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SOLUSD is currently controlled by sellers, in the Bear Bias zone. Measured energy: -27.3%.
See the full 2AiTrading Model data for SOLUSD on the SOLUSD overview →
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UP–DOWN statistics for Bear Bias SOLUSD Daily
▸When SOLUSD is in Bear Bias:
- then SOLUSD moved to higher Market State: 104 times — 58.4%
- then SOLUSD moved to lower Market State: 74 times — 41.6%
▸Current SOLUSD market energy: -27.32%
- Distance to upper bound of Bear Bias (at -20.88%): 6.44%
- Distance to lower bound of Bear Bias (at -60%): 32.68%
"Does history really repeat itself?" — 2AITRADING
Reading from the Daily candle, SOLUSD noted at the energy state leaning Bear.
Market trend on the 2AiTrading energy system Market Energy reading dropped -73.6%, moving from 46.3% to -27.3% after the Daily candle.
Time in Bear Bias energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, SOLUSD Market Energy ranged from -27.3 to +67.7.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What state was SOLUSD on Daily when this candle closed?
When the Daily candle at 07:00 on 08-05-2024 closed, SOLUSD was in Bear Bias with Market Energy -27.3%, controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How did SOLUSD Market Energy change from the previous candle?
Market Energy fell 73.6 percentage points from the previous candle — from 46.3% to -27.3%.
What state was SOLUSD in on the previous Daily candle?
The previous Daily candle had SOLUSD at 46.3%, Bull Bias — when this candle closed, SOLUSD moved down to a lower zone: Bull Bias → Bear Bias.
Where does SOLUSD energy sit within the Bear Bias zone?
At -27.3%, SOLUSD is 6.44 points from the upper boundary of Bear Bias (-20.88%) and 32.68 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Neutral with energy -9.7%; GER40 (European equities) in Bull Extreme with energy 83.2%. Against this backdrop, SOLUSD (Bear Bias, -27.3%) lower than SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Extreme with Market Energy 93.9%. SOLUSD (Bear Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for SOLUSD.
Open Energy ChartSee the full 2AiTrading Model data for SOLUSD on the SOLUSD overview →
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