Londinia Opportunities Analyses - 05/07/2024 (GMT) COMPOUND GOVERNANCE TOKEN - COMP/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	COMPUSDT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 56.37 USDT

My targets

54.60 USDT (-2.05%)

53.79 USDT (-3.50%)

My analysis

COMPOUND GOVERNANCE TOKEN - COMP/USDT 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 56.37 USDT. The next support located at 54.60 USDT 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 53.79 USDT. Below this support, sellers could then target 51.42 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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Additional analysis

Quotes

The COMPOUND GOVERNANCE TOKEN - COMP/USDT price is 55.74 USDT. The price registered a decrease of -0.91% on the session with the lowest point at 55.49 USDT and the highest point at 57.78 USDT. The deviation from the price is +0.45% for the low point and -3.53% for the high point.

55.49

57.78

55.74

Here is a more detailed summary of the historical variations registered by COMPOUND GOVERNANCE TOKEN - COMP/USDT:

Technical

Technical analysis of this 1H chart of COMPOUND GOVERNANCE TOKEN - COMP/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	51.42	53.79	54.60	55.74	56.37	57.61	58.53
Change (%)	-7.75%	-3.50%	-2.05%	-	+1.13%	+3.35%	+5.01%
Change	-4.32	-1.95	-1.14	-	+0.63	+1.87	+2.79
Level	Intermediate	Minor	Minor	-	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	50.64	53.44	54.84	57.64	59.04	61.84	63.24
Camarilla	55.10	55.48	55.87	56.25	56.64	57.02	57.41
Woodie	49.95	53.09	54.15	57.29	58.35	61.49	62.55
Fibonacci	53.44	55.04	56.03	57.64	59.24	60.23	61.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.30	47.11	52.44	56.25	61.58	65.39	70.72
Camarilla	55.27	56.10	56.94	57.78	58.62	59.46	60.29
Woodie	44.07	47.49	53.21	56.63	62.35	65.77	71.49
Fibonacci	47.11	50.60	52.76	56.25	59.74	61.90	65.39

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.67	24.51	38.91	59.75	74.15	94.99	109.39
Camarilla	43.63	46.86	50.09	53.32	56.55	59.78	63.01
Woodie	0.46	22.90	35.70	58.14	70.94	93.38	106.18
Fibonacci	24.51	37.97	46.29	59.75	73.21	81.53	94.99

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):	37.15
MACD (12,26,9):	-0.2200
Directional Movement:	-17.82
AROON (14):	-57.14
DEMA (21):	56.47
Parabolic SAR (0,02-0,02-0,2):	57.59
Elder Ray (13):	-0.83
Super Trend (3,10):	57.54
Zig ZAG (10):	55.85
VORTEX (21):	0.9000
Stochastique (14,3,5):	13.90
TEMA (21):	56.44
Williams %R (14):	-86.40
Chande Momentum Oscillator (20):	-0.47
Repulse (5,40,3):	-1.4000
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	0.21

MA7:	57.16
MA20:	56.82
MA50:	64.69
MA100:	67.50
MAexp7:	56.44
MAexp20:	56.73
MAexp50:	57.08
MAexp100:	57.17
Price / MA7:	-2.48%
Price / MA20:	-1.90%
Price / MA50:	-13.84%
Price / MA100:	-17.42%
Price / MAexp7:	-1.24%
Price / MAexp20:	-1.75%
Price / MAexp50:	-2.35%
Price / MAexp100:	-2.50%

Quotes : - Real time data - Cryptocompare