COMPOUND - COMP/USD - 1H - Technical analysis published on 02/16/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 57.93 USD
My targets
55.27 USD (-1.88%)
51.52 USD (-8.54%)
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 57.93 USD. The next support located at 55.27 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 51.52 USD. Below this support, sellers could then target 48.66 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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Additional analysis
Quotes
The COMPOUND GOVERNANCE TOKEN - COMP/USD rating is 56.33 USD. The price is lower by -0.32% since the last closing and was traded between 55.85 USD and 56.80 USD over the period. The price is currently at +0.86% from its lowest and -0.83% from its highest.55.85
56.80
56.33
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of COMPOUND GOVERNANCE TOKEN - COMP/USD in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 48.66 | 51.52 | 55.27 | 56.33 | 57.93 | 59.75 | 77.44 |
| Change (%) | -13.62% | -8.54% | -1.88% | - | +2.84% | +6.07% | +37.48% |
| Change | -7.67 | -4.81 | -1.06 | - | +1.60 | +3.42 | +21.11 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Intermediate |
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 | 53.58 | 54.98 | 55.74 | 57.14 | 57.90 | 59.30 | 60.06 |
| Camarilla | 55.92 | 56.11 | 56.31 | 56.51 | 56.71 | 56.91 | 57.10 |
| Woodie | 53.27 | 54.82 | 55.43 | 56.98 | 57.59 | 59.14 | 59.75 |
| Fibonacci | 54.98 | 55.80 | 56.31 | 57.14 | 57.96 | 58.47 | 59.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.77 | 43.72 | 50.11 | 55.06 | 61.45 | 66.40 | 72.79 |
| Camarilla | 53.39 | 54.43 | 55.47 | 56.51 | 57.55 | 58.59 | 59.63 |
| Woodie | 39.50 | 44.08 | 50.84 | 55.42 | 62.18 | 66.76 | 73.52 |
| Fibonacci | 43.72 | 48.05 | 50.73 | 55.06 | 59.39 | 62.07 | 66.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.13 | 48.63 | 59.20 | 75.70 | 86.27 | 102.77 | 113.34 |
| Camarilla | 62.33 | 64.81 | 67.29 | 69.77 | 72.25 | 74.73 | 77.21 |
| Woodie | 29.17 | 47.15 | 56.24 | 74.22 | 83.31 | 101.29 | 110.38 |
| Fibonacci | 48.63 | 58.97 | 65.36 | 75.70 | 86.04 | 92.43 | 102.77 |
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): | 37.66 | |
| MACD (12,26,9): | -0.3100 | |
| Directional Movement: | -11.85 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 56.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 55.99 | |
| Elder Ray (13): | -0.38 | |
| Super Trend (3,10): | 57.41 | |
| Zig ZAG (10): | 56.12 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 30.69 | |
| TEMA (21): | 56.06 | |
| Williams %R (14): | -77.69 | |
| Chande Momentum Oscillator (20): | -0.41 | |
| Repulse (5,40,3): | -0.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 2.60 |
| MA7: | 56.57 | |
| MA20: | 57.73 | |
| MA50: | 70.14 | |
| MA100: | 74.83 | |
| MAexp7: | 56.33 | |
| MAexp20: | 56.64 | |
| MAexp50: | 56.95 | |
| MAexp100: | 56.63 | |
| Price / MA7: | -0.42% | |
| Price / MA20: | -2.43% | |
| Price / MA50: | -19.69% | |
| Price / MA100: | -24.72% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -0.53% |
Quotes :
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Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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