COMPOUND GOVERNANCE TOKEN - COMP/USD - 1H - Technical analysis published on 07/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 46.03 USD
My targets
49.49 USD (+3.75%)
51.47 USD (+7.90%)
My analysis
COMPOUND GOVERNANCE TOKEN - COMP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 46.03 USD. The next resistance located at 49.49 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 51.47 USD. After this resistance, buyers could then target 63.79 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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Additional analysis
Quotes
The COMPOUND GOVERNANCE TOKEN - COMP/USD price is 47.70 USD. The price registered an increase of +6.47% on the session and was between 43.77 USD and 48.89 USD. This implies that the price is at +8.98% from its lowest and at -2.43% from its highest.43.77
48.89
47.70
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of COMPOUND GOVERNANCE TOKEN - COMP/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed 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.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 40.26 | 44.99 | 46.03 | 47.70 | 47.81 | 49.49 | 51.47 |
| Change (%) | -15.60% | -5.68% | -3.50% | - | +0.23% | +3.75% | +7.90% |
| Change | -7.44 | -2.71 | -1.67 | - | +0.11 | +1.79 | +3.77 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Major |
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 | 41.36 | 43.08 | 43.94 | 45.66 | 46.52 | 48.24 | 49.10 |
| Camarilla | 44.09 | 44.33 | 44.56 | 44.80 | 45.04 | 45.27 | 45.51 |
| Woodie | 40.93 | 42.87 | 43.51 | 45.45 | 46.09 | 48.03 | 48.67 |
| Fibonacci | 43.08 | 44.07 | 44.67 | 45.66 | 46.65 | 47.25 | 48.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.97 | 35.61 | 41.50 | 46.14 | 52.03 | 56.67 | 62.56 |
| Camarilla | 44.48 | 45.45 | 46.42 | 47.38 | 48.35 | 49.31 | 50.28 |
| Woodie | 31.59 | 35.92 | 42.12 | 46.45 | 52.65 | 56.98 | 63.18 |
| Fibonacci | 35.61 | 39.64 | 42.12 | 46.14 | 50.17 | 52.65 | 56.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.70 | 35.29 | 42.48 | 52.07 | 59.26 | 68.85 | 76.04 |
| Camarilla | 45.06 | 46.59 | 48.13 | 49.67 | 51.21 | 52.75 | 54.29 |
| Woodie | 24.50 | 34.69 | 41.28 | 51.47 | 58.06 | 68.25 | 74.84 |
| Fibonacci | 35.29 | 41.70 | 45.66 | 52.07 | 58.48 | 62.44 | 68.85 |
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): | 55.47 | |
| MACD (12,26,9): | 0.5300 | |
| Directional Movement: | 0.28 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 47.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.79 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 46.46 | |
| Zig ZAG (10): | 47.34 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 69.55 | |
| TEMA (21): | 48.01 | |
| Williams %R (14): | -34.63 | |
| Chande Momentum Oscillator (20): | 1.73 | |
| Repulse (5,40,3): | -1.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 12.91 |
| MA7: | 46.79 | |
| MA20: | 48.22 | |
| MA50: | 53.74 | |
| MA100: | 56.86 | |
| MAexp7: | 47.56 | |
| MAexp20: | 46.94 | |
| MAexp50: | 46.50 | |
| MAexp100: | 46.55 | |
| Price / MA7: | +1.94% | |
| Price / MA20: | -1.08% | |
| Price / MA50: | -11.24% | |
| Price / MA100: | -16.11% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +1.62% | |
| Price / MAexp50: | +2.58% | |
| Price / MAexp100: | +2.47% |
Quotes :
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Real time data
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