | 123.03 | 132.18 | 141.32 | 150.46 | 159.61 | 168.75 |
| Woodie | -8.29 | 53.87 | 91.45 | 153.61 | 191.19 | 253.35 | 290.93 |
| Fibonacci | 57.97 | 96.07 | 119.61 | 157.71 | 195.81 | 219.35 | 257.45 |
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): | 59.23 | |
| MACD (12,26,9): | 0.9000 | |
| Directional Movement: | 7.44 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 192.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 184.74 | |
| Elder Ray (13): | 4.12 | |
| Super Trend (3,10): | 198.27 | |
| Zig ZAG (10): | 197.32 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 88.94 | |
| TEMA (21): | 196.34 | |
| Williams %R (14): | -7.38 | |
| Chande Momentum Oscillator (20): | 10.49 | |
| Repulse (5,40,3): | 2.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 9.20 |
| MA7: | 198.29 | |
| MA20: | 172.36 | |
| MA50: | 161.80 | |
| MA100: | 114.93 | |
| MAexp7: | 195.64 | |
| MAexp20: | 192.89 | |
| MAexp50: | 194.96 | |
| MAexp100: | 196.43 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +15.06% | |
| Price / MA50: | +22.57% | |
| Price / MA100: | +72.56% | |
| Price / MAexp7: | +1.37% | |
| Price / MAexp20: | +2.82% | |
| Price / MAexp50: | +1.72% | |
| Price / MAexp100: | +0.96% |
Quotes :
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Real time data
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