SOL Volatility Analysis for Non-Farm Payrolls, 2nd October 2020

Data Analysis

The data released by Bureau of Labor Statistics for Non-Farm Payrolls on 2nd October, 2020 has come in at a decrease to 951K for September 2020. Compared to the previous release for August 2020 at 2M, we can see that labour market is still increasing but slowed month over month.

To see the impact and volatility of SOL's price during the Non-Farm Payrolls release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 999,653 SOL with prices swinging between 2.42 and 2.67, representing a swing of 9.36%. Subsequently, the trading volume decreased by 45% to 545,257 SOL. Price action ranged from a low of 2.45 to a high of 2.66, a difference of 7.89%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 41,343 SOL in trading volume was observed prior to the data release. Prices ranged between a low of 2.50 to a high of 2.54, a 1.57% change. Immediately following, trading volume decreased by 59% to 16,795 SOL. At this time, Solana hit a low of 2.50 with a high of 2.53, a change of 1.19%.

About Non-Farm Payrolls

Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.

SOL-USDT

Solana

Open

2.83

2.62

24h Change

-0.21 (-8.02%)

24h High

2.89

24h Low

2.42

24h Volume

2.791M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

2nd October, 2020, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	2.51	2.53	2.51	2.52	0.40%	0.79%	4,945 SOL
During	2.52	2.53	2.51	2.51	-0.40%	0.79%	3,614 SOL

5 Minutes
Before	2.51	2.53	2.51	2.52	0.40%	0.79%	9,110 SOL
During	2.52	2.53	2.51	2.51	-0.40%	0.79%	6,187 SOL

10 Minutes
Before	2.53	2.53	2.51	2.52	-0.40%	0.79%	13,674 SOL
During	2.52	2.53	2.50	2.51	-0.40%	1.19%	11,679 SOL

15 Minutes
Before	2.50	2.54	2.50	2.52	0.79%	1.57%	41,343 SOL
During	2.52	2.53	2.50	2.50	-0.80%	1.19%	16,795 SOL

30 Minutes
Before	2.47	2.54	2.46	2.52	1.98%	3.15%	62,683 SOL
During	2.52	2.53	2.50	2.53	0.40%	1.19%	27,274 SOL

1 Hour
Before	2.47	2.54	2.46	2.52	1.98%	3.15%	116,565 SOL
During	2.52	2.54	2.45	2.45	-2.86%	3.54%	107,936 SOL

2 Hours
Before	2.46	2.54	2.44	2.52	2.38%	3.94%	320,994 SOL
During	2.52	2.66	2.45	2.64	4.55%	7.89%	369,945 SOL

4 Hours
Before	2.67	2.67	2.42	2.52	-5.95%	9.36%	999,653 SOL
During	2.52	2.66	2.45	2.63	4.18%	7.89%	545,257 SOL

6 Hours
Before	2.65	2.68	2.42	2.52	-5.16%	9.70%	1.236M SOL
During	2.52	2.67	2.45	2.65	4.91%	8.24%	603,607 SOL

8 Hours
Before	2.83	2.89	2.63	2.66	-6.39%	9.00%	962,918 SOL
During	2.67	2.67	2.42	2.63	-1.52%	9.36%	1.545M SOL

12 Hours
Before	2.83	2.89	2.42	2.52	-12.30%	16.26%	1.963M SOL
During	2.52	2.67	2.45	2.62	3.82%	8.24%	828,713 SOL