Important resistance zones are along the green lines I have plotted a nice bowl structure that encompasses the bear move and the following bull move that is to come. A clear double bottom along the bottom green line.
💎 Paradisers, focus on #COMPUSDT as it presents a noteworthy trading opportunity. Currently, the asset is navigating a descending channel, showing strong indications of an impending upward movement from a crucial support level. 💎 Over the past month, #COMPOUND has adeptly followed its channel trajectory. Now, having touched the internal key support level at...
Maker exhibits a continuing upward trend, moving fluidly with occasional technical corrections and brief pullbacks. Currently, Maker is nearing the resistance zone between $1,568 and $1,637, coinciding with the asset's yearly high. The primary objective for MKR now is to maintain its growth trajectory. Should buyers manage to break through the aforementioned...
BINANCE:COMPUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Around 460 days we are in downtrend! Last time for Comp was enough 145 days for accumulation stage before pump, lets see how it plays this time. Sellers and buyers local block I marked...
In August, COMPBTC exhibited a precise bounce off the 78.6% Fibonacci support level, marking a significant turning point. Subsequently, the price has primarily traded within a range, all while staying below the downtrend trendline. However, a noteworthy development is the emerging pattern of higher highs and higher lows, hinting at potential preparations for an...
Compound (COMP) technical analysis: Trade setup : We wait for price to break back above $47 resistance and 200-day moving average (~$45), which could signal resumption in Uptrend with near-term upside potential to $60 resistance. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal...
Compound grew by +180% from bottom to channel top. It's very volatile altcoisn which can impress traders and investors, but now it's indise the channel mid. The first confirmation of the upcoming growth will be the close of the Weekly candle above the mid of the channel. Usually, it becomes good support. 💥The targets in case of fall or close above the channel...
Got stopped out of my last position in COMP due to a trailing stop. Not mad tho. Ended up with 21% profit in the pockets. I hate to be out of this trade esp. since the MM's have been moving everything up during off hours. This bull flag here looks primed and prepped. Additionally, we have a hammer candle on the daily. Entry was 43.73. I'll target 58. SL will be 39...
💎Yello Paradisers! Get ready for a thrilling venture with COMPUSDT. We've detected a triumphant escape from the descending channel, paving the way for a potential bullish ascent. 💎From our prior assessments, we witnessed the metamorphosis of demand into supply, with COMP revisiting the falling channel support. 💎At this time, the substantial volume in VRVP is...
COMPUSD is consolidating under the MA50 (1w) since mid August with the RSI neutral/ borderline bearish. There is a Rising Support on the RSI (1w), which is filled before every rally. The Support Zone has priced all 3 of those RSI bottoms. Trading Plan: 1. Buy the next pull back on the Support Zone. Targets: 1. 130.000 (Rising Resistance as well as slightly under...
Trading is a powerful term in the lexicon of financial conversations, often grouped with investing, indicating a strategy focused on gaining profits in the market. But dig a bit deeper, and you'll find that trading is not only different from investing, but it also offers its own unique set of exciting options for those who want a bit of adrenaline rush coupled...
Traders, Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules. Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual...
Compound (COMP) technical analysis: Trade setup : After 3x-4x gains from June’s lows of $20-30 to highs of $85, traders have been taking profits (selling pressures). However, price is now oversold (RSI < 30) and near $47 support level (also 200-Day Moving Average), which could be a swing entry in Uptrend. Fibonacci levels are $62 (38%) and $47 (62%). Trend :...
We’re at the .618 area of retrace,ent which typically has some support but I believe we could se a further drop to $43 or even $38…. $28 is the last resort….Plan to see some movement in these areas, and hold for the long term gain. Once we break back over $78 we could see it follow the strong bull market. There is a possibility of getting a scalp trade from...
Chart 4H TF Compound BINANCE:COMPUSDT is pulling back to resistance around $56 If price reject that level again, you know what need to do Just wait reaction at that level and decide
Hello traders AS the USDT.D is seizing all the market focus on short positions . COMP one of the best for buy when hit the drawn support. Dangerous trendline is broken .
💎 COMPUSDT is showcasing an optimistic outlook, poised to accelerate its momentum imminently. 💎 Notably, COMP has been tracing the Elliot Wave sequence from 1-5. Post this wave, the price underwent a correction and revisited its support. 💎 At this juncture, COMP has secured liquidity and seems prepped for its subsequent ascent. Yet, caution is advised as a dip...
Smaller allocation as the entire market is a bit strong on the bearish side. Buying range and TPs mentioned.