Comp potentially going further downI don´t see a good pull back structure on comp yet, so on my view is better to wait for a better entry.
COMP
🔥 COMP/BTC Bullish Trend OpportunityCOMP is one of the crypto's which is been absolutely killing it in the last couple of weeks, especially the USDT pair. However, the BTC pair has been lagging behind a bit.
With today's decline there's appeared a good long opportunity on the COMP/BTC pair. As I'm seeing it, today's decline is merely some of the larger investors taking profits without interfering in the overall trend.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
ETH/USD, Now and LaterI see something like this for $ETH in the next few weeks. Overall still bullish, but wouldn't mind short scalping here. RSI Bear divergence on this high. A retrace like this would be healthy for the overall markets. Scary but 35-50% drawdowns are typical in crypto, $1k and $850 range for ETH. I would scale out on ALTS into $USDT or $BTC and $ETH off of the insane recent run.
Is comp going to correct? I think so, my buy orders are waiting COMP is just a great project with lots of potential in the future but it just went to far away this time.
I would short if we were not in such a big bull trend time. I am hoping that it will fill my orders but maybe it wont.
On this cases I like to leave trap orders, if they get filled great, if not is ok.
DeFi World PerformaceThis is the chart comparing all DeFi tokens in the Defi Pulse Index (DPI) with ETH.
If you want to buy all, buy DPI with moderate performance.
UNI, AAVE, LRC, MKR outperform DPI YTD.
[$ETH] One of those targets - YOU CHOOSE ! One week before CME futures contracts released on $ETH , Feb 8th , we have a strong momentum for the overall Ethereum DeFi ecosystem , and it will give a major boost to the upside.
Monster volume ! some volatility will kick in like never :)
Let's have a seat and enjoy the journey to the moon !
Stay Safe
Trade Safe
Compound (COMP) Follow Up After 10-Jan.We looked at COMPBTC 2 days ago... You can see the chart below:
The previous article was on the 4H timeframe (short-term).
This one is on the daily with additional targets... Looks like COMPBTC is preparing to print a strong bullish move.
Remember, these smaller altcoins are a great place to build up your Bitcoin balance.
After the Bitcoin retrace is over, it will continue to grow.
Namaste.
Comp potential is thereOne of the few Alts that pumped today. Failed to breakout today from the rising channel. Bearish div on the RSI points to a pullback. If it can bounce of the midline of the channel it will form an inverse HnS. Breakout target is 288, resistances at 272.
✳️Compound/USDT Analysis (9/1) #COMP $COMPCOMP has just exited the downtrend and $160 zone shows good buying force. This can help COMP to rise sharply to $220 zone and if it breaks out of this zone, COMP can easily rise to $300.
📅NEWS
No News
📈BUY
-Buy: 155-165$. SL if B
📉SELL
-Sell: 215-225$. SL if A
-Sell: 290-300$. SL if A
♻️BACK-UP
-Sell: 155-165$ if B. SL if A
-Buy: 125-135$ if A. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
New Targets (Updated)Yesterday I announced the possibility of pumping
More information is available now
comp conquered 0.5 Fib level in 4 hours time frame
Now my new Targets are as follows:
Target_1: Fib 1
Target_2: Fib 1.236
This is not financial advice
This is my analysis at the moment and everything can always change
Ready to pumpIt has turned all levels of resistance into support one after another
Target : 1,618 Fib
(QTUM / USDT has finally started)
COMP, a good Sperandeo exampleI did not open a position. I only wanted to show Sperandeo target. Working good, we'll see the target.
COMP/USDT Bullish Triangle Almost CompleteCOMP/USDT is on the verge on completing a bullish triangle setup. My take is that the price will pierce through the upper resistance of the triangle and make its way upward, targeting $200 and potentially $260.
Keep an eye out for this pair when it reaches $180, since it might reverse there.
COMP-6h. Will there be consolidation before test $190?Yesterday's sharp drop in the COMP market showed that continued growth without consolidation is unlikely. In fact, in an hour the sellers lowered the price by 7%.
The COMP price stopped before the critical range of $133-140 . Near the $133 mark is a global trend line , which buyers have been holding since the beginning of November. Its breakdown will lead to a sharp drop in prices to $100 . Given the positive dynamics of the cryptocurrency market, the probability of this scenario is low.
However, it is better to temporarily get rid of the token if the price is fixed below $130.
Our main scenario is to continue growing to $190 . However, this requires complete depletion of sellers at local lows.
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COMPUSDTPrice: 130 USDT
Entry Level:130USDT
TP_LVL I: 149 USDT
TP_LVL II: 177 USDT
SL: 120 USDT
Expected Return: 36 %
Reward/Risk: 4.58
COMP/USDT Forming a Bullish TriangleCOMP/USDT has formed a bullish triangle since the December 17th high touched the resistance of the previous high.
With recent bullish influx in the crypto markets, this makes me believe that COMP will touch the $177 area again.
COMP AnalysisAfter a double breakout but HARD rejection, comp looks tired. It also broke through the 4H ascending trendline, as well as being below the decision line.
I'm expecting COMP to revisit a lower support of ~140$.
The market still is very volatile with BTC reaching new highs, don't over-leverage and trade with caution.
COMP COMPOUND GOVERNANCE - Ready for Breakout - COMPBTC COMPUSDTCOMP COMPOUND GOVERNANCE - Ready for Breakout - COMPBTC COMPUSDT
