COMPETH - Watch this Travel to Lower Edge of ConsolidationWe've some seriously strong trades from CTv2 with COMPETH over the last 12 months - and this 10% short could be another one!
With the price having recently been rejected creating a descending trend line and the price dropping below a historical level of support/resistance; it looks like we've once again entered the consolidation area which the price has ranged in numerous times before.
There'll inevitibly be some choppiness to this trade but we're pretty confident we'll very soon see the price hit the lower edge of this consolidation zone, offering a nice 10% profit in this short trade from CTv2 as it goes!
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COMPETH
COMP to $720?Compound seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 720 and even higher.
ENTRY: triangle high @ 532
SL: local low @ 474
TARGET: height of the triangle projected from midpoint of the local range @ 720
RRR: 3.3
INVALIDATION: when SL level hit
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Check also the previous COMP trade down below (also triangle breakout).
comp will breakout now !!!mostly all hour chart is just perfect but 1 day chart is superperfect . support and resistance are based on 1 day chart . if it break out next
target are 635 / 712
support 404 / 346
if it breakout then 521 zone will be a strong support .
a green line will act as support if it didnt breakout and pull backward .
2 posible breakout .
1 ) blue color line
2 ) green color line
fully focused on 1D candle . you can see some downtread in 4h or 1 h . but we are looking for big
