🔥COMP Is At a Channel Mid: What's Next? 2 Options!Compound grew by +180% from bottom to channel top. It's very volatile altcoisn which can impress traders and investors, but now it's indise the channel mid.
The first confirmation of the upcoming growth will be the close of the Weekly candle above the mid of the channel. Usually, it becomes good support.
💥The targets in case of fall or close above the channel are diffrent. If the price fall to the channel bottom, the target will be at the top by +180%.
If the price close above the mid channel, the targets will be at the channel top by +70% and the order flow +229%.
I want to remind you, that these targets are only for the local growth. It will skyrocket during the full-fledged bull market!
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COMPUSDT
Long Comp to $58Got stopped out of my last position in COMP due to a trailing stop. Not mad tho. Ended up with 21% profit in the pockets. I hate to be out of this trade esp. since the MM's have been moving everything up during off hours. This bull flag here looks primed and prepped. Additionally, we have a hammer candle on the daily. Entry was 43.73. I'll target 58. SL will be 39 but trail upon profit as always.
Not fin advice.
Best,
Stew
Spotlight on COMP: Imminent Breakout and Bullish Momentum🚀 💎Yello Paradisers! Get ready for a thrilling venture with COMPUSDT. We've detected a triumphant escape from the descending channel, paving the way for a potential bullish ascent.
💎From our prior assessments, we witnessed the metamorphosis of demand into supply, with COMP revisiting the falling channel support.
💎At this time, the substantial volume in VRVP is signaling a probable bullish trajectory in the near future. Overcoming the monthly resistance is poised to reinforce this ascending momentum.
💎Conversely, if the price breaches the 45.45 level, it could amplify the bearish momentum, making it plausible for the price to revisit the former support level.
💎Trade with caution and implement stringent stop-loss measures. Stay vigilant to the evolving market conditions and keep abreast of further insights!
📉 COMP/USDT Signal Alert: Balancing Act! 📈Critical Levels to Watch:
🚀 Breakout Point: $50.14
🔥 Bullish Targets: $54.58 and $57.22
🐻 Bearish Zone: Below $46.47, with potential drops to $37.35 or $36.27
👁️🗨️ Analysis: COMP/USDT is at a pivotal juncture. Keep your eyes peeled for these key levels:
🟢 Bullish: If it breaks $50.14 and holds a 15-minute candle above this level, we're aiming for the skies!
🔴 Bearish: On the flip side, a drop below $46.47 could send us on a downward journey.
📢 Trade Strategy: Patience is key! Set your alarms at $50.14 and $46.47. Once triggered, make your move. Enjoy the ride!
Bitxer's insights are your guide to navigating the crypto seas. 🌊📊
COMP/USDT Downward Momentum ?? Compound Today Analysis Hello Paradisers, Here's one to watch!
💎COMP faced a setback after reaching the Bullish OB (Order Block) Zone, subsequently testing the $45 supply region.
💎Notably, after touching this supply point, COMP experienced a sharp decline. It's likely that COMP will revisit the Bullish OB zone to fill the existing long wick.
💎Should the Bullish OB zone fail to hold and break, our eyes should be on the robust demand zone, where significant buying activity is anticipated.
💎My intuition suggests that if COMP reaches this strong demand zone, it might just be a liquidity sweep followed by a vigorous rally. I'd advise purchasing at the white line, but always with prudent money management.
Spotting Promising Signals for a COMPUSDT Rally💎The current long-term price action of #COMPUSDT presents an enticing opportunity. Taking a step back and examining the broader context, we can observe a compelling narrative. Following the formation of a double bottom pattern, there was a monumental breakout above the downtrend trendline in June. During this bullish surge, the price experienced an impressive 269% ascent, only to later retrace by approximately 80%.
💎What captures our attention is the intricate price action surrounding the 78.6% Fibonacci support level, where #COMPUSDT has meticulously crafted a double bottom formation. This pattern underscores the presence of robust demand, significantly enhancing the prospects of an impending upward movement.
💎Yet, at this juncture, #COMP has encountered a challenge in the form of a descending trendline, a barrier that must be surmounted for the price to sustain its upward trajectory. This is precisely what the MCP team eagerly anticipates—a breakout from this trendline that could trigger substantial price gains. In the event of such a breakout, we anticipate a remarkable price increase ranging from 65% to 80%. Notably, this aligns with the positions of two pivotal double Fibonacci resistance levels at $60.65 and $66.00.
💎Paradisers, the cryptocurrency market is heating up, and we are committed to keeping you informed about the most compelling opportunities that emerge daily. Stay tuned! 🚀📈
Detailed Analysis on COMPUSDTI think the price is going to visit $31s.
Since the market is too shallow, I would like to see a confirmation on LTFs (like 15 minutes) before buying.
If a sharp selloff happens, $28 is another level I'm interested in.
If the price can pass blue line which is the EQ level of major swing low and high level, the price may also visit red box.
Comp, singing flat?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Giving off some looks here for an Elliott Wave flat pattern in motion.
Not the most ideal interpretation, tbh, but if certain parameters play out, confidence will be boosted.
$45 is the nearest area of interest and it is rejecting.
This would be the paths I will be looking to play out, and play if printed.
Cheers.
COMP Trade UpdateTraders,
Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules.
Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual manner. I noticed that COMPUSD had reached its target down from the recent Head and Shoulders pattern seen. But because the selling pressure was so heavy I decided to set my buy order even lower per chance I might get the order triggered and filled. Therefore, I looked for the next best level down and found that level at 35.55. This is where I set my buy order. Lo and behold it was filled! In fact, my chart which gathers data from the Coinbase exchange here, shows the candle wick bottomed only a few cents lower at 35.43! This, traders, is why charting levels, trends, and patterns can be very helpful.
