COMPOUND GOVERNANCE TOKEN - COMP/USD - 1H - Technical analysis published on 08/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 40.70 USD
My targets
43.91 USD (+6.63%)
47.53 USD (+15.43%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on COMPOUND GOVERNANCE TOKEN - COMP/USD as long as the price remains well above 40.70 USD. The buyers' bullish objective is set at 43.91 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 47.53 USD. If there is any crossing, the next objective would be the resistance located at 49.34 USD. 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 overbought items that could be a sign of a possible short-term correction.
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
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COMPOUND GOVERNANCE TOKEN - COMP/USD rating 41.18 USD. The price is lower by -0.10% since the last closing with the lowest point at 39.66 USD and the highest point at 41.24 USD. The deviation from the price is +3.83% for the low point and -0.15% for the high point.39.66
41.24
41.18
Here is a more detailed summary of the historical variations registered by COMPOUND GOVERNANCE TOKEN - COMP/USD:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this COMPOUND GOVERNANCE TOKEN - COMP/USD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.82 | 38.79 | 41.14 | 41.18 | 43.91 | 49.34 | 51.17 |
| Change (%) | -10.59% | -5.80% | -0.10% | - | +6.63% | +19.82% | +24.26% |
| Change | -4.36 | -2.39 | -0.04 | - | +2.73 | +8.16 | +9.99 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.37 | 35.10 | 38.16 | 39.89 | 42.95 | 44.68 | 47.74 |
| Camarilla | 39.90 | 40.34 | 40.78 | 41.22 | 41.66 | 42.10 | 42.54 |
| Woodie | 34.04 | 35.43 | 38.83 | 40.22 | 43.62 | 45.01 | 48.41 |
| Fibonacci | 35.10 | 36.93 | 38.06 | 39.89 | 41.72 | 42.85 | 44.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.24 | 37.07 | 40.70 | 47.53 | 51.16 | 57.99 | 61.62 |
| Camarilla | 41.44 | 42.40 | 43.36 | 44.32 | 45.28 | 46.24 | 47.20 |
| Woodie | 28.63 | 36.27 | 39.09 | 46.73 | 49.55 | 57.19 | 60.01 |
| Fibonacci | 37.07 | 41.07 | 43.54 | 47.53 | 51.53 | 54.00 | 57.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.83 | 35.54 | 44.17 | 48.88 | 57.51 | 62.22 | 70.85 |
| Camarilla | 49.12 | 50.34 | 51.57 | 52.79 | 54.01 | 55.24 | 56.46 |
| Woodie | 32.78 | 36.52 | 46.12 | 49.86 | 59.46 | 63.20 | 72.80 |
| Fibonacci | 35.54 | 40.64 | 43.79 | 48.88 | 53.98 | 57.13 | 62.22 |
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): | 60.51 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | 9.78 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 40.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.03 | |
| Elder Ray (13): | 0.43 | |
| Super Trend (3,10): | 39.56 | |
| Zig ZAG (10): | 41.07 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 88.61 | |
| TEMA (21): | 40.84 | |
| Williams %R (14): | -7.52 | |
| Chande Momentum Oscillator (20): | 0.59 | |
| Repulse (5,40,3): | 1.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.18 |
| MA7: | 40.29 | |
| MA20: | 47.20 | |
| MA50: | 48.17 | |
| MA100: | 52.37 | |
| MAexp7: | 40.78 | |
| MAexp20: | 40.53 | |
| MAexp50: | 40.07 | |
| MAexp100: | 40.35 | |
| Price / MA7: | +2.21% | |
| Price / MA20: | -12.75% | |
| Price / MA50: | -14.51% | |
| Price / MA100: | -21.37% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | +1.60% | |
| Price / MAexp50: | +2.77% | |
| Price / MAexp100: | +2.06% |
Quotes :
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Real time data
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