COMPOUND GOVERNANCE TOKEN - COMP/USD - 1H - Technical analysis published on 09/16/2020 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 154.98 USD
My targets
129.59 USD (-14.88%)
113.65 USD (-25.35%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COMPOUND - COMP/USD as long as the price remains well below 154.98 USD. The next bearish objective for sellers is set at 129.59 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 113.65 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COMPOUND - COMP/USD rating is 152.25 USD. The price registered a decrease of -1.53% on the session and was traded between 147.44 USD and 154.65 USD over the period. The price is currently at +3.26% from its lowest and -1.55% from its highest.147.44
154.65
152.25
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of COMPOUND - COMP/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 152.25 | 160.14 | 170.66 | 179.91 |
| Change (%) | - | +5.18% | +12.09% | +18.17% |
| Change | - | +7.89 | +18.41 | +27.66 |
| Level | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.28 | 141.24 | 147.93 | 158.89 | 165.58 | 176.54 | 183.23 |
| Camarilla | 149.76 | 151.37 | 152.99 | 154.61 | 156.23 | 157.85 | 159.46 |
| Woodie | 128.14 | 140.17 | 145.79 | 157.82 | 163.44 | 175.47 | 181.09 |
| Fibonacci | 141.24 | 147.99 | 152.15 | 158.89 | 165.64 | 169.80 | 176.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.65 | 129.59 | 154.98 | 170.92 | 196.31 | 212.25 | 237.64 |
| Camarilla | 169.00 | 172.79 | 176.58 | 180.37 | 184.16 | 187.95 | 191.74 |
| Woodie | 118.38 | 131.95 | 159.71 | 173.28 | 201.04 | 214.61 | 242.37 |
| Fibonacci | 129.59 | 145.38 | 155.13 | 170.92 | 186.71 | 196.46 | 212.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.71 | 65.55 | 154.28 | 209.12 | 297.85 | 352.69 | 441.42 |
| Camarilla | 203.54 | 216.70 | 229.86 | 243.02 | 256.18 | 269.34 | 282.50 |
| Woodie | 27.67 | 74.02 | 171.24 | 217.59 | 314.81 | 361.16 | 458.38 |
| Fibonacci | 65.55 | 120.39 | 154.27 | 209.12 | 263.96 | 297.84 | 352.69 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.05 | |
| MACD (12,26,9): | -2.1700 | |
| Directional Movement: | -15.57 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 149.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 149.12 | |
| Elder Ray (13): | 0.39 | |
| Super Trend (3,10): | 157.61 | |
| Zig ZAG (10): | 151.52 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 66.26 | |
| TEMA (21): | 150.04 | |
| Williams %R (14): | -33.39 | |
| Chande Momentum Oscillator (20): | 2.33 | |
| Repulse (5,40,3): | -0.7800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 2.48 |
| MA7: | 166.02 | |
| MA20: | 186.29 | |
| MA50: | 174.80 | |
| MA100: | 94.79 | |
| MAexp7: | 151.60 | |
| MAexp20: | 152.87 | |
| MAexp50: | 157.61 | |
| MAexp100: | 162.45 | |
| Price / MA7: | -8.29% | |
| Price / MA20: | -18.27% | |
| Price / MA50: | -12.90% | |
| Price / MA100: | +60.62% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -3.40% | |
| Price / MAexp100: | -6.28% |
Quotes :
2020-09-16 15:47:41
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Real time data
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