COMPOUND - COMP/USDT - 1H - Technical analysis published on 09/09/2020 (GMT)
- 197
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 167.44 USDT
My targets
179.85 USDT (+1.66%)
193.18 USDT (+9.20%)
My analysis
The bullish trend is currently very strong on COMPOUND - COMP/USDT. As long as the price remains above the support at 167.44 USDT, you could try to benefit from the boom. The first bullish objective is located at 179.85 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 193.18 USDT as an objective. Crossing it would then enable buyers to target 208.56 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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.
This analysis was given by Monocle360. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
COMPOUND - COMP/USDT rating 176.91 USDT. On the day, this instrument gained +1.95% and was traded between 167.58 USDT and 177.36 USDT over the period. The price is currently at +5.57% from its lowest and -0.25% from its highest.167.58
177.36
176.91
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of COMPOUND - COMP/USDT in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 153.96 | 167.44 | 176.91 | 179.85 | 208.56 | 243.66 |
| Change (%) | -12.97% | -5.35% | - | +1.66% | +17.89% | +37.73% |
| Change | -22.95 | -9.47 | - | +2.94 | +31.65 | +66.75 |
| Level | Minor | Intermediate | - | Major | Minor | Intermediate |
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 | 148.57 | 158.01 | 165.76 | 175.20 | 182.95 | 192.39 | 200.14 |
| Camarilla | 168.79 | 170.37 | 171.94 | 173.52 | 175.10 | 176.67 | 178.25 |
| Woodie | 147.74 | 157.59 | 164.93 | 174.78 | 182.12 | 191.97 | 199.31 |
| Fibonacci | 158.01 | 164.57 | 168.63 | 175.20 | 181.76 | 185.82 | 192.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -8.05 | 70.80 | 114.33 | 193.18 | 236.71 | 315.56 | 359.09 |
| Camarilla | 124.20 | 135.41 | 146.63 | 157.85 | 169.07 | 180.29 | 191.51 |
| Woodie | -25.72 | 61.97 | 96.66 | 184.35 | 219.04 | 306.73 | 341.42 |
| Fibonacci | 70.80 | 117.55 | 146.43 | 193.18 | 239.93 | 268.81 | 315.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.04 | 64.28 | 153.84 | 210.08 | 299.64 | 355.88 | 445.44 |
| Camarilla | 203.32 | 216.68 | 230.05 | 243.41 | 256.78 | 270.14 | 283.51 |
| Woodie | 24.71 | 72.61 | 170.51 | 218.41 | 316.31 | 364.21 | 462.11 |
| Fibonacci | 64.28 | 119.97 | 154.38 | 210.08 | 265.77 | 300.18 | 355.88 |
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): | 56.77 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 9.28 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 172.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 168.16 | |
| Elder Ray (13): | 2.17 | |
| Super Trend (3,10): | 167.39 | |
| Zig ZAG (10): | 172.99 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 56.92 | |
| TEMA (21): | 171.94 | |
| Williams %R (14): | -43.76 | |
| Chande Momentum Oscillator (20): | -0.71 | |
| Repulse (5,40,3): | -1.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.15 |
| MA7: | 175.86 | |
| MA20: | 188.54 | |
| MA50: | 166.21 | |
| MA100: | 83.11 | |
| MAexp7: | 172.80 | |
| MAexp20: | 173.29 | |
| MAexp50: | 172.86 | |
| MAexp100: | 175.97 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | -6.17% | |
| Price / MA50: | +6.44% | |
| Price / MA100: | +112.86% | |
| Price / MAexp7: | +2.38% | |
| Price / MAexp20: | +2.09% | |
| Price / MAexp50: | +2.34% | |
| Price / MAexp100: | +0.53% |
Quotes :
2020-09-09 15:11:31
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis COMPOUND - COMP/USDT - 1H