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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 07/12/2023 (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 bullish
Underlying: Strongly bullish
Technical indicators
50%
28%
22%
My opinion
Bullish above 68.48 USDT
My targets
70.68 USDT (+0.81%)
78.26 USDT (+11.62%)
My analysis
The bullish trend is currently very strong on COMPOUND GOVERNANCE TOKEN - COMP/USDT. As long as the price remains above the support at 68.48 USDT, you could try to benefit from the boom. The first bullish objective is located at 70.68 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 78.26 USDT as an objective. Crossing it would then enable buyers to target 221.91 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.8

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.

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

Additional analysis

Quotes

COMPOUND GOVERNANCE TOKEN - COMP/USDT rating 70.11 USDT. The price has increased by +5.48% since the last closing and was traded between 64.65 USDT and 73.91 USDT over the period. The price is currently at +8.45% from its lowest and -5.14% from its highest.

64.65
73.91
70.11

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of COMPOUND GOVERNANCE TOKEN - COMP/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 4 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 60.80 62.68 68.48 70.11 70.68 221.91 510.29
Change (%) -13.28% -10.60% -2.32% - +0.81% +216.52% +627.84%
Change -9.31 -7.43 -1.63 - +0.57 +151.80 +440.18
Level Intermediate Intermediate Major - 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
Standard51.1254.9160.7064.4970.2874.0779.86
Camarilla63.8564.7265.6066.4867.3668.2469.12
Woodie52.1155.4161.6964.9971.2774.5780.85
Fibonacci54.9158.5760.8364.4968.1570.4174.07


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.6538.8046.3858.5366.1178.2685.84
Camarilla48.5350.3452.1553.9655.7757.5859.39
Woodie24.3737.6644.1057.3963.8377.1283.56
Fibonacci38.8046.3450.9958.5366.0770.7278.26


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-1.2811.5933.7246.5968.7281.59103.72
Camarilla46.2449.4452.6555.8659.0762.2865.49
Woodie3.3613.9138.3648.9173.3683.91108.36
Fibonacci11.5924.9633.2246.5959.9668.2281.59

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): 57.27
MACD (12,26,9): 0.1100
Directional Movement: 12.76
AROON (14): -50.00
DEMA (21): 66.55
Parabolic SAR (0,02-0,02-0,2): 64.65
Elder Ray (13): 0.34
Super Trend (3,10): 64.23
Zig ZAG (10): 67.23
VORTEX (21): 0.9300
Stochastique (14,3,5): 44.08
TEMA (21): 65.90
Williams %R (14): -22.99
Chande Momentum Oscillator (20): -0.14
Repulse (5,40,3): 3.2600
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 2.24
MA7: 60.25
MA20: 52.44
MA50: 39.99
MA100: 39.94
MAexp7: 66.74
MAexp20: 66.20
MAexp50: 64.98
MAexp100: 62.94
Price / MA7: +16.37%
Price / MA20: +33.70%
Price / MA50: +75.32%
Price / MA100: +75.54%
Price / MAexp7: +5.05%
Price / MAexp20: +5.91%
Price / MAexp50: +7.89%
Price / MAexp100: +11.39%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia
Londinia AI

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