COMP/USDT looks ready to move higher!The Blue Oscillator has broken out above the zero line and looks poised to break out to the upside with initial target of $800. Looking for a pullback in the next few days but then a sharp turn to the upside.
COMPUSDT trade ideas
COMP 1D Power is, the mind is not necessary. Where better to buyA very long time ago, we did not publish the idea of a trade pair of Compusdt
Today we decided to publish because COMP Token Compound is one of the few alts, which showed growth last week.
Over the past week, buyers showed an increased interest in the Compusdt pair, it can be seen in the combination price increase + high trading volumes. And we did not find some screaming news that could so push the price up. If we missed something, please write about it in the comments.
Now, the price hit a strong liquid area of $440-540 , which the last price was last checked for strength on the rebound after the May fall.
Now it is more logical that the price will fall for checking the strength of a $240-290 area . If buyers are activated in this zone again, it will be a clear signal for taking a Long position, because then buyers will show that they are strong and there are many of them. In this case, it will be possible to focus on further growth behind the white scenario.
If by that time, the negative mood in the cryptocurrency market will dominate, and the price of Btcusdt will update the minimum, then it is unlikely that the price of CompUSD will go against a common trend. In this situation, you will need to focus on the movement of the price behind the red scenario, and the area of $140-160 will be tasty to buy.
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Retracement possible for $COMP100 day moving average and also a prominent resistance level are currently in the way. Bitcoin also has been moving lower (as of the last hour or so), which could influence this pullback even more. Notice the fib levels drawn as well, which line up with support levels, for possible areas of support on the pullback. If Bitcoin does not move significantly lower, this might be less likely to happen. Or even if it does, possibly. $COMP has been strong after recent bullish news.
COMPUSDT is testing the 0.618 Fibonacci Level 🦐COMPUSDT is testing the 0.618 Fibonacci Level after an Inverse head and shoulder.
IF the price will have the 4h breakout, According to Plancton's strategy (check our Academy), we can set a nice order
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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 -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
COMPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 1-day time frame. The price has started a good climb. We expect the price to reach the specified target, and as long as the price is above the black line, we can say that we are in an upward trend. If that line is lost, there is a possibility of price correction and we have specified support lines for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
COMP Breaks 40 Day Falling Wedge Pattern-COMP has revived nearly 70% since its low of $195
-Price has recently broke a falling wedge pattern
-COMP needs to stay above 200MA to continue revival
Compound has recently grown much in light of its DeFi capabilities the last year. The price has seen some growth but not as much as its competitors as it is up a mere 85% over the past year. Unfortunately 99% of cryptocurrencies follow BTC’s price action which has left the majority of the market flat, including COMP. Although, a break out of its falling wedge pattern may signal a trend change Is upon us.
After breaking free of the 45 day falling wedge, COMP slashed right through its major resistances of $265 & $285. Since then, COMP has been playing with its major resistance zone of $330-$357. Compound must break and HOLD this area to be clear for significant revival. This area has proved to be an important zone the last 5 months and until COMP can fully clear this mark, it is still considered in a bearish downtrend.
Along with this major resistance zone, COMP has been attempting to hold above its 200MA for the first time in nearly 45 days. If price fails to hold this MA and falls below, it is very likely to see a retracement back to the major support of $285. In the case bears continue to hold control, COMP will test the $265 mark and will be in danger of a larger fall if that major support can not hold.
While looking at the RSI, it is easy to see a trend line has been respected since the low of $195 had formed. If strength stays above this trend, all is well and COMP will be in a great position to continue revival. The MACD is signaling a slight bearish bias as the MA’s have created a slight double top and have also crossed bearish. A retest of the 0 value looks likely.
COMP intraday levels
Spot rate: $327
Trend: Bullish
Volatility: Medium
Support: $285
Resistance: $330
Compound H4 rising channel This is personal idea, not for trading decision , as we can see Compound is inside of a nice rising channel.
COMPUSDT might pullback or the bulls may push it higher
Welcome back Traders, Investors, and Community!
Hi Traders, COMPUSDT has had the third rejection on the uptrend already. Last 4 candles show that the price is slowing down which might end up another Pullback at the trend line or the Bulls may step in and push the price higher to 370
Here on the H1 the pullback is more clear
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💡Don't miss the great buy opportunity in COMPUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (307).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. COMPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 370
TP2= @ 410
TP3= @ 460
TP4= @ 539
TP5= @ 617
SL= Break below S2
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💡Don't miss the great buy opportunity in COMPUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (307).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. COMPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 370
TP2= @ 410
TP3= @ 460
TP4= @ 539
TP5= @ 617
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
COMP USDTHello Everyone, If You Like The Idea, Do Not Forget To Support With A Like And Comment .
If You Want To See Any Coins Technical Analyse Put The Name On Comment .
DeFi Blowed Up Previous Summer Also . Personally Didnt Bought Comp On My Portfolio But Planning To Do Momentum Trading .
Note : Its Long Time Market Dont Allow Good Buy Opportunities To Buy Alts And HODL . Alts Doesn't Have Deep So No One Can Catch The Dip If BTC Break 30K . I'm Going To Add Coins To My Bag Which Entered Long Term Buy Zone With Using Strategy Sell 50% On Every 100% Profit .
Warning : This LvLs Are Gate Of New Session So Don’t Enter Altcoins All In . Personally Planning Bought Alts With 20% Portfolio .
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There Will Always Be Unprofitable Ideas, This Will Definitely Happen, The Goal Of The System Is That There Will Be More Profitable Ideas At A Distance
COMP USDT 4 H$comp / $usdt
on the breakout as well, trying to flip 4-H EMA 100
if an entry comes around 265$ - 270$ it would be good
335$ at 4-H EMA 200 should be the first area to watch out for followed by a move towards 375$
COMPensation?! Long opportunity on COMP ; )DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
COMPUSDTRobo is bearish, we are turning bullish with one open/close candle above $216.87. This is a good time to buy cautiously. Next best buy is when $325 resistance turns bullish with open/close candle present. G+M
