COMP
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 thoughtsYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE
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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.
COMP Really loves this formationI recently made a post on COMPS affection for the inverse H&S
This current one, a bitcoin pair is showing the same signs however with a slight difference on the positioning of the head
Hopefully a bounce back into the channel and further upsides to come
I am long COMP
COMP 1D Ascending Triangle 23/08/2021Potential ascending triangle visible on the 1D chart. Confirmation as per Bulkowski is 3 touches of one trendline, and 2 of the other - we are 1 touch away. Volume is also trending downwards, consistent with the pattern. Measured price target is ~28.7% (~$682). Average rise for this pattern is 43%. Breaks upwards 63% of the time.
Breakdown of lower trendline would likely lead to continuation drop until $380/$325.
Other technicals:
Bollinger bands are squeezing, indicating we may see a large move when this breaks out of either side.
RSI has been bouncing off the median and is trending inside the bullish control zone.
VPVR shows a large amount of positions being taken at this current price range.
Higher lows being plotted so far by the lower trendline.
COMP SEEMS LIKE A DECENT TRADEWe can witness an Adam & Eve pattern printed on the daily chart. The crucial resistance ahead must be flipped into support to enter a trade with a decent R/R. MACD shows signs of divergence in the positive zone. RSI has room to grow to confirm a breakout. Volume is decent.
COMPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price has hit its support line and is moving upwards. If it stabilizes above the line, it can touch its target over time. But if the price can not stabilize above the support line, we consider the fall.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
COMPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price is fluctuating within a channel. We think the price can take a break and then continue to climb again. But in case of loss of support and stabilization, we consider more shedding.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!