COMPUSDTHello 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 .
Compound
COMPUSDT Can Explode at Any Moment | Compound Analysis Today💎 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 below the $49-$47 support range could alter the course.
💎 The primary and secondary support zones emerge as promising entry points to capitalize on this anticipated bullish surge.
💎 In the ever-evolving realm of crypto, staying informed is the key to thriving. Stay tuned and navigate your trading journey wisely with #MyCryptoParadise.
COMP/USDT Swing setupSmaller allocation as the entire market is a bit strong on the bearish side. Buying range and TPs mentioned.
Triangle Pattern | $52Daily Chart
Compound BINANCE:COMPUSDT is in the triangle pattern and trading at 63.9x
Compound rejected 3 times from the support. That means it can go up to the resistance around 72 or further higher trend line
If Compound close below 60, it will go down the support around 52
Wait for next move
Beware H&S comingI don't like what compound it's drawing in daily time frame, so beware if the resistance will break, surely we will touch 44/33 USD
Compound COMP price rose from the dead)The Compound project was fundamentally quite strong when it was sold / presented to crypto market participants)
However, over the 2 years of being in a downward trend, the price of t he COMP token has fallen 39 times from a high of $910 to a low of $23.
And now, in the last two weeks, a miracle has happened, the price of CompUSDT has come to life and is showing steady growth. Moreover, it is catching up with the crypto market, which started growing much earlier.
Currently, looking at the chart, we do not believe that the CompUSD price will break through and consolidate above the strong resistance zone above $55-65 at the first attempt.
Unless you have an insight as to why the COMP price should grow non-stop right now, then please share it in the comments)
In all other cases, we consider it safe to buy COMPUSDT only when the price is firmly established above $65
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COMP: Pullback in UptrendCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption and hit a high of $87 where some trader began taking profits. Priced pulled back to the nearest support of $60, which also lines up with Fibonacci levels of $62 (38%) and bounced right off of that. Upside potential to $90 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, which it broke, then $93.
COMPUSD: 1W candle turning green pointing to a rally continuatioCOMPUSD has been a very profitable crypto for us lately (last idea at the bottom) and as it crossed above the 1 year Channel Down invalidating it, the 1W timeframe turned bullish (RSI = 65.140, MACD = 5.050, ADX = 32.042).
If the 1W candle closes green on this bullish pinbar, we will buy again and target the 1W MA100 (TP = 100). The upside potential is significant as the recent Bullish Cross on the 1W MACD was formed under the 0 level.
Prior idea:
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COMP: Pullback in UptrendCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption and hit a high of $87. Now we’re likely to see some profit taking selling pressures, which could offer an attractive swing entry in uptrend. Where will this pullback find support and stabilize? Nearest support is at $60, which also lines up with Fibonacci levels of $62 (38%).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, then $93.
Compound Token (COMP) Analysis 08/03/2021we had our previous Publications TP Achieved
currently we can see a Bullish Hidden Divergence of price with MACD, which is the sign of trend continuation,
using Fibonacci Projection for the Target Specifications.
1TP is the parallels leg of Fibonacci projection and easy to achieve by nest impulse wave after the current retracement.
if 2TP triggered with the first rally then we may have a price correction and our 3 TP is confirmed.
COMP: Resistance BreakoutCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption, with upside potential to $93 resistance.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, which it broke, then $93.
COMP/USDT Price Analysis: $92 Resistance Looms! Will the BullishTechnical Analysis of COMP/USDT: Bullish Momentum with Potential Retracement
In this technical analysis of COMP/USDT, we will explore the current price action and trends of Compound (COMP) against Tether (USDT).
Overview:
COMP is currently trading at $66, representing a significant increase of 200% within a span of four weeks. The recent breakout confirmed on the weekly time frame suggests an overall bullish sentiment in the market, indicating potential upward movement. However, a retracement to around $46 may be expected before the next leg of upward momentum.
Bullish Scenario:
If COMP manages to surpass the recent high of $72, it could trigger an upward rally towards the strong resistance level at $92. This level should be closely monitored as a successful breakthrough might lead to further gains. It is essential to consider these resistance levels when evaluating potential price targets.
