COMPUSDT 3/30/2022Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
I'm not an expert.
Just like you, an ordinary person. :)
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Hello Guys! I'm back making some publicly published technical analysis in tradingview. From November 2021 up to March 2022, I'm busy in my workplace having a lot of workloads to be done on time. Right now, I'm free to published as much as I can. So, I'm back in trading cryptocurrencies actively. Unfortunately, some TAs I made did not playout well. Sorry for no updates for several months.
In August 2021, I made a bullish and bearish technical analysis for COMPUSDT. Unfortunately, the Bearish scenario playout. Here, is the previous TA:
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For the present price action
Elliot Wave Counts
Along as the price stays to hold above $ 93.30, this Elliot wave count still valid. There is a high probability that price might have bottom or in the process of bottoming. After reaching the highs at $ 911.00, the price is moving downwards for about 10-11 months and get lowers as low as $ 93.30. I think bulls may step-in as bears already exhausted selling some bags. Note that wave 1 of wave 3 has not yet started. Maybe in the future it forms wave 1 of wave 3. There is resistance at $ 200.00, $ 313.60 or 50.00% Fibonacci and $ 417.50 or 61.80% Fibonacci that need to be broken. If it continues to move up, this uptrend may last for 9 months or in December 2022. If successful, it has a potential 30x gains.
Weekly
Selling pressure is declining and forming a bullish divergence in MACD but needs RSI to stay above 50 Level to be bullish.
Daily
Short term resistance at $ 165.00, then $ 200.00 after.
4HR
In the short term, it looks bullish.
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
I'm not an expert
Just like you, an ordinary person. :)
