COMPOUND - COMP/USD
COMPOUND - COMP/USD
155.58 USD (+1.17%)
Real time data - Cryptocompare
Open: 153.77
Change: +1.80
Volume: 1,510
Low: 151.57
High: 155.99
High / Low range: 4.42
Type: Cryptocurrencies
Ticker: COMPUSD
ISIN:

COMPOUND - COMP/USD - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 15:47:58
  • Status : INVALID

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

Complete this analysis for another time unit:
15 min.
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
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
Standard130.28141.24147.93158.89165.58176.54183.23
Camarilla149.76151.37152.99154.61156.23157.85159.46
Woodie128.14140.17145.79157.82163.44175.47181.09
Fibonacci141.24147.99152.15158.89165.64169.80176.54


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard113.65129.59154.98170.92196.31212.25237.64
Camarilla169.00172.79176.58180.37184.16187.95191.74
Woodie118.38131.95159.71173.28201.04214.61242.37
Fibonacci129.59145.38155.13170.92186.71196.46212.25


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.7165.55154.28209.12297.85352.69441.42
Camarilla203.54216.70229.86243.02256.18269.34282.50
Woodie27.6774.02171.24217.59314.81361.16458.38
Fibonacci65.55120.39154.27209.12263.96297.84352.69

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 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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