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COMP

COMP USDT LONG SWING | COMPUSDT | LONG @ 58 - 60 | TP @ 60.5, 61, 61.5, 62, 62.5 | SL @ 54 | PATTERN = DESCENDING TRIANGLE BREAKOUT | BINANCE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames BINANCE:COMPUSDT BINANCE:COMPUSDT.P COINBASE:COMPUSD GEMINI:COMPUSD BYBIT:COMPUSDT.P KUCOIN:COMPUSDT MEXC:COMPUSDT COINEX:COMPUSDT
Long
by Coindatahouse
COMPUSDT Elliot Wave Completion and Anticipated 50% UpsurgeOn a daily timeframe, COMPUSDT has exhibited a discernible higher high and higher low pattern, signaling a notable trend structure. Following the completion of wave 3, quite an evident ABC corrective move unfolded, halting precisely at the double Fibonacci support level near $47. This critical support area has proven effective in arresting the downward movement. As long as this pivotal support remains intact, our analysis anticipates a relatively swift upside movement of approximately 50%. This projected move would complete the 5-wave upward sequence, potentially marking the culmination of this bullish phase before a potential stronger downside pullback.
Long
by CryptoPAMM
3
COMP/USDT - Compound: Trend Reversal◳◱ On the $COMP/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 59.61 | 63.45 | 72.81 and support near 50.25 | 44.73 | 35.37. Entering trades at 53.01 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Compound ▣ Rank: 149 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Financial - Lending ▣ Overview: Compound is a lending platform built on Ethereum that enables users to permissionlessly borrow or lend from a pool of assets. Rather than interest rates being set by individuals, they are determined algorithmically based on the proportion of assets lent out. ◰◲ Technical Metrics : ▣ Mrkt Price: 53.01 ₮ ▣ 24HVol: 17,942,825.619 ₮ ▣ 24H Chng: 4.866% ▣ 7-Days Chng: -5.82% ▣ 1-Month Chng: -9.62% ▣ 3-Months Chng: 30.85% ◲◰ Pivot Points - Levels : ◥ Resistance: 59.61 | 63.45 | 72.81 ◢ Support: 50.25 | 44.73 | 35.37 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.10 ▣ Last 90D: 1.52 ▣ Last 1-Y: 0.66 ▣ Last 3-Y: 0.26 ◲◰ Volatility : ▣ Last 30D: 0.78 ▣ Last 90D: 0.73 ▣ Last 1-Y: 0.99 ▣ Last 3-Y: 1.20 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.57 - Bullish ▣ Reddit sentiment score is 0.84 - V. Bullish ▣ In-depth COMPUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
COMP/USDT Could COMP break the key area or rejected ??💎 COMP has been a major point of interest in the market, especially as it approaches a strong supply area. Historically, COMP has struggled to break through this formidable resistance. A successful breach of the supply area could lead to a significant upward trend, potentially taking COMP towards our target in the Bearish OB area. 💎 However, if COMP finds itself unable to break out of the supply area and instead consolidates at the resistance level over the next few days, there's a chance it might face rejection again. This could lead to a retracement back towards the support trendline of the bullish, or ascending, channel. 💎 In the support trendline area, COMP needs to demonstrate a robust recovery to attempt another breakout of the supply area. Failure to maintain the support trendline, leading to a breakdown of the pattern, would be a concerning signal. Such a scenario could result in a significant downward movement for COMP, potentially heading towards the demand area. 💎 The demand zone becomes vital for COMP to show a strong rebound and attempt to reclaim support, thereby facilitating a continued upward movement to challenge the resistance area. If COMP fails to respond positively in the demand area and breaks down further, it could signal a shift back to a bearish trend, possibly leading to a descent towards the strong support area.
by MyCryptoParadise
COMP/USDT Eyeing an Upward Break from Descending Channel? 👀 🚀💎 Paradisers, focus on #COMPUSDT as it presents a noteworthy trading opportunity. Currently, the asset is navigating a descending channel, showing strong indications of an impending upward movement from a crucial support level. 💎 Over the past month, #COMPOUND has adeptly followed its channel trajectory. Now, having touched the internal key support level at 43.65, there’s a substantial likelihood of a bullish reversal, potentially leading to a breakout above the channel. 💎 The VRVP analysis reinforces this sentiment, suggesting that visits to key support levels often precede robust bullish movements. Should this bullish trend gain momentum, COMP is set to target resistance levels at $58.41 and $86.98. 💎 It’s important to note, however, that a decline below the current support level would necessitate a critical reassessment of the trading strategy. Such a movement could imply challenges in sustaining the bullish trend, calling for a strategic recalibration in response to market dynamics. 🌴💰
Long
by MyCryptoParadise_Simon
Smart Trading Moves: Navigating COMPBTC Potential RallyIn August, COMPBTC exhibited a precise bounce off the 78.6% Fibonacci support level, marking a significant turning point. Subsequently, the price has primarily traded within a range, all while staying below the downtrend trendline. However, a noteworthy development is the emerging pattern of higher highs and higher lows, hinting at potential preparations for an upward rally. With the ongoing respect of the Fibonacci support, the scenario suggests a potential price surge towards the crucial supply zone, aligned with the 78.6% Fibonacci resistance level. We've established our trade setup, which boasts a favorable risk-to-reward ratio. As we closely monitor price action, we'll keep you updated on any noteworthy changes.
