✳️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"
COMP
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
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 $190 . However, this requires complete depletion of sellers at local lows.
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COMP AnalysisAfter a double breakout but HARD rejection, comp looks tired. It also broke through the 4H ascending trendline, as well as being below the decision line.
I'm expecting COMP to revisit a lower support of ~140$.
The market still is very volatile with BTC reaching new highs, don't over-leverage and trade with caution.
COMP looking goodPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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Compound is one of the top 100 coins which have had a tough time competing with the surge in BTC price.
So if you're looking to move some of your BTC profits into an altcoin, Compound could be a smart choice.
- In the Golden Pocket
- RSI oversold
- Volume declining
How far do you think Bitcoin could go?
COMP/BTC buy the retest
COMP recently broke out of its resistance forming a higher high.
It is now retesting the very same resistance flipped support and seems to be holding well.
Open LONG position here and sell if the 4H closes below the line.
This line also happens to be the 50% fib retracement level.
MACD also is trying to flip green indicating a confirmation of bottom.
COMP 12h x2 done, it's time to correct down1.5 months have passed since the previous COMP idea publication , it's time to update it.
So, since the previous forecast, the COMPUSDT price has fixed the low at $80.62 , and our thoughts coincided with the market situation.
Further, we saw a steady growth and x2 to the COMPUSDT value.
$180 is the high that buyers managed to fix, and then sellers began active.
At the moment, everything below $158.5 is under the control of sellers.
They built the falling price channel, over time we will check how technically it works out.
While the price is in sellers' control zone, the most likely route for us is the COMP price move to $123 - a small bounce - a continuation of the fall to $100.
So far, without cardinally negative thoughts, but the level of $38, just in case, we will leave on the chart.
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COMPBTC Breaks Descending Channel (Over 350% Mapped)Take a look at this descending channel... It has been broken and prices are now above the EMA21 line.
We are seeing bullish action develop since Nov. 5th.
The RSI is now looking good with bullish divergence and higher lows:
It is already moving higher, with lots of room left for additional growth.
Additional information and targets can be seen on the chart.
The red dashed-line works as the last low and can be used as a stop-loss as well. (We use manual stop).
Feel free to share your thoughts in the comments section.
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Namaste.