SOLANA - SOL/USDT - 1H - Technical analysis published on 06/07/2023 (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:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 20.12 USDT
My targets
19.70 USDT (-0.81%)
19.22 USDT (-3.22%)
My analysis
The bearish trend is currently very strong for SOLANA - SOL/USDT. As long as the price remains below the resistance at 20.12 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 19.70 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 19.22 USDT as an objective. Crossing it would then enable sellers to target 14.23 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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Additional analysis
Quotes
The SOLANA - SOL/USDT rating is 19.86 USDT. The price registered a decrease of -2.55% on the session and was traded between 19.58 USDT and 20.52 USDT over the period. The price is currently at +1.43% from its lowest and -3.22% from its highest.19.58
20.52
19.86
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SOLANA - SOL/USDT in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.23 | 19.22 | 19.70 | 19.86 | 20.12 | 20.38 | 21.13 |
| Change (%) | -28.35% | -3.22% | -0.81% | - | +1.31% | +2.62% | +6.39% |
| Change | -5.63 | -0.64 | -0.16 | - | +0.26 | +0.52 | +1.27 |
| Level | Intermediate | Major | Minor | - | Minor | 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 | 18.05 | 18.65 | 19.51 | 20.11 | 20.97 | 21.57 | 22.43 |
| Camarilla | 19.98 | 20.11 | 20.25 | 20.38 | 20.51 | 20.65 | 20.78 |
| Woodie | 18.19 | 18.72 | 19.65 | 20.18 | 21.11 | 21.64 | 22.57 |
| Fibonacci | 18.65 | 19.20 | 19.55 | 20.11 | 20.66 | 21.01 | 21.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.37 | 19.82 | 20.50 | 20.95 | 21.63 | 22.08 | 22.76 |
| Camarilla | 20.88 | 20.98 | 21.09 | 21.19 | 21.29 | 21.40 | 21.50 |
| Woodie | 19.50 | 19.88 | 20.63 | 21.01 | 21.76 | 22.14 | 22.89 |
| Fibonacci | 19.82 | 20.25 | 20.52 | 20.95 | 21.38 | 21.65 | 22.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.15 | 16.45 | 18.63 | 20.93 | 23.11 | 25.41 | 27.59 |
| Camarilla | 19.59 | 20.00 | 20.41 | 20.82 | 21.23 | 21.64 | 22.05 |
| Woodie | 14.10 | 16.42 | 18.58 | 20.90 | 23.06 | 25.38 | 27.54 |
| Fibonacci | 16.45 | 18.16 | 19.22 | 20.93 | 22.64 | 23.70 | 25.41 |
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): | 39.64 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -18.62 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 19.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.57 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 19.69 | |
| Zig ZAG (10): | 19.82 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 14.54 | |
| TEMA (21): | 20.01 | |
| Williams %R (14): | -75.53 | |
| Chande Momentum Oscillator (20): | -0.58 | |
| Repulse (5,40,3): | -0.8000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.49 |
| MA7: | 20.71 | |
| MA20: | 20.32 | |
| MA50: | 21.09 | |
| MA100: | 21.19 | |
| MAexp7: | 19.96 | |
| MAexp20: | 20.09 | |
| MAexp50: | 20.33 | |
| MAexp100: | 20.60 | |
| Price / MA7: | -4.10% | |
| Price / MA20: | -2.26% | |
| Price / MA50: | -5.83% | |
| Price / MA100: | -6.28% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -1.14% | |
| Price / MAexp50: | -2.31% | |
| Price / MAexp100: | -3.59% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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