SOLANA - SOL/USDT - 1H - Technical analysis published on 05/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 51.99 USDT
My targets
48.33 USDT (-2.97%)
45.98 USDT (-7.69%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOLANA - SOL/USDT as long as the price remains well below 51.99 USDT. The sellers' bearish objective is set at 48.33 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 45.98 USDT. In case of crossing, the next objective would be the support located at 41.57 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1
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This analysis was given by Addareea. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOLANA - SOL/USDT rating 49.81 USDT. The price registered a decrease of -4.56% on the session and was traded between 49.51 USDT and 53.59 USDT over the period. The price is currently at +0.61% from its lowest and -7.05% from its highest.49.51
53.59
49.81
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOLANA - SOL/USDT:
Technical
A technical analysis in 1H of this SOLANA - SOL/USDT chart shows a sharp bearish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 41.57 | 45.98 | 48.33 | 49.81 | 51.99 | 53.94 | 56.02 |
| Change (%) | -16.54% | -7.69% | -2.97% | - | +4.38% | +8.29% | +12.47% |
| Change | -8.24 | -3.83 | -1.48 | - | +2.18 | +4.13 | +6.21 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43.27 | 45.79 | 48.99 | 51.51 | 54.71 | 57.23 | 60.43 |
| Camarilla | 50.62 | 51.14 | 51.67 | 52.19 | 52.71 | 53.24 | 53.76 |
| Woodie | 43.61 | 45.96 | 49.33 | 51.68 | 55.05 | 57.40 | 60.77 |
| Fibonacci | 45.79 | 47.98 | 49.33 | 51.51 | 53.70 | 55.05 | 57.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -8.32 | 14.59 | 33.50 | 56.41 | 75.32 | 98.23 | 117.14 |
| Camarilla | 40.91 | 44.74 | 48.58 | 52.41 | 56.24 | 60.08 | 63.91 |
| Woodie | -10.32 | 13.59 | 31.50 | 55.41 | 73.32 | 97.23 | 115.14 |
| Fibonacci | 14.59 | 30.57 | 40.44 | 56.41 | 72.39 | 82.26 | 98.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.30 | 48.85 | 68.32 | 105.87 | 125.34 | 162.89 | 182.36 |
| Camarilla | 72.10 | 77.33 | 82.55 | 87.78 | 93.01 | 98.23 | 103.46 |
| Woodie | 2.25 | 44.33 | 59.27 | 101.35 | 116.29 | 158.37 | 173.31 |
| Fibonacci | 48.85 | 70.64 | 84.09 | 105.87 | 127.66 | 141.11 | 162.89 |
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): | 36.98 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -12.66 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 51.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.52 | |
| Elder Ray (13): | -1.79 | |
| Super Trend (3,10): | 49.53 | |
| Zig ZAG (10): | 49.65 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 20.53 | |
| TEMA (21): | 51.62 | |
| Williams %R (14): | -97.30 | |
| Chande Momentum Oscillator (20): | -1.89 | |
| Repulse (5,40,3): | -4.5900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.50 |
| MA7: | 53.40 | |
| MA20: | 66.16 | |
| MA50: | 91.15 | |
| MA100: | 92.18 | |
| MAexp7: | 51.36 | |
| MAexp20: | 51.80 | |
| MAexp50: | 52.09 | |
| MAexp100: | 52.69 | |
| Price / MA7: | -6.72% | |
| Price / MA20: | -24.71% | |
| Price / MA50: | -45.35% | |
| Price / MA100: | -45.96% | |
| Price / MAexp7: | -3.02% | |
| Price / MAexp20: | -3.84% | |
| Price / MAexp50: | -4.38% | |
| Price / MAexp100: | -5.47% |
Quotes :
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Real time data
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