COMPOUND - COMP/USD - 1H - Technical analysis published on 10/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 44.39 USD
My targets
43.02 USD (-1.26%)
42.36 USD (-2.78%)
My analysis
COMPOUND GOVERNANCE TOKEN - COMP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 44.39 USD. The next support located at 43.02 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 42.36 USD. Below this support, sellers could then target 35.82 USD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COMPOUND GOVERNANCE TOKEN - COMP/USD rating 43.57 USD. On the day, this instrument lost -0.02% and was between 43.09 USD and 43.89 USD. This implies that the price is at +1.11% from its lowest and at -0.73% from its highest.43.09
43.89
43.57
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of COMPOUND GOVERNANCE TOKEN - COMP/USD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Dark cloud cover
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35.82 | 42.36 | 43.02 | 43.57 | 44.39 | 46.22 | 47.70 |
| Change (%) | -17.79% | -2.78% | -1.26% | - | +1.88% | +6.08% | +9.48% |
| Change | -7.75 | -1.21 | -0.55 | - | +0.82 | +2.65 | +4.13 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 41.86 | 42.66 | 43.12 | 43.92 | 44.38 | 45.18 | 45.64 |
| Camarilla | 43.23 | 43.35 | 43.47 | 43.58 | 43.70 | 43.81 | 43.93 |
| Woodie | 41.69 | 42.58 | 42.95 | 43.84 | 44.21 | 45.10 | 45.47 |
| Fibonacci | 42.66 | 43.14 | 43.44 | 43.92 | 44.40 | 44.70 | 45.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.55 | 37.93 | 40.75 | 45.13 | 47.95 | 52.33 | 55.15 |
| Camarilla | 41.60 | 42.26 | 42.92 | 43.58 | 44.24 | 44.90 | 45.56 |
| Woodie | 32.78 | 37.54 | 39.98 | 44.74 | 47.18 | 51.94 | 54.38 |
| Fibonacci | 37.93 | 40.68 | 42.38 | 45.13 | 47.88 | 49.58 | 52.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.70 | 27.31 | 37.03 | 44.64 | 54.36 | 61.97 | 71.69 |
| Camarilla | 41.99 | 43.58 | 45.17 | 46.76 | 48.35 | 49.94 | 51.53 |
| Woodie | 20.77 | 27.84 | 38.10 | 45.17 | 55.43 | 62.50 | 72.76 |
| Fibonacci | 27.31 | 33.93 | 38.02 | 44.64 | 51.26 | 55.35 | 61.97 |
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): | 46.52 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -4.08 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 43.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.98 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 44.02 | |
| Zig ZAG (10): | 43.58 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 43.07 | |
| TEMA (21): | 43.35 | |
| Williams %R (14): | -38.75 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.41 |
| MA7: | 44.07 | |
| MA20: | 43.04 | |
| MA50: | 41.55 | |
| MA100: | 51.70 | |
| MAexp7: | 43.50 | |
| MAexp20: | 43.67 | |
| MAexp50: | 43.81 | |
| MAexp100: | 44.06 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | +1.23% | |
| Price / MA50: | +4.86% | |
| Price / MA100: | -15.73% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -1.11% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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