COMPUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market
target: 360 and 390
after first target reached move ur stop to breakeven
stop: ~290 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
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Compusdtidea
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 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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💡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
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COMPUSDT COMPUSDT(Day CHART) Technical Analysis Update
Reversing from the support
COMP/USDT currently trading at $610
Buy-level: $585- $610
Stop loss: Below $550
Target 1: $660
Target 2: $690
Target 3: $750
Target 4: $850
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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COMPUSDT - Buy buyPrecondition:
Global trend down
Local trend up
What Is Compound (COMP)?
Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.
When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.
On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.
Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade