SOLANA - SOL/USDT - 1H - Technical analysis published on 03/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 186.56 USDT
My targets
195.54 USDT (+2.80%)
210.03 USDT (+10.41%)
My analysis
SOLANA - SOL/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 186.56 USDT. The next resistance located at 195.54 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 210.03 USDT. After this resistance, buyers could then target 258.35 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.6
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This analysis was given by boobski. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/USDT price is 190.22 USDT. The price registered an increase of +3.47% on the session and was traded between 181.00 USDT and 194.49 USDT over the period. The price is currently at +5.09% from its lowest and -2.20% from its highest.181.00
194.49
190.22
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this SOLANA - SOL/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 167.65 | 173.90 | 186.56 | 190.22 | 191.11 | 195.54 | 210.03 |
| Change (%) | -11.87% | -8.58% | -1.92% | - | +0.47% | +2.80% | +10.41% |
| Change | -22.57 | -16.32 | -3.66 | - | +0.89 | +5.32 | +19.81 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 159.10 | 165.21 | 174.53 | 180.64 | 189.96 | 196.07 | 205.39 |
| Camarilla | 179.61 | 181.02 | 182.44 | 183.85 | 185.26 | 186.68 | 188.09 |
| Woodie | 160.71 | 166.01 | 176.14 | 181.44 | 191.57 | 196.87 | 207.00 |
| Fibonacci | 165.21 | 171.10 | 174.75 | 180.64 | 186.53 | 190.18 | 196.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.86 | 134.17 | 153.41 | 181.72 | 200.96 | 229.27 | 248.51 |
| Camarilla | 159.57 | 163.93 | 168.29 | 172.65 | 177.01 | 181.37 | 185.73 |
| Woodie | 101.33 | 131.90 | 148.88 | 179.45 | 196.43 | 227.00 | 243.98 |
| Fibonacci | 134.17 | 152.33 | 163.56 | 181.72 | 199.88 | 211.11 | 229.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.52 | 76.27 | 101.12 | 117.87 | 142.72 | 159.47 | 184.32 |
| Camarilla | 114.53 | 118.34 | 122.16 | 125.97 | 129.78 | 133.60 | 137.41 |
| Woodie | 63.57 | 78.30 | 105.17 | 119.90 | 146.77 | 161.50 | 188.37 |
| Fibonacci | 76.27 | 92.16 | 101.98 | 117.87 | 133.76 | 143.58 | 159.47 |
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): | 58.55 | |
| MACD (12,26,9): | 2.9700 | |
| Directional Movement: | 9.35 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 193.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 187.33 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 184.97 | |
| Zig ZAG (10): | 189.98 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 63.25 | |
| TEMA (21): | 193.48 | |
| Williams %R (14): | -53.98 | |
| Chande Momentum Oscillator (20): | 0.65 | |
| Repulse (5,40,3): | -1.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 5.80 |
| MA7: | 180.39 | |
| MA20: | 168.74 | |
| MA50: | 134.54 | |
| MA100: | 115.59 | |
| MAexp7: | 191.34 | |
| MAexp20: | 188.88 | |
| MAexp50: | 184.06 | |
| MAexp100: | 181.51 | |
| Price / MA7: | +5.45% | |
| Price / MA20: | +12.73% | |
| Price / MA50: | +41.39% | |
| Price / MA100: | +64.56% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | +3.35% | |
| Price / MAexp100: | +4.80% |
Quotes :
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Real time data
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