Long COMPThis is no financial advice
Comp holding a structure breakout, against a monthly orderblock, with proper support on the 50 line of the pitchfork, expecting a move to the Median Line, Stochastic also giving some data about sentiment. My target will be the ML which can vary acoording to the timeline, but also eyeing the Breaker on the W and M tf, around 100 usd.
Stay safe
COMPUST trade ideas
COMPUSDT | BULLISH PARALLEL CHANNELCOMP has been trading with in a bullish parallel channel .
The price has made multiple attempts to break below but bulls keep it holding.
Now price is trading near the falling resistance and bulls need to break above the resistance
The bulls are in control.
Manage our trades accordingly.
✴️ Compound Is One Of The Strong Ones | $102, $147 Next!We have good and great altcoins projects, we have big, medium sized and small ones... We also have crappy and scammy projects and everything that is in-between...
Based on Technical Analysis, we have weak and strong charts also.
Compound is one of the strong ones, this can be seen easily on this chart.
Its price is already trading above MA200.
In late 2022 and early 2023, December/January, it produced a higher low compared to June rather than a lower low.
14-January we have the highest daily volume ever for this pair.
The RSI is super strong.
The long-term higher low and the ultra-high volume are the heavier signals on this list, while MA200 is also quite good.
You are about to experience the strongest bullish wave in years... Something we haven't seen since March 2022 or even before.
Remember to prepare and maximize profits.
And THANKS for your continued support.
Namaste.
COMP: Resistance Breakout!Compound (COMP) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern (huge volume), price also broke above $50 resistance. Price then retested that level and could resume uptrend and revisit $70. (set a price alert).
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $30. The nearest Resistance Zone is $50, which it broke, then $70.
✅TS ❕ COMPUSD: downward channel✅✅ COMP already failed to break through the channel border twice.
The peaks are going down.
I expect a fall after fixing in the channel. ✅
🚀 SELL scenario: short to 48.45. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
COMP-SHORTHi guys
I saw a cell setup on this currency and I said to put it in the channel of this currency based on the price action. It has formed a setup which is called fatigue gap and this is the first reason.
The second reason for a sharp upward movement in a downward trend is that it often turns into a trading range, and this point in the resistance work on this currency, that is, the fatigue gap and drawn resistances, increases the winnings of this transaction.
At the same time, the important support of the dollar index, which I predict will rise, and I will also analyze it, will cause bitcoin to fall, and in the future, the altcoins will fall, the goal is also clear.
be successful
COMP BULLISH SOON, LARGE MOUVEMENT INCCOMPUSDT 1D,
After forming a DUMP RALLY scenario, we have tested the base and went for a large mouvement to the upside. Currently retesting the neckline of the dump rally, and the resistance of the parallel channel, we will either see a rejection from here and pullback a little bit to the downside.
But if we break the parallel channel, we will go for an amazing mouvement to the upside.