SOLANA - SOL/EUR

- EUR (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SOLEUR
ISIN:

SOLANA - SOL/EUR - Daily - Technical analysis published on 01/18/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 16.71 EUR

My targets

26.07 EUR (+23.50%)

30.78 EUR (+45.81%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOLANA - SOL/EUR as long as the price remains well above 16.71 EUR. The buyers' bullish objective is set at 26.07 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.78 EUR. If there is any crossing, the next objective would be the resistance located at 37.01 EUR.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

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 paradise414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SOLANA - SOL/EUR rating is 21.11 EUR. The price registered a decrease of -0.38% on the session and was between 21.11 EUR and 21.40 EUR. This implies that the price is at 0% from its lowest and at -1.36% from its highest.

21.11

21.40

21.11

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of SOLANA - SOL/EUR indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	9.06	13.83	21.11	30.78	37.01	45.43
Change (%)	-57.08%	-34.49%	-	+45.81%	+75.32%	+115.21%
Change	-12.05	-7.28	-	+9.67	+15.90	+24.32
Level	Minor	Intermediate	-	Minor	Intermediate	Minor

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	19.89	20.51	20.85	21.47	21.81	22.43	22.77
Camarilla	20.93	21.01	21.10	21.19	21.28	21.37	21.45
Woodie	19.75	20.44	20.71	21.40	21.67	22.36	22.63
Fibonacci	20.51	20.88	21.10	21.47	21.84	22.06	22.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4.69	8.39	15.38	19.08	26.07	29.77	36.76
Camarilla	19.43	20.41	21.39	22.37	23.35	24.33	25.31
Woodie	6.34	9.21	17.03	19.90	27.72	30.59	38.41
Fibonacci	8.39	12.47	15.00	19.08	23.16	25.69	29.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.14	3.85	6.57	10.28	13.00	16.71	19.43
Camarilla	7.52	8.11	8.70	9.29	9.88	10.47	11.06
Woodie	-0.36	3.60	6.08	10.03	12.51	16.46	18.94
Fibonacci	3.85	6.31	7.82	10.28	12.74	14.25	16.71

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	76.00
MACD (12,26,9):	2.5000
Directional Movement:	34.90
AROON (14):	57.14
DEMA (21):	19.28
Parabolic SAR (0,02-0,02-0,2):	17.83
Elder Ray (13):	3.31
Super Trend (3,10):	16.41
Zig ZAG (10):	21.40
VORTEX (21):	1.3600
Stochastique (14,3,5):	86.30
TEMA (21):	21.72
Williams %R (14):	-15.05
Chande Momentum Oscillator (20):	8.61
Repulse (5,40,3):	4.6200
ROCnROLL:	1
TRIX (15,9):	1.8600
Courbe Coppock:	157.35

MA7:	19.97
MA20:	14.43
MA50:	13.22
MA100:	18.45
MAexp7:	19.89
MAexp20:	16.48
MAexp50:	15.35
MAexp100:	18.50
Price / MA7:	+5.71%
Price / MA20:	+46.29%
Price / MA50:	+59.68%
Price / MA100:	+14.42%
Price / MAexp7:	+6.13%
Price / MAexp20:	+28.09%
Price / MAexp50:	+37.52%
Price / MAexp100:	+14.11%

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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