SOLANA - SOL/USD - 1H - Technical analysis published on 04/06/2024 (GMT)
- 124
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 183.37 USD
My targets
172.67 USD (-2.53%)
168.04 USD (-5.14%)
My analysis
In a bearish trend, the price of SOLANA - SOL/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 183.37 USD. A bearish break in the support located at 172.67 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 168.04 USD. Then 120.96 USD by extension. It would be safer to wait for a bearish break in the support located at 172.67 USD before allowing yourself to re trade short positions (for sale) on SOLANA - SOL/USD. PS: if there is a bullish break in the resistance located at 183.37 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5
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Additional analysis
Quotes
SOLANA - SOL/USD rating 177.15 USD. On the day, this instrument gained +1.54% with the lowest point at 173.66 USD and the highest point at 178.91 USD. The deviation from the price is +2.01% for the low point and -0.98% for the high point.173.66
178.91
177.15
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
A technical analysis in 1H of this SOLANA - SOL/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 120.96 | 168.04 | 172.67 | 177.15 | 177.58 | 183.37 | 191.01 |
| Change (%) | -31.72% | -5.14% | -2.53% | - | +0.24% | +3.51% | +7.82% |
| Change | -56.19 | -9.11 | -4.48 | - | +0.43 | +6.22 | +13.86 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation 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 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): | 53.81 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | 6.32 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 176.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 174.24 | |
| Elder Ray (13): | 0.60 | |
| Super Trend (3,10): | 179.79 | |
| Zig ZAG (10): | 177.21 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 67.98 | |
| TEMA (21): | 177.53 | |
| Williams %R (14): | -32.81 | |
| Chande Momentum Oscillator (20): | -0.79 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.54 |
| MA7: | 185.33 | |
| MA20: | 185.41 | |
| MA50: | 153.84 | |
| MA100: | 126.55 | |
| MAexp7: | 176.98 | |
| MAexp20: | 176.56 | |
| MAexp50: | 177.72 | |
| MAexp100: | 180.55 | |
| Price / MA7: | -4.41% | |
| Price / MA20: | -4.45% | |
| Price / MA50: | +15.15% | |
| Price / MA100: | +39.98% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.33% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -1.88% |
Quotes :
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Real time data
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