COMPOUND - COMP/USD - 1H - Technical analysis published on 02/22/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 55.06 USD
My targets
57.93 USD (+2.12%)
59.50 USD (+4.88%)
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 55.06 USD. The buyers' bullish objective is set at 57.93 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 59.50 USD. If there is any crossing, the next objective would be the resistance located at 77.44 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
COMPOUND GOVERNANCE TOKEN - COMP/USD rating 56.73 USD. On the day, this instrument gained +7.26% and was between 52.71 USD and 57.38 USD. This implies that the price is at +7.63% from its lowest and at -1.13% from its highest.52.71
57.38
56.73
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
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 overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 49.80 | 51.64 | 53.71 | 56.73 | 56.77 | 57.93 | 59.50 |
| Change (%) | -12.22% | -8.97% | -5.32% | - | +0.07% | +2.12% | +4.88% |
| Change | -6.93 | -5.09 | -3.02 | - | +0.04 | +1.20 | +2.77 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 44.48 | 48.09 | 50.49 | 54.10 | 56.50 | 60.11 | 62.51 |
| Camarilla | 51.24 | 51.79 | 52.34 | 52.89 | 53.44 | 53.99 | 54.54 |
| Woodie | 43.88 | 47.79 | 49.89 | 53.80 | 55.90 | 59.81 | 61.91 |
| Fibonacci | 48.09 | 50.39 | 51.80 | 54.10 | 56.40 | 57.81 | 60.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.77 | 43.72 | 50.11 | 55.06 | 61.45 | 66.40 | 72.79 |
| Camarilla | 53.39 | 54.43 | 55.47 | 56.51 | 57.55 | 58.59 | 59.63 |
| Woodie | 39.50 | 44.08 | 50.84 | 55.42 | 62.18 | 66.76 | 73.52 |
| Fibonacci | 43.72 | 48.05 | 50.73 | 55.06 | 59.39 | 62.07 | 66.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.13 | 48.63 | 59.20 | 75.70 | 86.27 | 102.77 | 113.34 |
| Camarilla | 62.33 | 64.81 | 67.29 | 69.77 | 72.25 | 74.73 | 77.21 |
| Woodie | 29.17 | 47.15 | 56.24 | 74.22 | 83.31 | 101.29 | 110.38 |
| Fibonacci | 48.63 | 58.97 | 65.36 | 75.70 | 86.04 | 92.43 | 102.77 |
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): | 74.65 | |
| MACD (12,26,9): | 0.5700 | |
| Directional Movement: | 30.18 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 55.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 54.94 | |
| Elder Ray (13): | 1.50 | |
| Super Trend (3,10): | 55.11 | |
| Zig ZAG (10): | 56.91 | |
| VORTEX (21): | 1.4100 | |
| Stochastique (14,3,5): | 90.89 | |
| TEMA (21): | 56.20 | |
| Williams %R (14): | -11.93 | |
| Chande Momentum Oscillator (20): | 3.21 | |
| Repulse (5,40,3): | 1.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 8.70 |
| MA7: | 54.77 | |
| MA20: | 54.28 | |
| MA50: | 67.33 | |
| MA100: | 75.14 | |
| MAexp7: | 55.94 | |
| MAexp20: | 55.00 | |
| MAexp50: | 54.68 | |
| MAexp100: | 54.72 | |
| Price / MA7: | +3.58% | |
| Price / MA20: | +4.51% | |
| Price / MA50: | -15.74% | |
| Price / MA100: | -24.50% | |
| Price / MAexp7: | +1.41% | |
| Price / MAexp20: | +3.15% | |
| Price / MAexp50: | +3.75% | |
| Price / MAexp100: | +3.67% |
Quotes :
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Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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