COMPUSDTA flat corrective wave was made for the historical decline of the currency, and it is supposed to complete the decline of a last strong motive, and then a sideways path
Note: The analysis was done based on Elliott School
COMPUSDT
COMPUSD 1D SLOW ZONEOBV is flat at the moment and hitting resistance.
If it can brak this, we can see movement towards 57-59.
59.5 is the next good resistance co-inciding with .618 Fib
Looks like a consolidating zone between 53-56
COMP Manipulation in Horizontal Accumulation 🔄💰Compound (COMP) has been engaged in an extended period of trading within a well-defined horizontal accumulation range, featuring clear boundaries at both the upper and lower ends. This characteristic setup provides ample opportunities for significant players to manipulate the market, given the presence of hidden stop-loss orders. The recurrent strategy involves strategic sweeps of either boundary, leading to notable reversals. The current anticipation is for a retest at $35, facilitating a sweep of the lower boundary and paving the way for an upward move towards the initial target at $68.
🔄 Dynamics of Horizontal Accumulation:
COMP's extended trading within a horizontal accumulation range establishes distinct upper and lower boundaries. This structure creates an environment conducive to market manipulation, particularly by significant players seeking to exploit hidden stop-loss orders within the range.
🎯 Stop Loss Hunting Strategy:
The dynamics of COMP's trading involve a strategic approach known as "stop-loss hunting." This strategy capitalizes on the formation of liquidity pools at the upper and lower boundaries, encouraging traders to place stop-loss orders within these levels. The subsequent sweeping of one of these boundaries triggers the stop-loss orders, leading to market moves.
🚀 Execution of Strategic Sweeps:
COMP executes strategic sweeps by intentionally triggering stop-loss orders at either the upper or lower boundary of the horizontal accumulation range. Each sweep has been historically followed by a significant market reversal, allowing players to capitalize on the ensuing price movement.
🔍 Anticipated Retest and Upward Move:
The current expectation is for COMP to retest the $35 level, providing an opportunity for a sweep of the lower boundary. This strategic move aims to clear out stop-loss orders and set the stage for an upward trajectory. The initial target for this upward move is set at $68.
💡 Trading Considerations:
Traders observing COMP should be mindful of the stop-loss hunting strategy at play. The retest at $35 could serve as a crucial juncture for potential market manipulation and subsequent upward movement. Implementing effective risk management strategies is paramount for navigating such market dynamics.
🔮 Future Outlook:
The technical analysis suggests that COMP's trading behavior within the horizontal accumulation range provides strategic opportunities for market manipulation. Traders should closely monitor the retest at $35 and be prepared for potential moves as COMP aims to sweep the lower boundary and target $68. The cryptocurrency market's dynamic nature emphasizes the importance of adaptability and risk management in trading decisions.
COMP SHORT SETUPAn ABC is seen which appears to have been a bearish triangle wave B.
Now it seems that you are in the final wave of this triangle, i.e. wave e of B
The red box is expected to drop towards the specified targets.
I put the targets on the chart. Closing a 4-hour candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COMP/USDT Gearing Up for a Bull Run? 👀🚀COMP Analysis💎 Paradisers, turn your attention to #COMPUSDT, as it's currently showing promising signs of an upcoming move from a key demand level.
💎 #Compound is tracing an upward path, indicating a potential bullish breakout from its current demand level. It's anticipated to retest the demand level at $47.5 before continuing its upward trajectory. If #COMP can maintain its position above this level, it sets the stage for an ascent toward the significant supply zone at $84.
💎 Nonetheless, If #COMP encounters resistance in holding its ground above the $47.5 level, a strategic shift in our trading approach might become necessary. In that case, we would adjust our focus towards initiating a bullish movement from a slightly lower bullish OB level at $38.7.
💎 Keeping a vigilant eye on this level is critical, as a drop below could trigger a significant downward move.
💎 Stay alert and prepared, Paradisers. Your ParadiseTeam is committed to offering the latest market insights and strategic guidance to ensure you're well-prepared to handle these market developments.
COMPUSDT Elliott Waves Analysis (Investment Idea)Hello friends.
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Everything on the chart.
Main(investment) target zone: 850 - 1000$
Targets: 200 - 400 - 900
Cancellation of setup - consolidation under ~25
RR: 1 to ~30
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
📈🚀 Comp/USDT 200% Bullish Move Incoming! 📈🚀
📅 Weekly Time Frame Analysis:
The market structure of Comp/USDT has recently transformed into a bullish trend, indicating exciting opportunities ahead. In the coming days, we may witness a potentially remarkable bullish move of up to 200%! 🌟💪
🔍 Remember: Conduct Your Research!
Please note that this information is not financial advice. It is essential to conduct thorough research and analysis before making any investment decisions. ❗🔎
Trade wisely and stay informed! Good luck! 🤞💰
COMP UPDATE (4H TF)It seems that from where I entered "Start" we are inside an ABC, which is a diametric B wave and it is over. And now we are in wave C.
If the price reaches the supply range, we will look for sell/short positions in this range
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
compIt has a small resistance in the red box, which can see the above targets if it is crossed. If corrected, it should be seen how it will react to the green lines.
COMP: Resistance BreakoutTrade setup : Bullish break out from Symmetrical Triangle pattern, above 200-day moving average, signaled resumption in Uptrend. Bullish break above $60 signals continuation of uptrend, with upside potential to $80 near-term. Stop Loss (SL) at $54. Watch our recent Trading Video explaining a recent trade setup, including Take Profit and Stop Loss levels, and calculating a Risk-Reward Ratio.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $47 (previous resistance), then $36. The nearest Resistance Zone is $60, then $80.
comp usdtBy examining and analyzing this chart, we notice the failure of the structure in the style of order accumulation, that pending orders are set at the bottom and middle of this accumulation, and we enter step purchases at the specified prices with a specified target in the picture.
