comp/usdt compound double bottom #long #bullishcomp/usdt dumped hard recently from 270$ to 125$
now its trading around 143-144
double bottom is clear in chart
we will buy the break of resistance around 148$
entery now at 144 is higher risk
targets :
152.5
159
165
175
after you buy stop should be 4H candle close below 137.98
good luck
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COMPUSDT
COMPUSDT, Do you like a huge ratio?We have a great opportunity here.
If the price will show a re-low of the Support Level you can look for the Buy entry above the level.
The potential profit will be in 10...20 times bigger than the risk.
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COMP not done just yet!COMP is currently testing daily, golden retracement and trendline support which I suspect is going to hold considering the hidden bullish divergence signal on 4H stochrsi which usually signals continuation in a trending market. Declining sell volume on this drop in confluence with major support and hidden bullish div makes me boolish at least for the short term.
Targeting $290 - $305 for this next leg up
Crazy COMPOUND potential !COMP show interesting signs after retrace Wave 1 to 0.618 FIB. Same for COMPBTC pair.
Potential looks crazy even considering first Wave 3 target at 1.618 (based on Elliot waves analysis). DeFi hype could help.
We do not have a lot of datas for the moment so we have to follow. Let's see
See u
COMP-USDT ( ATTENTION ) Compound breaked down from the trendline after that made an fake jump to the uptrend and rejected. COMP is still in downtrend guys. Buy zone is only and only after breakout. For people which is holding this coin i prefer to use stop loss at the shared area.
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#COMPUSDT Long another potential 35%COMP looks prime for a LONG here !
After breakout and confirmation, we can see REN rally upto over 35%
If we buy at CMP and the market goes in our favor then so be it, but if it retraces we can DCA more and get a good average price and then go up from there.
Short term traders can benefit too ! 15% is not bad at all.
ENTRY: CMP (198.83)
Targets:
212.92
226.30
268.40
SL: 184.30. Do DCA and buy in Dip
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#BTC moons Alts Rekt
This is what I think.
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COMP/BTC (Retest Golden Fib Support?)COMP/BTC
-Compound is now down by -30% from the recent high
-It is approaching a key area of support
-This zone is a confluence of Golden Fib, 200ma&50ma plus key trendline
-If we can see Bullish rejection at this zone
-This will give a strong bias of potential bounce up reaction
-I'll be watching this area if this level will be tested
COMP/USD (Short Term Uptrend?)COMP/USD
-With the help of Cross Ultimate indicator, we manage to find the good entry position
-The perfect entry was the breakout of local resistance at $141
-Also, the Cross Ultimate indicator gave us a strong bias of reversal signal
-The price started increasing and hits all our Take Profit targets
-I do not recommend to enter at current market price
-Please wait for the pullback at potential support located around $211
COMP/USDT 6h: Descending channel breakout & pullbackCompound is looking bullish at last, it could be a good hedging position during Bitcoin correction.
Current Price= 143.85
Buy Entry= 144.02 - 139.00
Take Profit= 156.91 | 185.43 | 205.51
Stop Loss= 125.91
Risk/Reward= 1:1 | 1:2.85 | 1:4.16
Expected Profit= +32.64% | +92.85% | +135.48%
Possible Loss= -32.64%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 480h
DEFI continues to rip!There are a lot of coins that are still looking for use cases out there. I remember when there were coins that said that they can do anything and everything. They would even tie your shoe for you! According to the shills that is. Right now in crypto, there is a group that just doesn’t stop. That is the newly founded Defi movement. These coins have found an area where they can actually be useful. In a world where interest rates are in the zero bound, how can savers make their 7%?It sure isnt high interest savings accounts or bonds. What about high dividend paying stocks? Well dividends are being cut left right and center! Defi has that answer with many different ways to make that happen. So what coins are part of this?
Well there are a couple of ways to track them. I personally have made lists from some of the sites like coinmarketcap and coingecko. They both have tabs specifically for the Defi movement. FTX exchange also has a Defi ETF that gives you exposure to some of the bigger names in the space. We will use that as a charting tool.
So if some of the bigger names in the space have done 100% in 50 days, what are some of the smaller cap coins doing? The answer is way more. We can cover some of the specific names over the next few days, but one thing is for sure, this is the area that the money is flowing to right now in crypto. So manage your risk and keep your head on a swivel!
Happy Trading!
Brandon Anderson
www.derzzycharts.com
COMPUSDT - Trend change?Looks like it reversed, break through strong $150 resistance and possibly $170 as well.Will try to catch a retest of $170 for a long, currently looks bullish for me.
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Information is just for educational purposes, never financial advice. Always do your own research.