COMPUST trade ideas
COMP / COMPUSDT super bullishHey everyone
I am super bullish on this altcoin for multiple reasons.
1: charts/TA
Beautiful double bottom and ATL retest
Red line can be broken here with a breakout
Blue lines seem to be the general idea for now
Combined with low RSI and volume profile.. this is a gem.
2: fundamentals
70% supply released. Deflationary coin.
Beautiful Defi coin, backed by big investors and whales
Currently ranked at #92. Too low for the fundamentals in my opinion. Comp deserves atleast #60. Meaning huge inflow imo.
3: longer term idea is $1000 to $3500 because of strong fundmentals. Considering all cryptocurrencies going up and an altcoin run.
Shortterm is already x4 as you can see.
4: Comp hasn't seen any pumps last weeks. There is a good chance it will be "it's turn" soon. Like for example on Waves atm.
Which means a huge opportunity when we buy today. Really a longterm coin this one.
COMP back to its originHello trading view community, should you like this analysis, please support with likes and comments. Thanks
It seems that COMP headed down to $80 support zone which is almost lowest support level of this cryptocurrency, as matter of fact it just returned to its origin.
If one takes a look at the dominant trend of the market for mid term, one may notice that the bearish trend may affect COMP in a way that it even slip even to lower price than its start, which is bad news and good news.
Bad news for COMP holders
Good news for new owners who ride on COMP on very lower prices.
This is a persoanl idea and I am not a financial adviser.
Breaking of 140 USD will confirm the new cycle!Continued from our last COMP analysis.
We need to really keep an eye on this week as it is reaching the significant falling wedge trendline. The breaking of 140 USD level is going to be very crucial as it will confirm the ending of this long Bearish correction due to Elliotwave count! This will mark the new impulse of the new cycle with very good Risk to reward!.