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SOLANA - SOL/USDT
SOLANA - SOL/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: SOLUSDT
ISIN:

SOLANA - SOL/USDT - 1H - Technical analysis published on 10/05/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
22%
39%
39%
My opinion
Bearish under 172.31 USDT
My targets
162.60 USDT (-1.75%)
149.88 USDT (-9.43%)
My analysis
The current short-term bearish acceleration registered on SOLANA - SOL/USDT should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 172.31 USDT. Short-term sellers will use the support located at 162.60 USDT as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 149.88 USDT. Crossing this support would then open the door for sellers to target 139.92 USDT. Caution, if there is a return to below 172.31 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
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.

kaka8787
This analysis was given by kaka8787. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SOLANA - SOL/USDT rating is 165.49 USDT. On the day, this instrument lost -0.96% and was between 164.39 USDT and 170.03 USDT. This implies that the price is at +0.67% from its lowest and at -2.67% from its highest.

164.39
170.03
165.49

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of SOLANA - SOL/USDT in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 139.92 149.88 162.60 165.49 172.31 177.52 191.11
Change (%) -15.45% -9.43% -1.75% - +4.12% +7.27% +15.48%
Change -25.57 -15.61 -2.89 - +6.82 +12.03 +25.62
Level Minor Intermediate Intermediate - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard151.81157.20162.15167.54172.49177.88182.83
Camarilla164.25165.19166.14167.09168.04168.99169.93
Woodie151.58157.09161.92167.43172.26177.77182.60
Fibonacci157.20161.15163.59167.54171.49173.93177.88


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard87.60106.27137.61156.28187.62206.29237.63
Camarilla155.21159.79164.38168.96173.54178.13182.71
Woodie93.95109.44143.96159.45193.97209.46243.98
Fibonacci106.27125.37137.17156.28175.38187.18206.29


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-16.6644.6692.99154.31202.64263.96312.29
Camarilla111.18121.23131.28141.33151.38161.43171.48
Woodie-23.1541.4186.51151.06196.16260.71305.81
Fibonacci44.6686.54112.42154.31196.19222.07263.96

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): 45.04
MACD (12,26,9): -0.6200
Directional Movement: -0.78
AROON (14): -14.28
DEMA (21): 167.52
Parabolic SAR (0,02-0,02-0,2): 163.86
Elder Ray (13): 0.06
Super Trend (3,10): 175.60
Zig ZAG (10): 166.09
VORTEX (21): 1.0200
Stochastique (14,3,5): 50.99
TEMA (21): 167.05
Williams %R (14): -56.05
Chande Momentum Oscillator (20): -4.60
Repulse (5,40,3): -0.9500
ROCnROLL: 2
TRIX (15,9): -0.0600
Courbe Coppock: 0.00
MA7: 159.10
MA20: 148.49
MA50: 131.95
MA100: 83.00
MAexp7: 167.43
MAexp20: 168.31
MAexp50: 167.83
MAexp100: 162.97
Price / MA7: +4.02%
Price / MA20: +11.45%
Price / MA50: +25.42%
Price / MA100: +99.39%
Price / MAexp7: -1.16%
Price / MAexp20: -1.68%
Price / MAexp50: -1.39%
Price / MAexp100: +1.55%

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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Londinia
Londinia AI

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