Resistance Levels:
$92
$174
$365
Support Level:
The anticipated retracement could find support around the $46 mark. This level might provide a buying opportunity for investors looking to enter the market or add to their positions. However, it is crucial to exercise caution and wait for confirmation signals before making any investment decisions.
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COMPUSD Ranged trading and buy if this level breaks.Compound (COMPUSD) is rebounding after the initial rejection on the 71.500 Resistance that goes all the way back to the August 10 2022 High. As long as it holds, we will trade within that and a Higher Lows trend-line. The 1D RSI pattern is identical to the January 15 - 30 peak formation, which also traded in range before the 1D MA50 (blue trend-line) broke and completed a nearly -40% decline.
As a result, if the 1D MA50 breaks again, we will calculate a rough -40% decline from the last High, most likely that will be around 45.000.
A 1D candle close above the Resistance though, will be a bullish break-out for us and we will target a potential 1W MA100 (red trend-line) test at 100.000.
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COMPUSDT.PIt`s almost time for another LONG entry .
We wait for the system to give us an entry signal.
Double top.Assuming it’s a double top, if we don’t see a strong breakout with high volume above $71
We can expect a drop to at least $45
A bounce and possibly lower to around $35 but $42-$45 is a good entry point for a scalp
Keeping in mind Comp All time high was $915, we see strong rejection around $71 but is a drop in the bucket compared to what it could be in the next bull run.
With a 52% increase within the week and a 80% increase within the month
Anything above $71 could trigger another push
However on the daily we are currently overbought.
Good luck and have fun with it!
COMP, CELOHello?
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(COMPUSDT chart)
Looking at the 1M chart,
If the price holds above 63.70, a move up to the 111.96 point is likely.
Looking at the 1D chart,
We need to make sure that it is supported around 63.70-64.95.
If it declines, you should check for support near 46.48-56.89.
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(CELOUSDT chart)
Looking at the 1M chart,
A volume profile section is formed at the 1.469 point.
Therefore, it is expected that the full-fledged uptrend will begin only when it rises above 1.469.
However, since the HA-Low indicator on the 1M chart is formed at the 0.774 point, buying is possible when it is confirmed that it is supported around 0.774.
Looking at the 1D chart,
The HA-Low indicator of the 1W chart is formed around 0.536.
Therefore, the key is whether it is supported and rises around 0.517-0.536.
Once supported and started to rise,
1st: 0.670-0.711
2nd: 0.774
Split selling is possible when resistance is received near the 1st and 2nd above.
However, since it is currently within the downtrend channel, there is a possibility that the upside may be limited, so it is necessary to be cautious in trading.
(CELOKRW chart)
Looking at the 1M chart,
Looking at the distribution of trading volume, it is expected that a full-fledged upward trend will begin when it rises above the 1035 point.
Looking at the 1D chart,
It is located at point 716 of the HA-Low indicator on the 1W chart.
Accordingly, the key is whether it can be supported around 716 and rise above 762.
If the price holds above 762, it is expected to break out of the downtrend channel.
However, since the volume profile section is formed up to the 1035 point, it is expected that the rise will be limited.
Accordingly,
1st: 847
2nd: 976-1035
Split selling is possible when resistance is received near the 1st and 2nd above.
Below 675 is not an easy area to trade, so we recommend waiting until it rises above 675.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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COMPUSD: Closed over the 1D MA200 flashing a strong buy signalCOMPUSD closed the 1D candle yesterday over the 1D MA200 for the first time since April 18th, giving a strong buy signal despite turning overbought on the 1D time frame (RSI = 73.112, MACD = 1.660, ADX = 54.712).
We are taking a buy here, targeting the 0.786 Fibonacci level (TP = 55.000).
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COMPUSDTI put my last chart about COMP in down this chart.
It must touch green line for a great rise.
Nice risk/reward ratio for COMPCOMP is currently chilling at daily support level and right at the bottom side of the huge triangle, showing RSI divergence on 4h and 1d time frames. Giving possible upside move with more than 50% and small risk with stops below support & trend line could be a nice play.
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COMP to MOON#COMP is preparing for breakout and rise to $173.
Take long position after breaking trend line.
