COMP broke out resistance#COMPUSDT
$COMP broke out from descending resistance and now to confirm it as a support in a point of ascending support.
so it is possible that price increases %40 - %60
don't forget to save profit each %10
COMPUSDT
COMPUSD Upward ContinuationAn underdog coin, with huge potential
As can be seen on chart an inverse head and shoulders has pushed the price above a curved resistance
this will most likely lead to further upward continuation as it is in the lower range of the main channel plotted
only 1 test of 1.618 led to a breakout to 2.618
Hopefully only the 1 test at 2.618 we have seen will be the only test at this level, and a breakout to 3.618 will proceed
COMP/USDT - Long term setup - 200%+Hello, Traders!
When the Index (Bitcoin) rises, most altcoins either lag behind in growth or on the contrary begin to lose value.
This can be used to get discounts on fundamentally strong assets with a clear team and a strong market maker.
At the moment, the price of the asset has gone under the MA100 and MA200 on the daily timeframe, which shows signs of weakness.
In the long term, we can seek purchases on a correction:
30% of the position may be gained in the range of $267 - $339
70% of the position may be gained in the range of $185 - $245.
The range for an exit by stop-loss is $85 - $125
Price levels would be buy targets
$492
$608
$691
$786
$852
Risk/profit ratio 1/5 ✅
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be cosnidered a financial advice
COMP/USDT BUY SIGNALFinally we see a strong bullish tendency across the cryptocurrency market. COMP could be one of the first strong gainers in the coming weeks.
COMP Price in Head and Shoulders.Comp cryptocurrency price at the neckline of the head and shoulder
compound cryptocurrency price looks really good and it can move higher if close above the neckline of the head and shoulders.
COMP inside parallel channels#COMPUSDT
I like parallel channels 😄
$COMP will go down in short term to touch the middle line of descending parallel channel that is the same as lower line of ascending parallel channel.
after that start a new rally to $600
COMPUSDT(CRYPTO)Price Action Analysis and Trade IdeasHello,
In this video I talked about higher time frame price action analysis, order blocks, support resistance, steps of action, 4 different trade ideas, and risk managment.
I used the weekly timeframe to identify my support and resistance, followed by the daily time frame to identify any bearish order blocks.
Hope you enjoyed the video, if you have any questions feel free to ask.
If you like these videos, leave a thumbs up.
If you want to challange my analysis, please do so I want to hear the counter arguments.
Check out my previous video on BLZ for further explanation and rambling.
Cheers,
Compound: Simple Zig-Zag CorrectionCompound appears to have completed a set of 5 impulsive waves, with an extended sub-wave 5, for a first bullish wave 1. It is now correcting in the shape of a zig-zag, the most common pattern for a wave 2. Right now it is tracing sub-wave b of wave 2 and I expect a sub-wave c of wave 2 in the upcoming days that could push the price down to the $325-360 range, which would be an ideal long entry point. This range is derived from a Fibonacci retracement of between 50% and 61.8%, but the 61.8% being the most probable occurence.
COMP LONG TREND UPDATEhello trading friends,
This is a small update for COMP
COMP Shows a great trend for green. and possible that we can see some increase trends coming time.
Manage always your risk, and check the trend on 2 sides.
Target 500 usd+
there is not always a reason to enter the markets always directly.
Have a great coffee time!
like/follow for more content - Thank you
COMP/USDT looks ready to move higher!The Blue Oscillator has broken out above the zero line and looks poised to break out to the upside with initial target of $800. Looking for a pullback in the next few days but then a sharp turn to the upside.
COMP 1D Power is, the mind is not necessary. Where better to buyA very long time ago, we did not publish the idea of a trade pair of Compusdt
Today we decided to publish because COMP Token Compound is one of the few alts, which showed growth last week.
Over the past week, buyers showed an increased interest in the Compusdt pair, it can be seen in the combination price increase + high trading volumes. And we did not find some screaming news that could so push the price up. If we missed something, please write about it in the comments.
Now, the price hit a strong liquid area of $440-540 , which the last price was last checked for strength on the rebound after the May fall.
Now it is more logical that the price will fall for checking the strength of a $240-290 area . If buyers are activated in this zone again, it will be a clear signal for taking a Long position, because then buyers will show that they are strong and there are many of them. In this case, it will be possible to focus on further growth behind the white scenario.
If by that time, the negative mood in the cryptocurrency market will dominate, and the price of Btcusdt will update the minimum, then it is unlikely that the price of CompUSD will go against a common trend. In this situation, you will need to focus on the movement of the price behind the red scenario, and the area of $140-160 will be tasty to buy.
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We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
COMPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 1-day time frame. The price has started a good climb. We expect the price to reach the specified target, and as long as the price is above the black line, we can say that we are in an upward trend. If that line is lost, there is a possibility of price correction and we have specified support lines for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
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
COMPUSDT might pullback or the bulls may push it higher
Welcome back Traders, Investors, and Community!
Hi Traders, COMPUSDT has had the third rejection on the uptrend already. Last 4 candles show that the price is slowing down which might end up another Pullback at the trend line or the Bulls may step in and push the price higher to 370
Here on the H1 the pullback is more clear
We will have more FREE forecasts in TradingView soon
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💡Don't miss the great buy opportunity in COMPUSDTrading 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 64.
Take Profits:
TP1= @ 370
TP2= @ 410
TP3= @ 460
TP4= @ 539
TP5= @ 617
SL= Break below S2
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. . . . . Please show your support back,
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💡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 ❤️
COMP USDT 4 H$comp / $usdt
on the breakout as well, trying to flip 4-H EMA 100
if an entry comes around 265$ - 270$ it would be good
335$ at 4-H EMA 200 should be the first area to watch out for followed by a move towards 375$
where is $COMP headed? $350 or $88?$COMP has pulled back more than 80% from its all time high of over $900. The area around $240 is an important area of value. If we see further correction and pullback, the market could remain between $240 and $88 for a bit and it will not be surprising if it bottoms back near $88. On the other hand, the bearish price action over the last few weeks could finally lose some steam. $240 could act as an area of support and price could remain between $240 and $350. Watch the video to get a sense of why these numbers are important and how they create important levels. Nothing here is investment advice. Use this information as a tool to understand $COMP price action and market structure and as always please do your own research before you enter a trade.
Compound: One Last DowntrendThis DEFI lending platform is showing a clear Elliott Wave count: a gigantic primary zig zag, where there is only an intermediary wave 5 of primary c to finish. In other words, there is still -30% potential from current level, so the target would be $150. It seems like a crystal clear textbook count to me.
