Compound 200% very soonHello dear readers!
Another quick one for you. Compound has been around for a while and has seen a massive retrace of around 73%.
There are now reasons to be bullish for the short term.
When we look at the charts we can see a bullflag breakout (fierce) and retest of the upper bound. Its on a hard support also. Any sellers have dried out, and the only way is up.
Target minimum: 132
Stoploss: you can pick
~Rustle
COMPPERP trade ideas
COMPOUND Stock Chart Fibonacci Analysis 021225Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 57/61.80%
Chart time frame: B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
COMP Update (2D)This analysis is an update of the analysis you see in the "Related publications" section
First and foremost, pay attention to the timeframe. The 2-day timeframe is lengthy and requires patience.
It seems that COMP is currently within wave F of a large diametric pattern. Wave F is bearish.
The time correction of wave F still appears to be ongoing.
The green zone is a low-risk area for BUY positions. Considering the large entry zone and the timeframe, this position is more suitable for spot trading.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
$COMP heading for a capitulation low of $11-16?I hate being bearish here, but the charts show that alts are going much lower. Comp has a pretty clear trend here.
I think it's likely that price goes back up and retests $68 here as that's the level price broke through on the way down. If that level can't break, it sets up a final leg down to the lower supports between $11-16.
If it gets down to that level, it's a great long term buy as I don't think price will see that level again.
Bearish invalidation would be a close over $68.
DEFI has been hot again, how do things look on the COMP chart?Lets take a look at what the charts and indicators have to say.
Structure and Price Action:
**Symmetrical Triangle Formation**:
The chart shows a clear symmetrical triangle, indicating a period of consolidation following a sharp upward movement. Symmetrical triangles are neutral patterns but typically resolve in the direction of the preceding trend, which is bullish in this case.
**Downward Red Trendline**:
The descending resistance line has formed, creating consistent lower highs. This indicates selling pressure at each attempt to move higher.
**Ascending Support Line**:
The upward green support line is holding, forming the triangle's lower boundary. This support has been tested multiple times and remains a key level.
**Consolidation Zone**:
Price is currently trading in a narrowing range, respecting both the upward and downward trendlines, signaling indecision and a pending breakout.
Support and Resistance:
**Immediate Resistance**: $110–$115 (aligned with the descending red trendline and near-term resistance).
**Key Support Levels**:
$100: Critical psychological and structural support.
Below $100: Next key support around $90 (aligned with the green order block zone).
Indicators:
Moving Averages (EMA 20/50/100/200):
Price is attempting to reclaim the **EMA 20** (~$107), which suggests cautious short-term bullish momentum.
The **EMA 50** (~$108) is acting as resistance, which needs to be cleared for further upside.
Long-term support sits at the **EMA 100/200** (~$106.5 and $85), providing structural strength if the price falls lower.
Money Flow Index (MFI):
MFI is at **34.94**, indicating the market is approaching oversold levels. This suggests the potential for a rebound if buyers step in.
Stochastic RSI:
The Stochastic RSI has turned upward from **oversold territory** and is crossing upward. This signals possible short-term bullish momentum.
However, a failure to reclaim resistance could result in a false signal and continued downward movement.
Volume:
Recent volume during the triangle consolidation remains **low**, reflecting indecision among market participants.
A breakout with strong volume will confirm the next directional move.
Pattern Analysis:
The **symmetrical triangle** pattern suggests a major move is imminent.
Given the strong preceding uptrend, the pattern leans slightly bullish. However, failure to hold support at $100 could shift momentum downward.
Probabilistic Outlook:
Bullish Breakout (Primary Scenario):
If price breaks above $110 (descending trendline resistance), it will signal a continuation of the prior uptrend.
Key upside targets:
**First Target**: $115–$120
**Second Target**: $125–$130 (previous highs)
Bearish Breakdown (Alternate Scenario):
If price breaks below $100, it invalidates the ascending support line and signals a bearish reversal.
Key downside targets:
**First Target**: $90 (order block zone)
**Second Target**: $85–$80 (EMA 200 zone and additional order block).
Key Signals to Watch:
A breakout above the descending red trendline (~$110) = **Bullish confirmation**.
A breakdown below $100 = **Bearish confirmation**.
Volume spike during the breakout or breakdown will validate the move.
Conclusion:
The chart shows **neutral consolidation** within a symmetrical triangle. The slight bullish bias comes from the prior strong uptrend, but a breakdown below $100 would shift momentum bearish. A breakout above $110 with volume will confirm bullish continuation, while a break below $100 will target further downside. Monitor price action closely around these key levels.
A look at COMP waves (1D)It seems that COMP is currently in wave D of a complex pattern.
Wave D appears to be a diametric, and we are now in the early stages of wave E of this diametric.
By maintaining the green zone, it can move toward the red box.
The first target is $99, and the second target is $114.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Compound (COMP)Compound is an interest distribution and DeFi lending protocol in which users stake their tokens in pools and borrowers can take a secured loan from any Compound pool. Anyway, compound has been in a downtrend for a while. Looking at the chart it seems price has made double bottom and also a triangle pattern is formed. Recently, compound popularity increased, and as a result, its price value, as well as volume, increased too. Now, we have to wait and see if the price can break this triangular pattern or not, for continuation.
