SOLANA - SOL/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SOLUSDT
ISIN:

SOLANA - SOL/USDT - Daily - Technical analysis published on 07/29/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 32.92 USDT

My targets

26.74 USDT (-13.83%)

24.66 USDT (-20.53%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SOLANA - SOL/USDT. As long as you are under the resistance located at 32.92 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 26.74 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 24.66 USDT as an objective. Crossing it would then enable sellers to target 17.19 USDT. If the resistance 32.92 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.5

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

Additional analysis

Quotes

The SOLANA - SOL/USDT rating is 31.03 USDT. On the day, this instrument gained +11.30% and was traded between 27.38 USDT and 31.85 USDT over the period. The price is currently at +13.33% from its lowest and -2.57% from its highest.

27.38

31.85

31.03

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of SOLANA - SOL/USDT in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.79	17.19	24.66	31.03	36.59	49.56	56.02
Change (%)	-58.78%	-44.60%	-20.53%	-	+17.92%	+59.72%	+80.53%
Change	-18.24	-13.84	-6.37	-	+5.56	+18.53	+24.99
Level	Minor	Minor	Major	-	Intermediate	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	25.93	26.67	27.27	28.01	28.61	29.35	29.95
Camarilla	27.51	27.63	27.76	27.88	28.00	28.13	28.25
Woodie	25.87	26.64	27.21	27.98	28.55	29.32	29.89
Fibonacci	26.67	27.18	27.50	28.01	28.52	28.84	29.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.66	19.39	24.01	26.74	31.36	34.09	38.71
Camarilla	26.61	27.28	27.96	28.63	29.30	29.98	30.65
Woodie	17.61	19.86	24.96	27.21	32.31	34.56	39.66
Fibonacci	19.39	22.20	23.93	26.74	29.55	31.28	34.09

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05	10.14	22.83	32.92	45.61	55.70	68.39
Camarilla	29.26	31.34	33.43	35.52	37.61	39.70	41.79
Woodie	1.35	10.79	24.13	33.57	46.91	56.35	69.69
Fibonacci	10.14	18.84	24.22	32.92	41.62	47.00	55.70

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):	46.07
MACD (12,26,9):	-1.1800
Directional Movement:	-5.56
AROON (14):	-35.71
DEMA (21):	26.95
Parabolic SAR (0,02-0,02-0,2):	22.65
Elder Ray (13):	-0.24
Super Trend (3,10):	32.22
Zig ZAG (10):	28.27
VORTEX (21):	0.9000
Stochastique (14,3,5):	64.82
TEMA (21):	27.13
Williams %R (14):	-30.54
Chande Momentum Oscillator (20):	1.53
Repulse (5,40,3):	1.6300
ROCnROLL:	-1
TRIX (15,9):	-0.7300
Courbe Coppock:	10.40

MA7:	28.25
MA20:	28.18
MA50:	31.92
MA100:	35.91
MAexp7:	27.98
MAexp20:	28.69
MAexp50:	30.97
MAexp100:	30.78
Price / MA7:	+9.84%
Price / MA20:	+10.11%
Price / MA50:	-2.79%
Price / MA100:	-13.59%
Price / MAexp7:	+10.90%
Price / MAexp20:	+8.16%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.81%

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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