COMP longCOMP bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 59 is expected to happen.
COMPUSDT trade ideas
✴️ Compound Bullish Continuation Confirmed (133% Target & More) Another major Cryptocurrency project, trading pair (COMPUSDT) is now moving forward.
Today Compound trades at its highest level moving north since the June 2023 rise.
This is happening after a clear and strong higher low as prices move above EMA300.
With the action we are seeing today, a bullish continuation is basically confirmed.
➖ The day needs to close above $50 for this signal to be valid.
Anyway, there is no need to doubt, too many signals are pointing to the continuation of this massive bullish wave.
Targets can be seen on the chart.
Full trade numbers in the 'Related Ideas' below.
Thank you for reading.
Namaste.
compThe first resistance zone that is ahead is the red box, if it is crossed, the above lines are available, if it is corrected to the green line, it must be checked again for entry.
COMP - getting readyCOMP is a nice asset and a close above EX TP1 is needed for further upside.
I think once that it's done, TP2 and 3 will be achieved asap
The compact analysis of the Currency CurrencyRetained the $ 45 support well and could have climbed some
RSI divergence is observed
A blockblock is observed at $ 60
And there are some sales position at $ 74 in Baynens
I expect to be able to pull himself to the $ 70 resistance after arriving at Ardar Block
It seems to be a low -risk deal, especially as the trend is completely up
When with a powerful candle reaches our loss, Staplas is activated
comp usdt bullish setupbreak of resistance and retreat and continuation of the trend.. Bull divergence, with extremely strong volume.. From RTM's point of view, it has a QM pattern that will have high goals.
$COMP daily chart - CompoundCOMPUSDT at the daily chart.
Strong Support at 40.82$ and it's not just a normal support, it is a golden Fibo 0.618 level and uptrend that started from last June 2023.
First Resistance at 44.97$ but it's better to make your first target at 44.60$ because there is a 200MA line at 44.70$
The rest of the resistance : 44.97$ - 52.6$ - 67.7$ - 87.5$ - 112.5$
If the token loses 40.80$ support, the first targeting area will be around 36.7$ and next support at 29$ - Strong and important support at 20$
Disclaimer : Do your own research and trade at your own risk.
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💡Trade Idea #COMP/USDT:#Compound has established a bullish market structure, signaling its readiness for a potential upward rally when observed on the daily timeframe. Waiting for a breakout.
Compound USD long possible 150% gainsComp looks ready bust out to all-time highs it is incredibly volatile so make sure you set your stop loss accordingly ...
However if it can manage to break past resistance marked on chartIt's likely going to make all time highs as long as Bitcoin doesn't decide to commit suicide
compusdt short positionsRTM demand
choch bearish is happend so the price is going up to the level which made choch
COMP next accumulation phase before bull runBINANCE:COMPUSDT
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Around 460 days we are in downtrend! Last time for Comp was enough 145 days for accumulation stage before pump, lets see how it plays this time. Sellers and buyers local block I marked red and green! If we out over 72$ its will be good sign for continuation, but honestly even BTC reach 29 I think at 70-72 Comp meet strong sellers orders and going back to test even 30$. Everything can happen.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
* Look at my ideas about interesting altcoins in the related section down below ↓
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COMP: Approaching ResistanceCompound (COMP) technical analysis:
Trade setup : We wait for price to break back above $47 resistance and 200-day moving average (~$45), which could signal resumption in Uptrend with near-term upside potential to $60 resistance.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $36, then $30. The nearest Resistance Zone is $47, then $60, and $70.
COMP Looking to breakout from the double bottomCOMP is currently facing 4hrs TF resistance and if it breakout from 44.42 we can see a good run up to 52.99
Keep your eyes on the breakout from the neckline of the double bottom
Follow for more market update
CompusdtCompound
About to break downtrend
50% to the range high
Coins starting reversal patterns around here
COMP : NEXT PATTERNHello.
Pattern on Comp. ALL infos on chart.
Target 83-86 dollars. Then a big dump to 56-53 dollars.
Ultimate Target if M pattern is confirmed : 30-33 dollars.
Good luck all.
The Art of False Breakouts + RSI: COMPOUND! 📉🚀Trading is an intricate game of psychology, and understanding false breakouts can be the key to success. Let's delve into COMP, where false breakouts played a pivotal role in recent price action. 📉🚀
Closer look to Fakeout :
Deconstructing False Breakouts
False breakouts are like crafty illusions, luring traders into making premature decisions.
COMP, a cryptocurrency known for its volatility, recently demonstrated how these maneuvers can shake the market.
From False Bottom to False Top
COMP first tricked traders with a false breakdown from the lower range, inducing panic.
But as if by sleight of hand, it quickly shifted gears, delivering a false breakout from the upper range, catching many off guard.
Trading Wisdom: The Lesson Here
The case of COMP underscores the need for cautious trading, especially in volatile markets. Recognizing false breakouts can help you avoid unnecessary losses.
Strategies involving stop-loss orders and thorough research can be your shield against these tricky moves.
Conclusion: Mind the Illusions
COMP's recent shenanigans emphasize the significance of identifying false breakouts. This knowledge can give traders a substantial advantage and help them navigate the turbulent waters of crypto trading.
📊 Trading Strategies | 🧠 Psychology | 📈 Price Action | 💡 Insights | 🌐 Cryptocurrency
❗See related ideas below❗
Share your thoughts in the comments! 💚📉💚
🔥COMP Is At a Channel Mid: What's Next? 2 Options!Compound grew by +180% from bottom to channel top. It's very volatile altcoisn which can impress traders and investors, but now it's indise the channel mid.
The first confirmation of the upcoming growth will be the close of the Weekly candle above the mid of the channel. Usually, it becomes good support.
💥The targets in case of fall or close above the channel are diffrent. If the price fall to the channel bottom, the target will be at the top by +180%.
If the price close above the mid channel, the targets will be at the channel top by +70% and the order flow +229%.
I want to remind you, that these targets are only for the local growth. It will skyrocket during the full-fledged bull market!
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compI think it should be done to buy in the lower green lines, because in my opinion, it can still form a better floor
COMP Long Setup with PA, Max TP %20OKX:COMPUSDT.P
There is an obvious clear bullish Elliot Wave, however we do not know the exactly where the 4th wave ends? Therefore to open position we need a solid bullish price action min in 1H time frame. After that it will be very easy to manage the position.
Good Luck Everyone!