Technical analysis is not always right. In fact, we have to count on a good percentage of our analysis being wrong. Such was the case in quite a few of my last entries which were stopped out during this flash crash. But TA gives us much better insight into what the probability of the trade becoming profitable might be. Pair TA with some fundamental analysis and you are well on your way to becoming a seasoned trader.
Back to this chart. You can see that we remain in the H&S Target box. From a technical perspective, this remains a good re-entry area.
Here are the positives:
RSI back above support
RSI still near oversold
Price in H&S Target Box
Price above good support (red area)
Here are the negatives, including fundamental considerations:
China FUD re: Evergrand bankruptcy
Elon FUD selling BTC
Macro-economic uncertainty = risk-off
Fed Powell Speech Friday
And one TA negative is that current candle is a shooting star
As you can see, technically the trade remains in your favor. But there is a lot of FUD out there. Be cautious. Never risk more than you can afford to lose.
Best,
Stew
COMP: Oversold at SupportCompound (COMP) technical analysis:
Trade setup : After 3x-4x gains from June’s lows of $20-30 to highs of $85, traders have been taking profits (selling pressures). However, price is now oversold (RSI < 30) and near $47 support level (also 200-Day Moving Average), which could be a swing entry in Uptrend. Fibonacci levels are $62 (38%) and $47 (62%).
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $47, then $36. The nearest Resistance Zone is $60 (previous support), then $70, and $86.
.618We’re at the .618 area of retrace,ent which typically has some support but I believe we could se a further drop to $43 or even $38…. $28 is the last resort….Plan to see some movement in these areas, and hold for the long term gain. Once we break back over $78 we could see it follow the strong bull market.
There is a possibility of getting a scalp trade from $61-$63 off this level, but let’s not try to catch a falling knife. Only when we see some more stable support and volume would it be a good idea to scalp.
Good luck and have fun with it
COMPUSDT Can Explode at Any Moment | Compound Analysis Today💎 COMPUSDT is showcasing an optimistic outlook, poised to accelerate its momentum imminently.
💎 Notably, COMP has been tracing the Elliot Wave sequence from 1-5. Post this wave, the price underwent a correction and revisited its support.
💎 At this juncture, COMP has secured liquidity and seems prepped for its subsequent ascent. Yet, caution is advised as a dip below the $49-$47 support range could alter the course.
💎 The primary and secondary support zones emerge as promising entry points to capitalize on this anticipated bullish surge.
💎 In the ever-evolving realm of crypto, staying informed is the key to thriving. Stay tuned and navigate your trading journey wisely with #MyCryptoParadise.
#BTCUSDT H1 : Long situation Hi Guys , Hope you well
As indicated in the chart, I have specified two buying positions, but you must receive confirmation for trading these in the lower time-frame and then enter. I remind you that the market is extremely confused. Trading in these intervals can be very difficult, so be very carefull.
SecondChanceCrypto
⏰ 10/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
Comp analysis (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the COMP symbol.
comp can go up to targets by breaking the TL line. If it reaches the green box once again, it is suitable for oscillation.
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
BTCUSDT DAILY : Very complicated situationHi Guys , Hope You well
According to the previous analysis that I had in the daily time frame, Bitcoin started moving on its own. But due to some good fundamental news, it is possible that the price can even reach the level of 35,000 USDT . I recommend that you follow new analyzes and be very careful if you are in sell positions.
SecondChanceCrypto
⏰ 8/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
Triangle Pattern | $52Daily Chart
Compound BINANCE:COMPUSDT is in the triangle pattern and trading at 63.9x
Compound rejected 3 times from the support. That means it can go up to the resistance around 72 or further higher trend line
If Compound close below 60, it will go down the support around 52
Wait for next move
USDT.D : USDT dominanceGood evening
Well, the conditions for the market are really complicated. Looking at the above time, this chart is bullish, which indicates a drop in crypto. But in the 4-hour time frame, we can see the extension up to the desired boxes. I expect to see a decrease until the green box. Checking the Tether chart can help you a lot with your trading in the market.
The analysis is in the high time frame and only shows the way. For trading, you must have your strategy in the short time.
SecondChanceCrypto
⏰ 3/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
BTCUSDT H4Hi Guys hope you well.
As I said about the direction of movement in the daily time in the previous analysis, I expect such a movement in the 4-hour time frame, Box 30500 can be the last chance for sellers.
The analysis is in the high time frame and only shows the way. For trading, you must have your strategy in the short time.
SecondChanceCrypto
⏰ 2/August /23
⛔️DYOR
Always do your research.
If you have any questions, you can write them in the comments below and I will answer them.
And please don't forget to support this idea with your likes and comments.
COMPUSDT could be Aiming for 30% Growth in the Blink of an Eye💎The low timeframe analysis of #COMPUSDT reveals that a consolidation phase has commenced after the price broke below the descending channel. Notably, there have been two significant bounces during this phase—one from the 78.6% Fibonacci resistance level at $80, and the other from the 88.6% Fibonacci level near the psychological support at $60. While the overall trend remains bullish, the current stage seems to favor buyers.
💎As #COMP continues to trade near the lower boundary of the formed range, buying interest is likely to increase. However, it is essential to be mindful that before any significant price surge, #COMP may enter the buying liquidity zone, which lies just below the recent low at $58.35. In such a scenario, the bottom of the extended descending channel could be tested.
💎On the other hand, if the extended descending channel is decisively broken, and the price falls below the $51.81 support level, bullish sentiments may wane as increased selling pressure could emerge. In summary, while the probability of an uptrend is currently high, there is potential for a relatively fast 30% price increase. 💎