It's a great buy opportunity in COMPBTC @compoundfinanceTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.007980). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. COMPBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.009700
TP2= @ 0.011300
TP3= @ 0.013620
TP4= @ 0.016600
TP5= @ 0.019640
TP6= @ 0.022900
SL= Break below S2
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COMP
It's a great buy opportunity in COMPBTC @compoundfinanceTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.007980). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. COMPBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.009700
TP2= @ 0.011300
TP3= @ 0.013620
TP4= @ 0.016600
TP5= @ 0.019640
TP6= @ 0.022900
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$COMP/USDT 4h (Binance Futures) Descending triangle breakoutCompound could bounce here if market allows recovery
Current Price= 456.48
Buy Entry= 456.98 - 448.50
Take Profit= 499.27 | 545.63 | 629.88
Stop Loss= 415.61
Risk/Reward= 1:1.25 | 1:2.5 | 1:4.77
Expected Profit= +20.56% | +41.04% | +78.26%
Possible Loss= -16.40%
Fib. Retracement= 0.618 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 240 hours
🆓Compound/USDT Analysis (20/2) #COMP $COMPCOMP is accumulating a lot in $400-550 zone and this shows us that COMP is a very potential coin and very profitable for us.
📅NEWS
No News
📈BUY
-Buy: 440-460$. SL if B
-Buy: 540-570$ if A. SL if B
📉SELL
-Sell: 540-570$. SL if A
-Sell: 760-800$. SL if A
-Sell: 1050-1100$. SL if A
-Sell: 1550-1600$. SL if A
♻️BACK-UP
-Sell: 440-460$ if B. SL if A
-Buy: 340-360$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
COMP chart in pair with bitcoinCOMP is about to bottom like other alts.I expect a dip of %14 to make a double-bottom pattern so it can easily take off to the top of its macro trend. Another scenario in my view that is very unlikely to happen is going up from where it is now by making an inverted H&S
COMP-USDTGreetings,
COMP is currently at #9 on the DEFI list. This coin I trade for a long time, but unlike other instruments DEFI (SUSHI, 1INCH, ZRX, YFI, MKR, etc. links will be found below), did not make trading ideas, it's time to correct.
On the daily chart we can see that the price works out a concave bottom with a target of +/- $800
On the 4-hour chart, an upward triangle is forming (lows are rising and the upper shelf is resistance level 530-560$, similar situation as in bitcoin before 50 k$
Also possible is the formation of an ascending wedge after the breakdown of the triangle, and its further break upwards. A breakout potential of the triangle is 50% from the upper boundary, which will also take the price to $800.
If the support of the trending triangle does not hold the price, the next area of interest in my opinion is where the drop will be repurchased at 340-360$.
To bitcoin, the price went under the trendline, which is not good, and a falling wedge has formed at the moment.
Daily chart
4 hour chart
Always use a stop loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
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$CRV - The next big runner in DeFi$CRV is going to $5 in the next 30-60 days, and ultimately 5x-10 from here. Most new projects are using Curve's liquidity pools to fuel theirs. Sure, plenty of $CRV not in circulation, but those will just minted as yield and rewards for those who have the capital to provide liquidity. Unfortunately $ETH gas fees are pricing out small investors right now.
🔥 COMP Rebound TradeCOMP has seen some bearish pressure over the last couple of hours during Bitcoin's incredible rise earlier today. After some consolidation, COMP has produced a big bullish candle. I interpret this candle as a signal for a new bullish move upwards.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
🔥 COMP/BTC Bullish Trend OpportunityCOMP is one of the crypto's which is been absolutely killing it in the last couple of weeks, especially the USDT pair. However, the BTC pair has been lagging behind a bit.
With today's decline there's appeared a good long opportunity on the COMP/BTC pair. As I'm seeing it, today's decline is merely some of the larger investors taking profits without interfering in the overall trend.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!