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COMPUSD

Potential Short term Short on COMP/USDTWe have some bearish divergence on Compound/USD with a lower highs being made on the RSI while Higher Highs being made on the price.... Next potential high and resistance looks like it lines up with the rising wedge, the .236 Fib, and the 300 EMA... Looking to enter a short, from 370-380 with an exit target around 330. Also keeping in mind the BTC is also looking week and if BTC breaks down then I will just hold on to my COMP short worst case take a stop loss /stop profit in the 350 range... If it fails a stop loss will be placed in 410 for protection of capital.
KRAKEN:COMPUSDShort
by BlockchainBreakdown
3
COMP Breaks 40 Day Falling Wedge Pattern-COMP has revived nearly 70% since its low of $195 -Price has recently broke a falling wedge pattern -COMP needs to stay above 200MA to continue revival Compound has recently grown much in light of its DeFi capabilities the last year. The price has seen some growth but not as much as its competitors as it is up a mere 85% over the past year. Unfortunately 99% of cryptocurrencies follow BTC’s price action which has left the majority of the market flat, including COMP. Although, a break out of its falling wedge pattern may signal a trend change Is upon us. After breaking free of the 45 day falling wedge, COMP slashed right through its major resistances of $265 & $285. Since then, COMP has been playing with its major resistance zone of $330-$357. Compound must break and HOLD this area to be clear for significant revival. This area has proved to be an important zone the last 5 months and until COMP can fully clear this mark, it is still considered in a bearish downtrend. Along with this major resistance zone, COMP has been attempting to hold above its 200MA for the first time in nearly 45 days. If price fails to hold this MA and falls below, it is very likely to see a retracement back to the major support of $285. In the case bears continue to hold control, COMP will test the $265 mark and will be in danger of a larger fall if that major support can not hold. While looking at the RSI, it is easy to see a trend line has been respected since the low of $195 had formed. If strength stays above this trend, all is well and COMP will be in a great position to continue revival. The MACD is signaling a slight bearish bias as the MA’s have created a slight double top and have also crossed bearish. A retest of the 0 value looks likely. 

COMP intraday levels Spot rate: $327 Trend: Bullish Volatility: Medium 
Support: $285 Resistance: $330
by CoinGape
1
💡Don't miss the great buy opportunity in COMPUSD Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (307). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . COMPUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 370 TP2= @ 410 TP3= @ 460 TP4= @ 539 TP5= @ 617 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 / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
7
Compound (COMP) - June 15Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W Chart) If the price holds above the 250.561321 point, it is expected to maintain an uptrend. (1D chart) We need to see if it can move above the 336.093037 point to find support. To transition into an uptrend, it needs to rise above the 369.536000 point and find support. If the 460.343872-490.764132 section does not turn upward, it is expected that the downtrend will continue, so careful trading is required. If it goes down, we should see support at the 250.561321 point and see if we can move along the uptrend line. ------------------------------------- (COMPBTC 1W chart) We need to see if we can break out of the downtrend line while maintaining the price in the 0.006573-0.011285 range. To create a new wave, it must rise above the 0.013085 point. If it falls below the 0.006573 point, it may take a long time to rise, so trade cautiously. (1D chart) We'll have to wait and see if we can move above the 0.008976 point. If it goes down, you should check to see if it finds support at the 0.006526-0.007343 range. To convert into an uptrend, it needs to rise above the 0.010745 point and find support. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:COMPUSD
by readCrypto
COMPUSD- Looking STRONG-67% Move Coming?!COMP/USD giving us multiple bull signals! In the 1H, it's congquered the 55EMA! the 100 EMA,! the 200EMA! and is chasing the 300EMA (purple)! The last time this happened it made a 75% move! Also, notice the 55EMA is serving as support. Since we've got aggressive price action in the 1H, it's possible it completes this move in a day. Let's see how this plays out! Just my humble opnion folks. Take care with all your trades. Good luck to all!
COINBASE:COMPUSD
by moneypenny275
Compound (COMP) - May 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W Chart) (1D chart) We have to see if we can climb above the 383.631580 point and gain support. If it continues to fall, it can touch the 338.424780 point, so you need to trade cautiously. We will have to wait and see if the 383.631580-420.636604 section can move higher with volatility around June 1-7. It needs to rise above the 490.764132 point and find support to turn into an uptrend. It remains to be seen if the upward break above the 531.651680 point can accelerate the uptrend. ------------------------------------- (COMPBTC 1W chart) (1D chart) It remains to be seen if the 10608 Satoshi-11425 Satoshi section can find support and move up along the uptrend line. If it falls from the 10608 Satoshi point, Stop Loss is required to preserve profit and loss. However, it may follow an uptrend line, so trade with caution. The 9675 Satoshi-11285 Satoshi section is an important section, and if it rises in this section, it is expected to turn into an upward trend. However, the key question is whether it can cross the downtrend line. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price is below your average unit price whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the funds that ultimately correspond to the profits can regenerate the profits. -------------------------------------------------- ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:COMPUSD
by readCrypto
Compound (COMP) - April 29Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W chart) (1D chart) We need to see if we can get support and climb in the 642.666756-679.671780 section. If it falls, you need to make sure you get support at 531.651680. If you go down at 420.636604, you need Stop Loss to preserve your profit and loss. If you break above 679.671780 and gain support, it is expected to create a new wave. ------------------------------------- (COMPBTC 1W chart) (1D chart) We have to see if we can get support and climb at the 11425 Satoshi point. If it falls at 8976 Satoshi, Stop Loss is required to preserve profit and loss. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:COMPUSD
by readCrypto
2
COMPUSDTI got a feeling that too many of you guys are stuck in this coin day trading. I did a great jump up, FOMO happened and here comes the dump. If you still got it and your liquidation point isn't anywhere close, hold it. It's got 2 strong supports + a strong lower Bollinger band which can activate support even more and stronger than before. It's an alt coin so you won't end up losing money if you don't panic sell now. This is not a trade setup, it's for the people who already bought this coin and are having panic sells. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
Compound: Breaking OutTo stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com With DeFi largely underperforming its peers over the past few months, it comes as no surprise that we're starting to see bullish momentum rotate back into the space over the past few days. This is evident when looking at DeFi's total value locked (TVL), which just jumped from $52.5B on Monday to today's reading of $59.8B. Compound (COMP) is among the various DeFi plays that appear to be regaining bullish momentum... If you're not familiar with Compound, what you should know is that Compound is a software running on Ethereum that aims to incentivize a distributed network of computers to operate a traditional money market. Compound uses multiple cryptoassets to provide this service, enabling the lending and borrowing required without a financial intermediary like a bank. Put simply, Compound allows users to deposit cryptocurrency into lending pools for access by borrowers. Lenders then earn interest on the assets they deposit. Once a deposit is made, Compound awards a new cryptocurrency called a cToken (which represents the deposit) to the lender. Examples of cTokens include cETH, cBAT and cDAI. Now, moving onto the technicals... Per the 1-day chart provided above, we can see that COMP punched through $555 resistance earlier today and climbed to an all-time high of $593. With COMP having traded between $400 and $555 since February, today's breakout appears to have bucked said trend. Assuming we see COMP close above $555, and turn said resistance into support, we could see COMP enter back into price discovery mode as DeFi heats up yet again. But as always, where BTC trends next will likely dictate whether or not COMP can push higher.
KRAKEN:COMPUSD
by phum126