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COMPOUND - COMP/USDT
COMPOUND - COMP/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: COMPUSDT
ISIN:

COMPOUND - COMP/USDT - 1H - Technical analysis published on 03/16/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 436.62 USDT
My targets
420.53 USDT (-2.10%)
413.37 USDT (-3.77%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on COMPOUND - COMP/USDT as long as the price remains well below 436.62 USDT. The next bearish objective for sellers is set at 420.53 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 413.37 USDT. If there is any crossing, the next objective would be the support located at 384.41 USDT. 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 content. 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.

eatpez
This analysis was given by eatpez. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

COMPOUND - COMP/USDT rating 429.56 USDT. On the day, this instrument lost -0.44% with the lowest point at 417.73 USDT and the highest point at 442.03 USDT. The deviation from the price is +2.83% for the low point and -2.82% for the high point.

417.73
442.03
429.56

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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 this 1H chart of COMPOUND - COMP/USDT indicates that the overall trend is strongly bearish. 89.29% 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 bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 384.41 413.37 420.53 429.56 436.62 451.00 470.24
Change (%) -10.51% -3.77% -2.10% - +1.64% +4.99% +9.47%
Change -45.15 -16.19 -9.03 - +7.06 +21.44 +40.68
Level Major Intermediate Minor - Intermediate 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
Standard386.60403.57417.51434.48448.42465.39479.33
Camarilla422.96425.79428.63431.46434.29437.13439.96
Woodie385.10402.81416.01433.72446.92464.63477.83
Fibonacci403.57415.37422.67434.48446.28453.58465.39


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard325.65369.51417.54461.40509.43553.29601.32
Camarilla440.30448.72457.15465.57473.99482.42490.84
Woodie327.74370.55419.63462.44511.52554.33603.41
Fibonacci369.51404.61426.30461.40496.50518.19553.29


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard53.93190.62297.65434.34541.37678.06785.09
Camarilla337.66360.00382.34404.68427.02449.36471.70
Woodie39.10183.21282.82426.93526.54670.65770.26
Fibonacci190.62283.72341.24434.34527.44584.96678.06

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 48.43
MACD (12,26,9): -0.2500
Directional Movement: -4.02
AROON (14): 21.43
DEMA (21): 432.12
Parabolic SAR (0,02-0,02-0,2): 441.43
Elder Ray (13): -2.12
Super Trend (3,10): 443.63
Zig ZAG (10): 431.71
VORTEX (21): 0.9800
Stochastique (14,3,5): 34.30
TEMA (21): 433.42
Williams %R (14): -55.98
Chande Momentum Oscillator (20): -5.42
Repulse (5,40,3): 0.0100
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.45
MA7: 446.98
MA20: 455.32
MA50: 434.02
MA100: 301.42
MAexp7: 432.64
MAexp20: 432.57
MAexp50: 435.05
MAexp100: 441.44
Price / MA7: -3.90%
Price / MA20: -5.66%
Price / MA50: -1.03%
Price / MA100: +42.51%
Price / MAexp7: -0.71%
Price / MAexp20: -0.70%
Price / MAexp50: -1.26%
Price / MAexp100: -2.69%

Quotes : 2021-03-16 22:37:30 - Real time data - Cryptocompare

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

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Londinia
Londinia AI

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