SOLANA - SOL/EUR - 1H - Technical analysis published on 01/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 20.72 EUR
My targets
19.08 EUR (-6.88%)
18.91 EUR (-7.71%)
My analysis
In a bearish trend, the price of SOLANA - SOL/EUR tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 20.72 EUR. A bearish break in the support located at 19.08 EUR would revive the bearish momentum and fuel the basic trend. Then the price could move towards 18.91 EUR. Then 15.98 EUR by extension. It would be safer to wait for a bearish break in the support located at 19.08 EUR before allowing yourself to re trade short positions (for sale) on SOLANA - SOL/EUR. PS: if there is a bullish break in the resistance located at 20.72 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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This analysis was given by paradise414. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOLANA - SOL/EUR price is 20.49 EUR. On the day, this instrument gained +3.64% with the lowest point at 19.36 EUR and the highest point at 20.49 EUR. The deviation from the price is +5.84% for the low point and 0% for the high point.19.36
20.49
20.49
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOLANA - SOL/EUR:
Technical
A technical analysis in 1H of this SOLANA - SOL/EUR chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.26 | 15.98 | 18.91 | 20.49 | 20.72 | 22.37 | 30.78 |
| Change (%) | -25.52% | -22.01% | -7.71% | - | +1.12% | +9.18% | +50.22% |
| Change | -5.23 | -4.51 | -1.58 | - | +0.23 | +1.88 | +10.29 |
| Level | Minor | Minor | Major | - | Intermediate | Major | 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 | 17.82 | 18.36 | 19.07 | 19.61 | 20.32 | 20.86 | 21.57 |
| Camarilla | 19.43 | 19.54 | 19.66 | 19.77 | 19.89 | 20.00 | 20.11 |
| Woodie | 17.90 | 18.40 | 19.15 | 19.65 | 20.40 | 20.90 | 21.65 |
| Fibonacci | 18.36 | 18.84 | 19.14 | 19.61 | 20.09 | 20.39 | 20.86 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.27 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.07 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 19.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.04 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 20.11 | |
| Zig ZAG (10): | 19.80 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 79.72 | |
| TEMA (21): | 19.75 | |
| Williams %R (14): | -16.98 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.21 |
| MA7: | 20.77 | |
| MA20: | 15.97 | |
| MA50: | 13.44 | |
| MA100: | 18.19 | |
| MAexp7: | 19.73 | |
| MAexp20: | 19.65 | |
| MAexp50: | 19.87 | |
| MAexp100: | 20.04 | |
| Price / MA7: | -1.35% | |
| Price / MA20: | +28.30% | |
| Price / MA50: | +52.46% | |
| Price / MA100: | +12.64% | |
| Price / MAexp7: | +3.85% | |
| Price / MAexp20: | +4.27% | |
| Price / MAexp50: | +3.12% | |
| Price / MAexp100: | +2.25% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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