COMPOUND - COMP/USDT - 1H - Technical analysis published on 11/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 104.96 USDT
My targets
111.08 USDT (+3.90%)
My analysis
The bullish trend is currently very strong on COMPOUND - COMP/USDT. As long as the price remains above the support at 104.96 USDT, you could try to benefit from the boom. The first bullish objective is located at 111.08 USDT. The bullish momentum would be boosted by a break in this resistance. 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.
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
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The COMPOUND - COMP/USDT rating is 106.91 USDT. On the day, this instrument gained +4.56% and was between 101.63 USDT and 113.83 USDT. This implies that the price is at +5.20% from its lowest and at -6.08% from its highest.101.63
113.83
106.91
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
Technical analysis of COMPOUND - COMP/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 93.15 | 99.59 | 104.96 | 106.91 | 111.08 |
| Change (%) | -12.87% | -6.85% | -1.82% | - | +3.90% |
| Change | -13.76 | -7.32 | -1.95 | - | +4.17 |
| Level | Intermediate | Minor | Minor | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.54 | 89.16 | 95.71 | 100.33 | 106.88 | 111.50 | 118.05 |
| Camarilla | 99.18 | 100.20 | 101.23 | 102.25 | 103.27 | 104.30 | 105.32 |
| Woodie | 85.50 | 89.64 | 96.67 | 100.81 | 107.84 | 111.98 | 119.01 |
| Fibonacci | 89.16 | 93.43 | 96.07 | 100.33 | 104.60 | 107.24 | 111.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.47 | 63.94 | 78.15 | 94.62 | 108.83 | 125.30 | 139.51 |
| Camarilla | 83.93 | 86.75 | 89.56 | 92.37 | 95.18 | 98.00 | 100.81 |
| Woodie | 46.35 | 63.38 | 77.03 | 94.06 | 107.71 | 124.74 | 138.39 |
| Fibonacci | 63.94 | 75.66 | 82.90 | 94.62 | 106.34 | 113.58 | 125.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.91 | 54.62 | 72.52 | 106.23 | 124.13 | 157.84 | 175.74 |
| Camarilla | 76.23 | 80.96 | 85.69 | 90.42 | 95.15 | 99.88 | 104.61 |
| Woodie | 13.01 | 50.67 | 64.62 | 102.28 | 116.23 | 153.89 | 167.84 |
| Fibonacci | 54.62 | 74.34 | 86.52 | 106.23 | 125.95 | 138.13 | 157.84 |
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): | 61.48 | |
| MACD (12,26,9): | 2.6400 | |
| Directional Movement: | 10.99 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 109.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 113.68 | |
| Elder Ray (13): | 1.43 | |
| Super Trend (3,10): | 103.10 | |
| Zig ZAG (10): | 109.40 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 63.62 | |
| TEMA (21): | 110.82 | |
| Williams %R (14): | -31.47 | |
| Chande Momentum Oscillator (20): | 7.59 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3700 | |
| Courbe Coppock: | 12.52 |
| MA7: | 97.36 | |
| MA20: | 97.29 | |
| MA50: | 109.30 | |
| MA100: | 142.88 | |
| MAexp7: | 108.94 | |
| MAexp20: | 106.43 | |
| MAexp50: | 102.63 | |
| MAexp100: | 99.76 | |
| Price / MA7: | +9.81% | |
| Price / MA20: | +9.89% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | -25.17% | |
| Price / MAexp7: | -1.86% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +4.17% | |
| Price / MAexp100: | +7.17% |
Quotes :
2020-11-11 11:52:53
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Real time data
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Cryptocompare
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