Compound Token (COMP) Analysis 08/03/2021we had our previous Publications TP Achieved
currently we can see a Bullish Hidden Divergence of price with MACD, which is the sign of trend continuation,
using Fibonacci Projection for the Target Specifications.
1TP is the parallels leg of Fibonacci projection and easy to achieve by nest impulse wave after the current retracement.
if 2TP triggered with the first rally then we may have a price correction and our 3 TP is confirmed.
COMPUSDT trade ideas
COMP: Resistance BreakoutCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption, with upside potential to $93 resistance.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, which it broke, then $93.
COMPUSDT time to shortThe current status of the BINANCE:COMPUSDT is as follows:
The BINANCE:COMPUSDT has experienced a great rally and has moved directly towards one of the historical resistances at $75.
However, we are seeing divergence in the rsi indicator in both the daily and 4-hour timeframes, which indicates a weakening trend and also a good opportunity for those who had long positions to exit.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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#COMPUSDT #LQR #TOBTC #LaqiraProtocolThe price is in The channel. The confluence of static and fib levels and the channel ceiling Level after confirmation and matching with bitcoin levels can be a good opportunity for sell trades Scalpe support is also clear after confirmation and matching with Bitcoin levels you can open long positions This analysis is not an offer to buy or sell
COMPUSDT - if break goes plummet
preconditions for well break a trendline.
1. Beautiful a trendline
2. Historical level the daily chart
3. Nead confirmation a sell zone
I have two scenarios, and I want to make some money.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
COMP/USDT Price Analysis: $92 Resistance Looms! Will the BullishTechnical Analysis of COMP/USDT: Bullish Momentum with Potential Retracement
In this technical analysis of COMP/USDT, we will explore the current price action and trends of Compound (COMP) against Tether (USDT).
Overview:
COMP is currently trading at $66, representing a significant increase of 200% within a span of four weeks. The recent breakout confirmed on the weekly time frame suggests an overall bullish sentiment in the market, indicating potential upward movement. However, a retracement to around $46 may be expected before the next leg of upward momentum.
Bullish Scenario:
If COMP manages to surpass the recent high of $72, it could trigger an upward rally towards the strong resistance level at $92. This level should be closely monitored as a successful breakthrough might lead to further gains. It is essential to consider these resistance levels when evaluating potential price targets.
Resistance Levels:
$92
$174
$365
Support Level:
The anticipated retracement could find support around the $46 mark. This level might provide a buying opportunity for investors looking to enter the market or add to their positions. However, it is crucial to exercise caution and wait for confirmation signals before making any investment decisions.
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