COMPOUND looks to make a new high trend with breakout effect.Hello trading friends,
This is an update for COMPUSDT.
Depending on the study trend - we could enter a new high trend with a possible breakout of the compound.
Depending on the chart show, it shows the box close possibility trend.
60% + could be a possible increase trend for COMP coming time.
Don't expect to fast changes - market going on their way.
- This is not a trading call - Trade only depends on your setups.
Good time
COMPUSDT
Video: COMPUSD Looks Very Similar to Doge. Here's what to watch
In this video I'll show you what I've spotted on the COMPUSD chart and what I would be watching/waiting for before I took an entry.
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Link to Static Posts:
Dogecoin - www.tradingview.com
CompUSD - www.tradingview.com
COMP/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The start of this count is around the $84 area ( wave 1) and we've reached the bottom of $99 or so (wave 2), I highly doubt we will go anylower than $99 but if we do, this chart is still valid as long as we're above $85.
Wave 1 - $900
Wave 2 - $99?
Wave 3 - 1500??
Wave 4 - 750??
Wave 5 - 2222??
Will update as price targets reach or chart becomes invalid.
COMP / COMPUSDT super bullishHey everyone
I am super bullish on this altcoin for multiple reasons.
1: charts/TA
Beautiful double bottom and ATL retest
Red line can be broken here with a breakout
Blue lines seem to be the general idea for now
Combined with low RSI and volume profile.. this is a gem.
2: fundamentals
70% supply released. Deflationary coin.
Beautiful Defi coin, backed by big investors and whales
Currently ranked at #92. Too low for the fundamentals in my opinion. Comp deserves atleast #60. Meaning huge inflow imo.
3: longer term idea is $1000 to $3500 because of strong fundmentals. Considering all cryptocurrencies going up and an altcoin run.
Shortterm is already x4 as you can see.
4: Comp hasn't seen any pumps last weeks. There is a good chance it will be "it's turn" soon. Like for example on Waves atm.
Which means a huge opportunity when we buy today. Really a longterm coin this one.
Start of major Wave 3COMP has reached the 100% extension of the C wave as shown on the chart. I use Trend Based Fib. Extension tool to predict potential reversal areas.
As you can see we had a complex major ABC correction that lasted almost 10 months.
I am expecting a major wave 3 that could bring us to well above 1000usd. For this theory to have higher probability of happening, we need to break the 200usd soon. At that point I will become even more bullish.
My target for this trade will be 370usd and I will reassess at that point.
Follow for more updates.
Compound (COMP) Buy ZoneCompound (COMP) Buy Zone
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BIAS
Mid-Term : Neutral
Long-Term : Neutral
Risk : Medium
With around 50% correction from mid term high, Compound is getting ready for a bounce in a couple of weeks.
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$COMP/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 112.5 - 125
TP 1 : 129.5
TP 2 : 134.5
TP 3 : 145.5
TP 4 : 154
TP 5 : 162.5
TP 6 : 172.5
TP 7 : 183
TP 8 : 199
Stop Loss : 97.5
*Maximum 2% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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COMP broke down ascending support #COMP/USDT
$COMP dropped to 1.618 fib level of BC swing up, as mentioned in previous weekly analysis.
there is a descending resistance line that if price success to break it out, it can pullback to ascending broken line and possible to drop more to 2 fib level of BC then increase to resistance zone between $300 and $400.
COMP above middle line of parallel channel$COMP touched the middle line of descending parallel channel that is the same as long term support.
holding the middle line will increase price to break out from channel. for starting a new rally price has to break out from last yellow trend line maybe around $300.
if price break down from middle line it will drop to $80 and below that I think better to say goodbye to this coin.
COMP - when is the best time to buy ?COMP is moving in a downtrend but there is a volume at the bottom. This is a good signal. A trend line and a key level can be identified on the chart.
Whether the price will immediately break through the trend line or collect liquidity below the key level is unknown. But in both cases, a break of the trend line could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
SIMILAR BULLISH PATTERN TO DECEMBERVery similar pattern to the action that happened in December where the price pumped from 180 to 250 levels.
Since level 180 USDT showed as a very solid support zone, I expected the price to go higher in the following days.
If we do so, we can expect the price to be pumped to the local resistance around level 200 USDT as it also stands for a psychological resistance zone, if we manage to break this price, I am predicting to pump into 240 USDT levels.
Please feel free to share your opinions and thoughts!
Thank you for any support or advice!
COMPOUND - Bottom trend Hello trading friends,
Compound showing a trend where it could be possible that this is a new button area for new uptrend gain.
This depends on the historical trend 2021.
It's a coin with long-term expectations.
Targets
249 usd are at long term a great target, as this is also the main target and split target.
The compound is not for the fast expecting, it can take some time, but even with the before breakdown trend it's still healthy for new range gain.
Have a great day