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COMPBULLUSD trade ideas

Compound: Simple Zig-Zag CorrectionCompound appears to have completed a set of 5 impulsive waves, with an extended sub-wave 5, for a first bullish wave 1. It is now correcting in the shape of a zig-zag, the most common pattern for a wave 2. Right now it is tracing sub-wave b of wave 2 and I expect a sub-wave c of wave 2 in the upcoming days that could push the price down to the $325-360 range, which would be an ideal long entry point. This range is derived from a Fibonacci retracement of between 50% and 61.8%, but the 61.8% being the most probable occurence.
COINBASE:COMPUSDShort
by quantmaven
4
COMPUSDT - LONG SETUPSince COMP's recent bullish impulse on the daily timeframe the market has provided us with a nice correction to the 0.382 fibonacci, generally speaking after a impulse and correction you expect the market to make the continuation to the upside, on the 4hr timeframe however everything at the moment is bearish we are below corrective trendline and we have a head and shoulders formation. IF HOWEVER the market manages to break above the corrective trendline and form a new 4hr higher high and close above this previous swing high, on the retest if all other entry rules are satisfied we will be taking a nice long.
BINANCE:COMPUSDLong
by ITSCRYPTO1
4
Potential Short term Short on COMP/USDTWe have some bearish divergence on Compound/USD with a lower highs being made on the RSI while Higher Highs being made on the price.... Next potential high and resistance looks like it lines up with the rising wedge, the .236 Fib, and the 300 EMA... Looking to enter a short, from 370-380 with an exit target around 330. Also keeping in mind the BTC is also looking week and if BTC breaks down then I will just hold on to my COMP short worst case take a stop loss /stop profit in the 350 range... If it fails a stop loss will be placed in 410 for protection of capital.
KRAKEN:COMPUSDShort
by BlockchainBreakdown
3
where is $COMP headed? $350 or $88?$COMP has pulled back more than 80% from its all time high of over $900. The area around $240 is an important area of value. If we see further correction and pullback, the market could remain between $240 and $88 for a bit and it will not be surprising if it bottoms back near $88. On the other hand, the bearish price action over the last few weeks could finally lose some steam. $240 could act as an area of support and price could remain between $240 and $350. Watch the video to get a sense of why these numbers are important and how they create important levels. Nothing here is investment advice. Use this information as a tool to understand $COMP price action and market structure and as always please do your own research before you enter a trade.
COINBASE:COMPUSDShort
by elliptic-capital
Compound (COMP) - June 15Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W Chart) If the price holds above the 250.561321 point, it is expected to maintain an uptrend. (1D chart) We need to see if it can move above the 336.093037 point to find support. To transition into an uptrend, it needs to rise above the 369.536000 point and find support. If the 460.343872-490.764132 section does not turn upward, it is expected that the downtrend will continue, so careful trading is required. If it goes down, we should see support at the 250.561321 point and see if we can move along the uptrend line. ------------------------------------- (COMPBTC 1W chart) We need to see if we can break out of the downtrend line while maintaining the price in the 0.006573-0.011285 range. To create a new wave, it must rise above the 0.013085 point. If it falls below the 0.006573 point, it may take a long time to rise, so trade cautiously. (1D chart) We'll have to wait and see if we can move above the 0.008976 point. If it goes down, you should check to see if it finds support at the 0.006526-0.007343 range. To convert into an uptrend, it needs to rise above the 0.010745 point and find support. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:COMPUSD
by readCrypto
COMPUSD- Looking STRONG-67% Move Coming?!COMP/USD giving us multiple bull signals! In the 1H, it's congquered the 55EMA! the 100 EMA,! the 200EMA! and is chasing the 300EMA (purple)! The last time this happened it made a 75% move! Also, notice the 55EMA is serving as support. Since we've got aggressive price action in the 1H, it's possible it completes this move in a day. Let's see how this plays out! Just my humble opnion folks. Take care with all your trades. Good luck to all!
COINBASE:COMPUSD
by moneypenny275
Compound (COMP) - May 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W Chart) (1D chart) We have to see if we can climb above the 383.631580 point and gain support. If it continues to fall, it can touch the 338.424780 point, so you need to trade cautiously. We will have to wait and see if the 383.631580-420.636604 section can move higher with volatility around June 1-7. It needs to rise above the 490.764132 point and find support to turn into an uptrend. It remains to be seen if the upward break above the 531.651680 point can accelerate the uptrend. ------------------------------------- (COMPBTC 1W chart) (1D chart) It remains to be seen if the 10608 Satoshi-11425 Satoshi section can find support and move up along the uptrend line. If it falls from the 10608 Satoshi point, Stop Loss is required to preserve profit and loss. However, it may follow an uptrend line, so trade with caution. The 9675 Satoshi-11285 Satoshi section is an important section, and if it rises in this section, it is expected to turn into an upward trend. However, the key question is whether it can cross the downtrend line. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price is below your average unit price whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the funds that ultimately correspond to the profits can regenerate the profits. -------------------------------------------------- ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:COMPUSD
by readCrypto