COMP
COMPUSDT - Support and bullish divergences
Comp has found a support around $127 and has hit that support two times and is now bouncing of.
This goes wish a llist of bullish divergences on the 4H Timframe, ending with a missing right shoulder divergence.
I expect after this divergence, at least a pull up to the +1 ATR on the 4H TF. Meaning a target of around 145.
Entry should be somewhere around 132-133
Stoploss is a bit below the level of support, 125.
I will exit around 145, and leave a third of the stack run with a trailing stoploss.
entry: 132-133
SL: 124.95
Target 1: 145 (2/3)
Target 2: 156
COMP and his running flat ambitionsGood morning Traders
This is my primary count for COMP.
Seeing this entire corrective move as a larger wave 2 after an explosive W1 from $33 to $373 on Uniswap back in June.
Ultimately looking for much higher as the DeFi space grows in a bull market but targeting $305-$311 for now before a final 0.618 retracement to complete a potential running flat to complete wave 2 before the next leg up (or an expanded flat if the final corrective wave ends up being a deeper retracement).
COMP not done just yet!COMP is currently testing daily, golden retracement and trendline support which I suspect is going to hold considering the hidden bullish divergence signal on 4H stochrsi which usually signals continuation in a trending market. Declining sell volume on this drop in confluence with major support and hidden bullish div makes me boolish at least for the short term.
Targeting $290 - $305 for this next leg up
COMP/USD - Bullish Pattern Developing, buy the retraceCup and Handle pattern developing on a GREAT coin, COMP - the first Yeild Farming coin, looks like we might have a retrace - shooting down to 50% (doesn't have to be that big of a retrace)
Once the retrace breaks, we will check the fib level we shot off of, and if its a Fibonacci Trade, this is a no brainer.
$COMP, Pushing hard over the last 48hs (~25%)$COMP
Pushing hard over the last 48hs (~25%)
Hard to get an R/S flip or even a retest at high timeframes..
Zooming in, opportunities are easier but reaction times are shorter too!
Currently crossing over ~.02 sats resistance, if manage cross/flip it, then ~.022 next
#COMP
Compound (COMP) Support & Resistance Levels MappedWe looked at Compound (COMPBTC) right before a very strong bullish move... We hit it perfect and now we get another wave.
COMPBTC is looking really strong after 4 consecutive green candles.
Prices are trading above EMA50 and aiming to challenge the last peak.
We have strongly bullish indicators and multiple bullish signals... COMPBTC can continue growing.
The next targets, as well as support levels, are marked on the chart.
Namaste.
COMP-USDT ( ATTENTION ) Compound breaked down from the trendline after that made an fake jump to the uptrend and rejected. COMP is still in downtrend guys. Buy zone is only and only after breakout. For people which is holding this coin i prefer to use stop loss at the shared area.
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#COMPUSDT Long another potential 35%COMP looks prime for a LONG here !
After breakout and confirmation, we can see REN rally upto over 35%
If we buy at CMP and the market goes in our favor then so be it, but if it retraces we can DCA more and get a good average price and then go up from there.
Short term traders can benefit too ! 15% is not bad at all.
ENTRY: CMP (198.83)
Targets:
212.92
226.30
268.40
SL: 184.30. Do DCA and buy in Dip
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#BTC moons Alts Rekt
This is what I think.
Share your opinion guys!
Stay safe
#PEACE
COMP/USDT 6h: Descending channel breakout & pullbackCompound is looking bullish at last, it could be a good hedging position during Bitcoin correction.
Current Price= 143.85
Buy Entry= 144.02 - 139.00
Take Profit= 156.91 | 185.43 | 205.51
Stop Loss= 125.91
Risk/Reward= 1:1 | 1:2.85 | 1:4.16
Expected Profit= +32.64% | +92.85% | +135.48%
Possible Loss= -32.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 480h
COMPUSDT - Trend change?Looks like it reversed, break through strong $150 resistance and possibly $170 as well.Will try to catch a retest of $170 for a long, currently looks bullish for me.
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Information is just for educational purposes, never financial advice. Always do your own research.