COMPUSDT trade ideas
compusdt long compusdt has been in a up trend since the 24 of June creating a series of higher highs and higher lows
We are currently sitting on a higher LOW at $61 so I see a rise in price till the next higher high at $78
COMPUSDT new leg up?On the daily timeframe, the price of COMPUSDT broke out from a substantial falling wedge pattern, signaling a potentially bullish trend reversal.
The falling wedge pattern is characterized by a series of lower highs and lower lows, gradually converging towards a point of apex. This wedge-shaped consolidation pattern typically suggests that sellers are losing momentum, while buyers are gaining strength. The breakout from this pattern indicates a shift in market sentiment, with buyers taking control and potentially driving the price higher.
As the breakout occurred, it is expected that COMPUSDT would seek new liquidity levels. In line with Plancton's rules,, the price may exhibit a tendency to retest key Fibonacci retracement levels. In particular, the 0.618 Fibonacci level, also known as the golden ratio, is often considered significant as it represents a retracement of approximately 61.8% of the previous upward move.
Holding the 0.618 Fibonacci level suggests that there is a higher probability of the price continuing its upward momentum, as it indicates a strong level of support and a potential accumulation of buy orders in that area. This level can act as a strategic entry point for new long positions, as per Plancton's rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
COMP try to make breakoutCOMP / USDT
Multiple touching for the same trendline
(this is the 5th one) which make resistance weaker
Valid breakout here and it can be sent much higher
Monitor price action and buy after breakout
Best wishes
COMP, CELOHello?
Traders, welcome.
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Please also click "Boost".
Have a good day.
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(COMPUSDT chart)
Looking at the 1M chart,
If the price holds above 63.70, a move up to the 111.96 point is likely.
Looking at the 1D chart,
We need to make sure that it is supported around 63.70-64.95.
If it declines, you should check for support near 46.48-56.89.
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(CELOUSDT chart)
Looking at the 1M chart,
A volume profile section is formed at the 1.469 point.
Therefore, it is expected that the full-fledged uptrend will begin only when it rises above 1.469.
However, since the HA-Low indicator on the 1M chart is formed at the 0.774 point, buying is possible when it is confirmed that it is supported around 0.774.
Looking at the 1D chart,
The HA-Low indicator of the 1W chart is formed around 0.536.
Therefore, the key is whether it is supported and rises around 0.517-0.536.
Once supported and started to rise,
1st: 0.670-0.711
2nd: 0.774
Split selling is possible when resistance is received near the 1st and 2nd above.
However, since it is currently within the downtrend channel, there is a possibility that the upside may be limited, so it is necessary to be cautious in trading.
(CELOKRW chart)
Looking at the 1M chart,
Looking at the distribution of trading volume, it is expected that a full-fledged upward trend will begin when it rises above the 1035 point.
Looking at the 1D chart,
It is located at point 716 of the HA-Low indicator on the 1W chart.
Accordingly, the key is whether it can be supported around 716 and rise above 762.
If the price holds above 762, it is expected to break out of the downtrend channel.
However, since the volume profile section is formed up to the 1035 point, it is expected that the rise will be limited.
Accordingly,
1st: 847
2nd: 976-1035
Split selling is possible when resistance is received near the 1st and 2nd above.
Below 675 is not an easy area to trade, so we recommend waiting until it rises above 675.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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SHORT COMPi see beautiful opportunity to catch some profits. You can short our weekly lvl right now. lets gooooooo
COMP/USDT 1D: 75$ or more?! Hey guys
COMP has broken its two-year downtrend line on the weekly time frame
and started a strong bullish move accompanied by impressive trading volume.
Currently, there are two resistance levels in front of it
The $70 level is the ceiling of the trading range channel, and the $80-$100 range is a very important resistance level
In the daily time frame, we see the breaking of the $50 level with strong candles
There is a possibility that the price will return to the broken resistance or FVG or Breaker Block
Please give your comments to improve my ideas
Thank you
✴️ Compound Enters Long-Term Bullish $1000+ ($165-$175 Possible)Compound (COMPUSDT) is doing something that is not seen very often, this pair managed to move and close above EMA300 on the daily timeframe, this activates and confirm long-term growth potential.
