COMPOUND GOVERNANCE TOKEN - COMP/USD - 1H - Technical analysis published on 05/17/2021 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 715.91 USD
My targets
613.09 USD (-13.21%)
536.86 USD (-24.00%)
My analysis
The basic trend is bearish on COMPOUND GOVERNANCE TOKEN - COMP/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 715.91 USD. Buyers would then use the next resistance located at 738.75 USD as an objective. Crossing it would then enable buyers to target 772.15 USD. If there is a return to below the support located at 613.09 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 536.86 USD and 536.71 USD by extension.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
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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 GOVERNANCE TOKEN - COMP/USD price is 706.44 USD. The price has increased by +3.20% since the last closing with the lowest point at 612.21 USD and the highest point at 710.21 USD. The deviation from the price is +15.39% for the low point and -0.53% for the high point.612.21
710.21
706.44
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of COMPOUND GOVERNANCE TOKEN - COMP/USD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 3 are neutral and 10 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 177.56 | 345.78 | 536.71 | 706.44 | 715.91 | 738.75 | 772.15 |
Change (%) | -74.87% | -51.05% | -24.03% | - | +1.34% | +4.57% | +9.30% |
Change | -528.88 | -360.66 | -169.73 | - | +9.47 | +32.31 | +65.71 |
Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 528.12 | 579.79 | 632.17 | 683.84 | 736.22 | 787.89 | 840.27 |
Camarilla | 655.93 | 665.46 | 675.00 | 684.54 | 694.08 | 703.62 | 713.15 |
Woodie | 528.47 | 579.97 | 632.52 | 684.02 | 736.57 | 788.07 | 840.62 |
Fibonacci | 579.79 | 619.54 | 644.10 | 683.84 | 723.59 | 748.15 | 787.89 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 386.97 | 536.86 | 613.09 | 762.98 | 839.21 | 989.10 | 1,065.33 |
Camarilla | 627.14 | 647.87 | 668.59 | 689.32 | 710.05 | 730.78 | 751.50 |
Woodie | 350.14 | 518.45 | 576.26 | 744.57 | 802.38 | 970.69 | 1,028.50 |
Fibonacci | 536.86 | 623.24 | 676.60 | 762.98 | 849.36 | 902.72 | 989.10 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 162.87 | 280.93 | 511.74 | 629.80 | 860.61 | 978.67 | 1,209.48 |
Camarilla | 646.61 | 678.59 | 710.57 | 742.55 | 774.53 | 806.51 | 838.49 |
Woodie | 219.25 | 309.12 | 568.12 | 657.99 | 916.99 | 1,006.86 | 1,265.86 |
Fibonacci | 280.93 | 414.20 | 496.53 | 629.80 | 763.07 | 845.40 | 978.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 41.73 | |
MACD (12,26,9): | -7.1300 | |
Directional Movement: | -15.04 | |
AROON (14): | 57.14 | |
DEMA (21): | 658.80 | |
Parabolic SAR (0,02-0,02-0,2): | 702.88 | |
Elder Ray (13): | -19.41 | |
Super Trend (3,10): | 632.44 | |
Zig ZAG (10): | 651.45 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 41.18 | |
TEMA (21): | 662.60 | |
Williams %R (14): | -58.33 | |
Chande Momentum Oscillator (20): | -8.31 | |
Repulse (5,40,3): | -1.1900 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1200 | |
Courbe Coppock: | 4.00 |
MA7: | 738.02 | |
MA20: | 747.75 | |
MA50: | 600.08 | |
MA100: | 521.33 | |
MAexp7: | 663.76 | |
MAexp20: | 668.46 | |
MAexp50: | 687.65 | |
MAexp100: | 715.63 | |
Price / MA7: | -4.28% | |
Price / MA20: | -5.52% | |
Price / MA50: | +17.72% | |
Price / MA100: | +35.51% | |
Price / MAexp7: | +6.43% | |
Price / MAexp20: | +5.68% | |
Price / MAexp50: | +2.73% | |
Price / MAexp100: | -1.28% |
Quotes :
-
Real time data
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