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| Price | ▲ 0.20% | ▼ 0.83% | ▼ 0.40% | ▲ 0.32% |
| Energy | ▲ 5.0 | ▼ 44.2 | ▼ 53.8 | ▲ 6.6 |
Trend of Bear Bias SOLUSD 1H
▸When SOLUSD is in Bear Bias:
- then SOLUSD moved to higher Market State: 2,814 times — 62.5%
- then SOLUSD moved to lower Market State: 1,688 times — 37.5%
▸Current SOLUSD market energy: -23.94%
- Distance to upper bound of Bear Bias (at -20.88%): 3.06%
- Distance to lower bound of Bear Bias (at -60%): 36.06%
"Let data guide you, but never trust it completely" — 2AITRADING
Right as the 1H candle closes, SOLUSD in the Bear Bias level.
Per the 2AiTrading energy measurement system, Market Energy rose +6.6% from the previous session, from -30.5% to -23.9%.
Time in Bear Bias energy zone: 2 1H 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 -84.2 to +96.2.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SOLUSD price and energy show when this 1H candle closed?
When the 1H candle at 10:00 on 15-08-2023 closed, SOLUSD was at 25, up 0.32% from the previous candle (24.92). Market Energy was -23.9%, up 6.6 points from -30.5%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did SOLUSD price move on this 1H candle, and how large is that historically?
SOLUSD closed at 25, up 0.32% from the previous 1H candle (24.92). This rise is larger than 28% of past rises on the 1H timeframe for SOLUSD, across 26,352 candles since 2019.
How did SOLUSD Market Energy change from the previous candle?
Market Energy rose 6.6 percentage points from the previous candle — from -30.5% to -23.9%. This rise is larger than 37% of past rises on the 1H timeframe for SOLUSD.
Do SOLUSD price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was SOLUSD in on the previous 1H candle?
The previous 1H candle had SOLUSD at -30.5%, Bear Bias — this candle kept the same state, no zone change.
Where does SOLUSD energy sit within the Bear Bias zone?
At -23.9%, SOLUSD is 3.06 points from the upper boundary of Bear Bias (-20.88%) and 36.06 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 Bull Critical with energy 71.7%; GER40 (European equities) in Bull Critical with energy 69%. Against this backdrop, SOLUSD (Bear Bias, -23.9%) 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 Bias with Market Energy 23%. 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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