SOLANA - SOL/EUR

- EUR (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SOLEUR
ISIN:

SOLANA - SOL/EUR - Weekly - Technical analysis published on 03/12/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 123.90 EUR

My targets

146.98 EUR (+11.31%)

169.76 EUR (+28.56%)

My analysis

The bullish trend is currently very strong on SOLANA - SOL/EUR. As long as the price remains above the support at 123.90 EUR, you could try to benefit from the boom. The first bullish objective is located at 146.98 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 169.76 EUR as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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

Additional analysis

Quotes

The SOLANA - SOL/EUR rating is 132.05 EUR. The price registered an increase of +10.11% over 5 days with the lowest point at 128.61 EUR and the highest point at 141.03 EUR. The deviation from the price is +2.67% for the low point and -6.37% for the high point.

128.61

141.03

132.05

Here is a more detailed summary of the historical variations registered by SOLANA - SOL/EUR:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Weekly of this SOLANA - SOL/EUR chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Weekly

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 : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

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

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	77.01	108.78	123.90	132.05
Change (%)	-41.68%	-17.62%	-6.17%	-
Change	-55.04	-23.27	-8.15	-
Level	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	116.10	120.63	128.17	132.70	140.24	144.77	152.31
Camarilla	132.39	133.50	134.60	135.71	136.82	137.92	139.03
Woodie	117.61	121.38	129.68	133.45	141.75	145.52	153.82
Fibonacci	120.63	125.24	128.09	132.70	137.31	140.16	144.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.96	85.31	108.72	124.07	147.48	162.83	186.24
Camarilla	121.46	125.01	128.57	132.12	135.67	139.23	142.78
Woodie	73.98	87.33	112.74	126.09	151.50	164.85	190.26
Fibonacci	85.31	100.12	109.27	124.07	138.88	148.03	162.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55.64	70.90	93.68	108.94	131.72	146.98	169.76
Camarilla	106.00	109.49	112.97	116.46	119.95	123.43	126.92
Woodie	59.40	72.78	97.44	110.82	135.48	148.86	173.52
Fibonacci	70.90	85.43	94.41	108.94	123.47	132.45	146.98

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):	78.39
MACD (12,26,9):	22.9500
Directional Movement:	26.91
AROON (14):	100.00
DEMA (21):	116.42
Parabolic SAR (0,02-0,02-0,2):	76.40
Elder Ray (13):	32.95
Super Trend (3,10):	75.29
Zig ZAG (10):	132.82
VORTEX (21):	1.2600
Stochastique (14,3,5):	90.53
TEMA (21):	127.94
Williams %R (14):	-10.12
Chande Momentum Oscillator (20):	30.15
Repulse (5,40,3):	22.4300
ROCnROLL:	1
TRIX (15,9):	5.8900
Courbe Coppock:	193.82

MA7:	130.98
MA20:	116.06
MA50:	103.18
MA100:	92.80
MAexp7:	113.91
MAexp20:	87.95
MAexp50:	61.74
MAexp100:	55.75
Price / MA7:	+0.82%
Price / MA20:	+13.78%
Price / MA50:	+27.98%
Price / MA100:	+42.30%
Price / MAexp7:	+15.92%
Price / MAexp20:	+50.14%
Price / MAexp50:	+113.88%
Price / MAexp100:	+136.86%

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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