SOLANA - SOL/USD - 1H - Technical analysis published on 01/26/2023 (GMT)
- 117
- 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:
Bullish
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 23.59 USD
My targets
25.53 USD (+4.20%)
26.51 USD (+8.20%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on SOLANA - SOL/USD as long as the price remains well above 23.59 USD. The buyers' bullish objective is set at 25.53 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.51 USD. If there is any crossing, the next objective would be the resistance located at 30.57 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.2
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USD price is 24.50 USD. The price is lower by -0.04% since the last closing and was between 23.82 USD and 25.21 USD. This implies that the price is at +2.85% from its lowest and at -2.82% from its highest.23.82
25.21
24.50
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
A technical analysis in 1H of this SOLANA - SOL/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
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 triangle
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 | 20.81 | 21.83 | 23.59 | 24.50 | 24.53 | 25.53 | 26.51 |
| Change (%) | -15.06% | -10.90% | -3.71% | - | +0.12% | +4.20% | +8.20% |
| Change | -3.69 | -2.67 | -0.91 | - | +0.03 | +1.03 | +2.01 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.59 | 20.93 | 22.72 | 24.06 | 25.85 | 27.19 | 28.98 |
| Camarilla | 23.65 | 23.94 | 24.22 | 24.51 | 24.80 | 25.08 | 25.37 |
| Woodie | 19.82 | 21.04 | 22.95 | 24.17 | 26.08 | 27.30 | 29.21 |
| Fibonacci | 20.93 | 22.13 | 22.86 | 24.06 | 25.26 | 25.99 | 27.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.10 | 17.77 | 21.17 | 23.84 | 27.24 | 29.91 | 33.31 |
| Camarilla | 22.90 | 23.46 | 24.01 | 24.57 | 25.13 | 25.68 | 26.24 |
| Woodie | 15.47 | 17.95 | 21.54 | 24.02 | 27.61 | 30.09 | 33.68 |
| Fibonacci | 17.77 | 20.09 | 21.52 | 23.84 | 26.16 | 27.59 | 29.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.03 | 4.01 | 6.99 | 10.97 | 13.95 | 17.93 | 20.91 |
| Camarilla | 8.05 | 8.68 | 9.32 | 9.96 | 10.60 | 11.24 | 11.87 |
| Woodie | -0.48 | 3.76 | 6.48 | 10.72 | 13.44 | 17.68 | 20.40 |
| Fibonacci | 4.01 | 6.67 | 8.32 | 10.97 | 13.63 | 15.28 | 17.93 |
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): | 52.01 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 7.76 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 24.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.14 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 23.52 | |
| Zig ZAG (10): | 24.44 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 52.91 | |
| TEMA (21): | 24.52 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.56 |
| MA7: | 24.34 | |
| MA20: | 20.87 | |
| MA50: | 15.68 | |
| MA100: | 18.31 | |
| MAexp7: | 24.46 | |
| MAexp20: | 24.41 | |
| MAexp50: | 24.25 | |
| MAexp100: | 24.16 | |
| Price / MA7: | +0.66% | |
| Price / MA20: | +17.39% | |
| Price / MA50: | +56.25% | |
| Price / MA100: | +33.81% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +1.03% | |
| Price / MAexp100: | +1.41% |
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