SOLANA - SOL/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	SOLUSD
ISIN:

SOLANA - SOL/USD - 1H - Technical analysis published on 04/06/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

17%

50%

My opinion

Bearish under 177.58 USD

My targets

172.67 USD (-0.79%)

168.04 USD (-3.45%)

My analysis

SOLANA - SOL/USD 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 177.58 USD. The next support located at 172.67 USD 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 168.04 USD. Below this support, sellers could then target 120.96 USD. 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.5

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

Additional analysis

Quotes

The SOLANA - SOL/USD rating is 174.04 USD. The price is lower by -0.25% since the last closing and was traded between 173.67 USD and 176.59 USD over the period. The price is currently at +0.21% from its lowest and -1.44% from its highest.

173.67

176.59

174.04

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:

Technical

Technical analysis of SOLANA - SOL/USD in 1H shows a overall strongly 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.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	120.96	168.04	172.67	174.04	177.58	183.37	191.01
Change (%)	-30.50%	-3.45%	-0.79%	-	+2.03%	+5.36%	+9.75%
Change	-53.08	-6.00	-1.37	-	+3.54	+9.33	+16.97
Level	Major	Major	Intermediate	-	Intermediate	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	149.54	158.79	166.63	175.88	183.72	192.97	200.81
Camarilla	169.77	171.34	172.90	174.47	176.04	177.60	179.17
Woodie	148.84	158.44	165.93	175.53	183.02	192.62	200.11
Fibonacci	158.79	165.32	169.35	175.88	182.41	186.44	192.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	148.46	159.95	177.12	188.61	205.78	217.27	234.44
Camarilla	186.41	189.04	191.66	194.29	196.92	199.54	202.17
Woodie	151.30	161.37	179.96	190.03	208.62	218.69	237.28
Fibonacci	159.95	170.90	177.66	188.61	199.56	206.32	217.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.36	70.95	136.76	173.35	239.16	275.75	341.56
Camarilla	174.41	183.80	193.18	202.57	211.96	221.34	230.73
Woodie	48.97	78.26	151.37	180.66	253.77	283.06	356.17
Fibonacci	70.95	110.07	134.23	173.35	212.47	236.63	275.75

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):	44.41
MACD (12,26,9):	-1.2900
Directional Movement:	-1.49
AROON (14):	14.29
DEMA (21):	173.58
Parabolic SAR (0,02-0,02-0,2):	171.73
Elder Ray (13):	-0.09
Super Trend (3,10):	179.86
Zig ZAG (10):	175.01
VORTEX (21):	1.0300
Stochastique (14,3,5):	69.83
TEMA (21):	174.22
Williams %R (14):	-38.35
Chande Momentum Oscillator (20):	-1.00
Repulse (5,40,3):	-0.4000
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	1.73

MA7:	184.99
MA20:	185.28
MA50:	153.80
MA100:	126.53
MAexp7:	174.88
MAexp20:	175.61
MAexp50:	178.85
MAexp100:	182.32
Price / MA7:	-5.92%
Price / MA20:	-6.07%
Price / MA50:	+13.16%
Price / MA100:	+37.55%
Price / MAexp7:	-0.48%
Price / MAexp20:	-0.89%
Price / MAexp50:	-2.69%
Price / MAexp100:	-4.54%

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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