COMP
Q4 is here! Lets trade some ALTs! Here's a quick Look at COMP 8 hr chart. As we can see, the price has been forming a bigger falling wedge and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 359$
2. 427$
3. 452$
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🆓Compound (COMP) Sep-28 #COMP $COMPThe selling force on COMP is dominated so in next days, it could fall down sharply to 260$ from this 340$ zone. The 260$ zone is quite reliable to start a new rally up to 340$, 420$ and 520$ zone or even higher in October.
📈RED PLAN
♻️Condition : If 1-Day NOT closes ABOVE 2.2$ zone
🔴Sell : 340$
🔴Buy : 260$
🔴Sell : 340$ - 420$ - 520$
📉BLUE PLAN
♻️Condition : If 1-Day closes ABOVE 2.2$ zone
🔵Buy : 340$
🔵Sell : 420$ - 520$
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
COMP to $720?Compound seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 720 and even higher.
ENTRY: triangle high @ 532
SL: local low @ 474
TARGET: height of the triangle projected from midpoint of the local range @ 720
RRR: 3.3
INVALIDATION: when SL level hit
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Check also the previous COMP trade down below (also triangle breakout).
comp will breakout now !!!mostly all hour chart is just perfect but 1 day chart is superperfect . support and resistance are based on 1 day chart . if it break out next
target are 635 / 712
support 404 / 346
if it breakout then 521 zone will be a strong support .
a green line will act as support if it didnt breakout and pull backward .
2 posible breakout .
1 ) blue color line
2 ) green color line
fully focused on 1D candle . you can see some downtread in 4h or 1 h . but we are looking for big
COMP/USDT : Broke above the trendline BINANCE:COMPUSDT
Hello everyone 😃
COMP just broke above the trendline and take hold there.
Now we'll wait for a retest on broken level to enter; Also now, We make sure that this breakout isn't fake anymore..
- EMA200 is controlling the movement and acting as a support now !
- Also there's a breaker line, Which has become a support now.
📚 Volatility is on buy limit zone so retest on lower supports is expected...
🔰 Any breakdown below trendline will give use this chance to load our bags on lower bullish trendline ;D
📌 Targets are mentioned on and the current master candle line is really critical for bulls ( any engulf above will confirm the further continuation on bull's favor ).
Hope you enjoyed our analysis about COMP's possible directions🙌
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@Helical_Trades
COMP Ascending Triangle 01/09/2021There is reason to believe we may be in super-millennium wave 5, and are prepping for millennium wave 3. Price is currently holding this high volume profile area and bouncing off the channel median. Volatility indicator at the lows while price is making higher lows and is now slowly growing. Hidden bullish divergence is visible on 1D RSI.
Measured price target of triangle breakout: ~$678 (28.9%)
On the H4 timeframe we can see the most recent breakout, with volume, RSI and volatility increasing:
COMPUSDT are two potential cup and handle patterns ?On the left side 4h chart
There is a big potential cup and handle pattern and it broke-out the handle .
We can setup a long-term trading plan
TP1 : Fib 1 (531.0)
TP2 : Fib 1.272~1.382(622.0~658.8)
SL : 399.2
On the right side 1h chart
There is a tiny cup and handle pattern
and it broke-out the downtrend line and retest the line .
We can setup a short-term trading plan
TP1 : Fib 1.272~1.382(510.9~521.4)
TP2 : Fib 1.618(543.9)
TP3 : Fib 2(580.3)
SL : 462.7
Or you can hold until touch the long-term target .
$COMP/USDT (Binance Futures) Falling wedge breakoutCompound is looking good for bullish continuation here after regaining 100EMA and breaking out.
Current Price= 455.95
Buy Entry = 455.63 - 442.81
Take Profit= 496.82 | 548.43 | 601.95
Stop Loss= 1039.8
Risk/Reward= 1:1.25 | 1:2.6 | 1:4
Expected Profit= +21.20% | +44.16% | +68.00%
Possible Loss= -17.02%
Fib. Retracement= 0.786| 1.117 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 5 weeks
COMP triangle breakoutCompound seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 481 and even higher.
ENTRY : local high @ 445
SL : local low @ 432
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 481
RRR : 2.7
INVALIDATION : when SL level hit
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COMP - new rocket 🚀🚀COMP is a promising new project. Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by contributing them to one of several pools supported by the platform.
Globally, the price is near a strong support line. Locally, the price has broken the sloping trend line. If the price tests the trend line as support, it would be a good point to buy. Potential targets are marked above.
Be careful, if Bitcoin goes down, all altcoins will go down as well.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
BTT has a chance to break outWith a bounce off the 200 day MA and testing the resistance trendline I am hoping to see BTT finally get some volume and break out of this falling wedge. A closed candle above will be super bullish.
COMPUND FINANCE (COMP) Looking Nice.Looks like we're sailing towards some price appreciation in the days to come. Blue chip DeFi projects such as Compound Finance will perform well throughout this year. Decentralized lending protocols play such a vital function in DeFi.. We're oversold on the daily Stochastic RSI and about to bullishly diverge on the MACD. I'm liking how COMPs chart is looking moving steadily sideways. May be a decent time to get in on a short term. Only 10,000,000 coins and 55% are already circulated. COMP has great potential to easily be a $1,000+ coin this cycle. Good Support at $400!
Peace, love, health, and wealth be with you.