WHATS FLOWING: CRYPTOS (BUT, A NO DEAL FOR ME) SEE WHYCurrently, DOGEUSD, ALGOUSD, UNIUSD, COMPUSD, and FLOWUSD are all exhibiting short flow, yet the price levels are positioned dead center between the recent highs and lows.
This is what I consider a "no deal" for me—meaning there's insufficient price action near the key support or resistance levels for me to confidently enter a position.
In this situation, the potential risk-to-reward ratio isn't favorable, and I prefer to wait for the market to move closer to significant breakout points or extremes before considering a trade.
Essentially, without a strong move toward a high or low boundary, there isn't a clear enough setup to justify entering these short trades at the moment. Staying on the sidelines is often the best option until the price action gives a more decisive sign
COMP Key Support Levels and Potential Bull Run Targets for 2025COMPUSD is currently demonstrating strong support at the $43 level, presenting a promising opportunity for significant gains. If this support holds, it sets the stage for a robust upward movement. However, if the $43 support level is breached, the next critical support is $32. There is an 80% probability of a bounce from this level, especially with the alt season approaching rapidly. Historical trends indicate that the alt season will likely culminate by November or December 2025.
The potential targets for COMPUSD during the anticipated bull run are impressive. Based on historical data, the minimum target stands at $1,730 to 2000$. Should COMPUSD break through this resistance by February or March 2025, we could see a maximum target of $3,000. It is crucial to remember that the alt season is expected to end in November or December 2025, and it is advisable to exit the market in November 2025.
For more detailed analysis and regular updates, follow us on TradingView to stay ahead with our latest trading ideas.
#COMP/USDT#COMP
The price is moving in a sideways channel on the 4-hour frame and we have a green support area at the 76 level
We have a higher stability moving average of 100
Now we have a nice breakout coming up
Our RSI indicator has a well reliable upward trend
Entry price is 90.00
The first goal is 99.30
The second goal is 107.27
The third goal is 118.37
Compound weekly time frame. Compound has been sideways and consolidating under 77.50 for a staggering 94 weekly bars(candles) which is equivalent to 651 days. COMP has wicked above 77.50 on the weekly time frame a few times but its been short lived. No weekly candle has closed above 77.50 in 651 days but our current weekly candle can potentially achieve it in 5 days.
If Compound starts to break to the upside and play catch up we have 4 major levels we can expect COMP to visit. First area would be 92.61 which is definitely going to be a huge level of resistance. Next we have our purple trend line that could cause a slight rejection. Current price for the trend line is at 113. Could see a rejection off the trend line(113), retest 92.61 area before continuing to the upside. Refueling in other terms.
Last two levels of resistance would come in at 126.75 which again looks like a future strong level of resistance because it was both support and resistance in the past. Lastly our red box of resistance is drawn on the upper candle wick from March 28 2022 which was a high point we plummeted from. Bottom of the red box is 171.50 and top is 175. Current price at 82.01 to 175 would be a 115% gain. That move could come through very rapidly in these amazing market conditions.
When 175 level is achieved we could reassess to see what the market conditions are and what Bitcoin is doing. This will tell us if we should look into ALL TIME HIGHS or for levels of support.
Expect turbulence at these stated levels above. But if Bitcoin continues its impressive parabolic movement the sky is the limit for many of these alts. Happy trading.
COMPUSD (1H) - Bearish breakoutHi Traders
COMPUSD (1H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 51.85 support level. Only the upward break of 53.50 would cancel the bearish scenario.
Trade details
Entry: 51.85
Stop loss: 53.50
Take profit 1: 50.83
Take profit 2: 49.18
Score: 8
Strategy: Bearish breakout
COMPUSD (4H) - Bearish reversalHi Traders
COMPUSD (4H Timeframe)
Waiting for the downward break of 52.93 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 60.00 would cancel the bearish scenario.
Trade details
Entry: 52.93
Stop loss: 60.00
Take profit 1: 48.57
Take profit 2: 41.61
Score: 7
Strategy: Bearish reversal
COMP Price Teases Trinagle Break!COMP currently showcases a triangle pattern in its daily chart, indicating a potential for volatility change.
The price action within the triangle suggests an upcoming bullish cycle, possibly leading to a breakout.
A successful breakout from this pattern could propel COMP's price to approximately $75.
Despite market fluctuations, COMP’s price movement has been forming this symmetrical triangle for over six months.
This pattern suggests a compression phase with limited volatility between two boundary trendlines.
COMP's recent trend reversal from the support trendline is now testing the upper resistance trendline, hinting at a bullish shift.
The formation of a morning star pattern at the 38.20% Fibonacci level further bolsters the likelihood of a bullish run.
COMP is trading at $58.55, with a 2.07% increase, showing bullish momentum in the latest trading cycle.
The daily RSI is on an upward trajectory, nearing the 80% mark, signifying strong bullish momentum.
The 50D and 200D EMAs are providing dynamic support and exhibit a positive trend post the golden crossover.
If COMP breaks out successfully, it could retest its previous high around $77 and potentially surge towards $100.
Conversely, if it faces resistance at the current trendline, the price might drop towards the $50 level.