SOLANA - SOL/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	SOLUSD
ISIN:

SOLANA - SOL/USD - Daily - Technical analysis published on 12/03/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 230.61 USD

My targets

258.64 USD (+8.55%)

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 230.61 USD. The buyers' bullish objective is set at 258.64 USD. A bullish break in this resistance would boost the bullish momentum. 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 overbought items that could be a sign of a possible short-term correction.

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

7.7

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SOLANA - SOL/USD rating 238.26 USD. The price registered an increase of +1.90% on the session with the lowest point at 226.63 USD and the highest point at 238.46 USD. The deviation from the price is +5.13% for the low point and -0.08% for the high point.

226.63

238.46

238.26

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 Daily chart of SOLANA - SOL/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	144.92	191.70	230.61	238.26	258.64
Change (%)	-39.18%	-19.54%	-3.21%	-	+8.55%
Change	-93.34	-46.56	-7.65	-	+20.38
Level	Minor	Major	Minor	-	Intermediate

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	198.86	209.63	221.73	232.50	244.60	255.37	267.47
Camarilla	227.53	229.63	231.72	233.82	235.92	238.01	240.11
Woodie	199.52	209.96	222.39	232.83	245.26	255.70	268.13
Fibonacci	209.63	218.37	223.77	232.50	241.24	246.64	255.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	121.46	152.73	172.94	204.21	224.42	255.69	275.90
Camarilla	178.98	183.70	188.42	193.14	197.86	202.58	207.30
Woodie	115.92	149.97	167.40	201.45	218.88	252.93	270.36
Fibonacci	152.73	172.40	184.55	204.21	223.88	236.03	255.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.45	137.85	173.26	216.66	252.07	295.47	330.88
Camarilla	187.00	194.22	201.45	208.67	215.89	223.12	230.34
Woodie	90.46	135.85	169.27	214.66	248.08	293.47	326.89
Fibonacci	137.85	167.96	186.56	216.66	246.77	265.37	295.47

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):	58.89
MACD (12,26,9):	2.2700
Directional Movement:	-0.33
AROON (14):	28.57
DEMA (21):	220.47
Parabolic SAR (0,02-0,02-0,2):	190.34
Elder Ray (13):	14.17
Super Trend (3,10):	251.47
Zig ZAG (10):	236.54
VORTEX (21):	1.0100
Stochastique (14,3,5):	87.60
TEMA (21):	216.62
Williams %R (14):	-10.88
Chande Momentum Oscillator (20):	5.38
Repulse (5,40,3):	10.4000
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	1.19

MA7:	215.40
MA20:	216.38
MA50:	211.13
MA100:	178.65
MAexp7:	222.15
MAexp20:	217.43
MAexp50:	205.49
MAexp100:	175.52
Price / MA7:	+10.61%
Price / MA20:	+10.11%
Price / MA50:	+12.85%
Price / MA100:	+33.37%
Price / MAexp7:	+7.25%
Price / MAexp20:	+9.58%
Price / MAexp50:	+15.95%
Price / MAexp100:	+35.75%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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