We can see that volume is already strong and the action has been really good in the past few weeks, with a low happened 10-June, the same as with other Altcoins. The rest will follow.
Short-term Compound is set to hit $81, with additional growth possible to summer reaching $117 and the range between $165 and $175.
Long-term the potential is huge, we are talking $1,000+.
We will have a closer look at the next All-Time High in another trade idea in the future.
Make sure to hit like if you interested.
Namaste.
COMPUSDTA weekly and daily analysis if weekly above C.H.O.C.H. close with a full candle, the upward trend is confirmed and presented in the future analysis, so until today we have the weekly price bearishness and we are waiting for the sell order block to reach the goal of L.L.
Smart Money
Hunter
Liquidity
compound rejects off weekly trendlinewe couldnt break the weekly trendline so looks like a 15% retest from this point where it seem safe to enter a short with sl below last hourly candle
comp flying againafter a day break 7-star buy signal again received in comp and hope we can gain some profit
Will update if I get any immediate sell signal
Target 1: 58
Target 2 : Moon
COMP : is this next BIG SHORT ?Disclaimer
High Risk Investment
Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form.
A qualified professional should be consulted before making any financial decisions.
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#comp short RR 4ok, after restating the scenario, closing longs in profit and canceling some long entries.
We don't see many selloffs above our intraday high in this currency but below and quite a bit.
We also see that you need a breakdown to close your structure.
Don't forget to always check the updates below this chart, cheers!
Comp Breaking Out Of The Wedge Seems Like Getting Ready For Solid Recovery Formed & breaking Falling Wedge In 3 days tf Incase Of Successful Breakout Expecting 280 to 300% Bullish Wave In Midterm
COMP SHORT in 1H TFAfter large upside move COMP needs to cool off, so I think SHORT in 1H TF looks promising!
Bullish Gain Amidst Bearish Signals - A Delicate BalanceCOMP is currently priced at $40, and it experienced a significant gain today. This suggests strong buying pressure and positive market sentiment surrounding the coin.
In terms of technical indicators, the RSI is at 73, indicating an overbought condition. This suggests that the price may be due for a correction or consolidation in the near term.
The EMA 50 stands at 33, while the EMA 100 is at 36. Both EMAs indicate a bearish sentiment in both the short and long term, as the current price is below both moving averages.
The MACD is -0.18, suggesting potential downward pressure or a bearish trend.
Considering the Fibonacci retracement levels, we have the following insights:
0 Fibonacci (23): This level represents a potential support level.
0.5 Fibonacci (30): This level also indicates a support level.
1 Fibonacci (37): This level suggests another potential support level.
1.618 Fibonacci (45): This level could act as a resistance level.
The recent gain in price suggests a bullish sentiment, but it's important to consider the overbought RSI and the bearish indications from the EMAs and MACD. These factors imply potential downward pressure and a bearish bias for COMP.
COMPUSDT Bullish ContinuationScript shows bullish continuation and retesting the previous support level. There is no divergence and high probability of hitting both TP's. Will it hit TP's?
Gartley Compliation at Shifter LevelOKX:COMPUSDT.P
There is a Bearish Cypher Pattern which completes at shifter level.
Shifter level is the level that SEC - Binance war started.
We can try a short setup with a solid risk-reward ratio but as always we need a last trigger which is bearish price action signal.
Good Luck Everyone.
May the force be with you!
COMPUSDTI put my last chart about COMP in down this chart.
It must touch green line for a great rise.
COMP ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the COMP symbol.
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
COMPUSDT: 20% or 50% ?Disclaimer
High Risk Investment
Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form.
A qualified professional should be consulted before making any financial decisions.
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Piyasa Güncellemesi COMP AnalizPiyasa Güncellemesi COMP Analiz 10.06.2023 Gece Operasyonu sonrası Alım denemeleri - Dip yakalama çalışması
