COMPBULLUSD trade ideas
Price Prediction & Technical Analysis 12/8/20*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Interested in Comp/USD at this level.I like what I see on this asset at this level, though I wish there was more price history to validate support because it just recently "bottomed", but we all know that could go out the window on a significant fundamental move or maybe even another push higher by BTC.
Reasons:
1.) I like that it is near bottom of value and definitely in the location where I seek out potentially profitable assets.
2.) It was embedded oversold for a few months and now has emerged and even put a double bottom in, if it remains that way after close.
3.) There is clearly a lot of work to be done on the volume profile, but a return to the 50% level would put us above value and at significant return.
4.) There is a cute double bottom working in price action.
5.) Multiple moving average convergence, YES!
What I would like to see improve: COINBASE:COMPUSD
1.) Would like to see green volume impetus
2.) Would like to see OBV turn up and cross moving average.
3.) Wish I had some support from past price action.
I also like relatively low circulating supply.
*This is for entertainment purpose only and should not be construed as financial or trading advice. DYOR.
Possible trend reversal confirmation and next resistance levels*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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Can it hold above these KEY levels of support to go higher?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Compounding Bears In Action? (Oct 27th-Dec 29th 2020)Compound (COMP) / USD (October 27th through December 29th 2020)
Low: $37.48
High: $120.35
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
Looking for THESE confirmations of a reversal*DISCLAIMER: These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
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*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.