TOTAL DEFI MARKETCAP LONG-TERM TOTAL DEFI MARKETCAP LONG-TERM
parallel channels within parallel channels :D
2024 is a candidate to be the year of defi again.
Best DE-FI projects:
AAVE/USD
MAKER/USD
COMP/USD
UNISWAP/USD
COMPUSDT - Recovery IdeaImportant resistance zones are along the green lines
I have plotted a nice bowl structure that encompasses the bear move and the following bull move that is to come.
A clear double bottom along the bottom green line.
COMP LOOKS BULLISH (1D)By examining the COMP chart, we can see that this symbol has completed a major double correction. What appears to be the second part of this double correction is a large triangle that is coming to an end By maintaining the green area, it can continue to climb. I have specified 2 targets for this symbol.
COMPUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: Market and lower
Targets: 60 - 63 - 66
after first target reached move ur stop to breakeven
Stop: ~45 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Comp going to jump soon!BINANCE:COMPUSDT price is boren a major resistance. if we can hold this level soon it will go 70+ area . Also btcdom is going lower. Bullish for all alts in general.
compMaybe we have such a scenario
First, there is a red box in front of us
If it does not reject, the lower green lines are suitable for buying
COMP/USDT - Compound: Trend Reversal◳◱ On the $COMP/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 59.61 | 63.45 | 72.81 and support near 50.25 | 44.73 | 35.37. Entering trades at 53.01 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Compound
▣ Rank: 149
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Financial - Lending
▣ Overview: Compound is a lending platform built on Ethereum that enables users to permissionlessly borrow or lend from a pool of assets. Rather than interest rates being set by individuals, they are determined algorithmically based on the proportion of assets lent out.
◰◲ Technical Metrics :
▣ Mrkt Price: 53.01 ₮
▣ 24HVol: 17,942,825.619 ₮
▣ 24H Chng: 4.866%
▣ 7-Days Chng: -5.82%
▣ 1-Month Chng: -9.62%
▣ 3-Months Chng: 30.85%
◲◰ Pivot Points - Levels :
◥ Resistance: 59.61 | 63.45 | 72.81
◢ Support: 50.25 | 44.73 | 35.37
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 0.10
▣ Last 90D: 1.52
▣ Last 1-Y: 0.66
▣ Last 3-Y: 0.26
◲◰ Volatility :
▣ Last 30D: 0.78
▣ Last 90D: 0.73
▣ Last 1-Y: 0.99
▣ Last 3-Y: 1.20
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.84 - V. Bullish
▣ In-depth COMPUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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COMP/USDT Could COMP break the key area or rejected ??💎 COMP has been a major point of interest in the market, especially as it approaches a strong supply area. Historically, COMP has struggled to break through this formidable resistance. A successful breach of the supply area could lead to a significant upward trend, potentially taking COMP towards our target in the Bearish OB area.
💎 However, if COMP finds itself unable to break out of the supply area and instead consolidates at the resistance level over the next few days, there's a chance it might face rejection again. This could lead to a retracement back towards the support trendline of the bullish, or ascending, channel.
💎 In the support trendline area, COMP needs to demonstrate a robust recovery to attempt another breakout of the supply area. Failure to maintain the support trendline, leading to a breakdown of the pattern, would be a concerning signal. Such a scenario could result in a significant downward movement for COMP, potentially heading towards the demand area.
💎 The demand zone becomes vital for COMP to show a strong rebound and attempt to reclaim support, thereby facilitating a continued upward movement to challenge the resistance area. If COMP fails to respond positively in the demand area and breaks down further, it could signal a shift back to a bearish trend, possibly leading to a descent towards the strong support area.
COMP/USDT Eyeing an Upward Break from Descending Channel? 👀 🚀💎 Paradisers, focus on #COMPUSDT as it presents a noteworthy trading opportunity. Currently, the asset is navigating a descending channel, showing strong indications of an impending upward movement from a crucial support level.
💎 Over the past month, #COMPOUND has adeptly followed its channel trajectory. Now, having touched the internal key support level at 43.65, there’s a substantial likelihood of a bullish reversal, potentially leading to a breakout above the channel.
💎 The VRVP analysis reinforces this sentiment, suggesting that visits to key support levels often precede robust bullish movements. Should this bullish trend gain momentum, COMP is set to target resistance levels at $58.41 and $86.98.
💎 It’s important to note, however, that a decline below the current support level would necessitate a critical reassessment of the trading strategy. Such a movement could imply challenges in sustaining the bullish trend, calling for a strategic recalibration in response to market dynamics. 🌴💰
compThe first resistance zone that is ahead is the red box, if it is crossed, the above lines are available, if it is corrected to the green line, it must be checked again for entry.
COMP next accumulation phase before bull runBINANCE:COMPUSDT
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Thank you.
Around 460 days we are in downtrend! Last time for Comp was enough 145 days for accumulation stage before pump, lets see how it plays this time. Sellers and buyers local block I marked red and green! If we out over 72$ its will be good sign for continuation, but honestly even BTC reach 29 I think at 70-72 Comp meet strong sellers orders and going back to test even 30$. Everything can happen.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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COMP: Approaching ResistanceCompound (COMP) technical analysis:
Trade setup : We wait for price to break back above $47 resistance and 200-day moving average (~$45), which could signal resumption in Uptrend with near-term upside potential to $60 resistance.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $36, then $30. The nearest Resistance Zone is $47, then $60, and $70.