Long
by CryptoPAMM
COMP: Approaching ResistanceCompound (COMP) technical analysis: Trade setup : We wait for price to break back above $47 resistance and 200-day moving average (~$45), which could signal resumption in Uptrend with near-term upside potential to $60 resistance. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $36, then $30. The nearest Resistance Zone is $47, then $60, and $70.
Long
by altFINS
1
🔥COMP Is At a Channel Mid: What's Next? 2 Options!Compound grew by +180% from bottom to channel top. It's very volatile altcoisn which can impress traders and investors, but now it's indise the channel mid. The first confirmation of the upcoming growth will be the close of the Weekly candle above the mid of the channel. Usually, it becomes good support. 💥The targets in case of fall or close above the channel are diffrent. If the price fall to the channel bottom, the target will be at the top by +180%. If the price close above the mid channel, the targets will be at the channel top by +70% and the order flow +229%. I want to remind you, that these targets are only for the local growth. It will skyrocket during the full-fledged bull market! like❤️ and follow Check the links and get a BONUS🎁 from me👇
by Alex_Dehtiarov
3
Spotlight on COMP: Imminent Breakout and Bullish Momentum🚀 💎Yello Paradisers! Get ready for a thrilling venture with COMPUSDT. We've detected a triumphant escape from the descending channel, paving the way for a potential bullish ascent. 💎From our prior assessments, we witnessed the metamorphosis of demand into supply, with COMP revisiting the falling channel support. 💎At this time, the substantial volume in VRVP is signaling a probable bullish trajectory in the near future. Overcoming the monthly resistance is poised to reinforce this ascending momentum. 💎Conversely, if the price breaches the 45.45 level, it could amplify the bearish momentum, making it plausible for the price to revisit the former support level. 💎Trade with caution and implement stringent stop-loss measures. Stay vigilant to the evolving market conditions and keep abreast of further insights!
Long
by MyCryptoParadise_Simon
COMP/USDT Downward Momentum ?? Compound Today Analysis Hello Paradisers, Here's one to watch! 💎COMP faced a setback after reaching the Bullish OB (Order Block) Zone, subsequently testing the $45 supply region. 💎Notably, after touching this supply point, COMP experienced a sharp decline. It's likely that COMP will revisit the Bullish OB zone to fill the existing long wick. 💎Should the Bullish OB zone fail to hold and break, our eyes should be on the robust demand zone, where significant buying activity is anticipated. 💎My intuition suggests that if COMP reaches this strong demand zone, it might just be a liquidity sweep followed by a vigorous rally. I'd advise purchasing at the white line, but always with prudent money management.
by MyCryptoParadise_Nathan
9
Spotting Promising Signals for a COMPUSDT Rally💎The current long-term price action of #COMPUSDT presents an enticing opportunity. Taking a step back and examining the broader context, we can observe a compelling narrative. Following the formation of a double bottom pattern, there was a monumental breakout above the downtrend trendline in June. During this bullish surge, the price experienced an impressive 269% ascent, only to later retrace by approximately 80%. 💎What captures our attention is the intricate price action surrounding the 78.6% Fibonacci support level, where #COMPUSDT has meticulously crafted a double bottom formation. This pattern underscores the presence of robust demand, significantly enhancing the prospects of an impending upward movement. 💎Yet, at this juncture, #COMP has encountered a challenge in the form of a descending trendline, a barrier that must be surmounted for the price to sustain its upward trajectory. This is precisely what the MCP team eagerly anticipates—a breakout from this trendline that could trigger substantial price gains. In the event of such a breakout, we anticipate a remarkable price increase ranging from 65% to 80%. Notably, this aligns with the positions of two pivotal double Fibonacci resistance levels at $60.65 and $66.00. 💎Paradisers, the cryptocurrency market is heating up, and we are committed to keeping you informed about the most compelling opportunities that emerge daily. Stay tuned! 🚀📈
Long
by MyCryptoParadise
1
COMPUSD Huge bullish divergence can take it to 130.COMPUSD is consolidating under the MA50 (1w) since mid August with the RSI neutral/ borderline bearish. There is a Rising Support on the RSI (1w), which is filled before every rally. The Support Zone has priced all 3 of those RSI bottoms. Trading Plan: 1. Buy the next pull back on the Support Zone. Targets: 1. 130.000 (Rising Resistance as well as slightly under Fibonacci 0.5). Tips: 1. The RSI's (1w) Rising Support is a huge Bullish Divergence. Those are typically formed during long term market bottoms and usually an aggressive break out follows. The next rally can be even stronger than we expect. 2. The MA100 (1w) is the last Resistance standing and its crossing can potentially accelerate the rally we just talked about. Please like, follow and comment!!
CRYPTO:COMPUSDLong
by TradingBrokersView
2
Comp, singing flat?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Giving off some looks here for an Elliott Wave flat pattern in motion. Not the most ideal interpretation, tbh, but if certain parameters play out, confidence will be boosted. $45 is the nearest area of interest and it is rejecting. This would be the paths I will be looking to play out, and play if printed. Cheers.
Short
by CryptoKnee
COMP Trade UpdateTraders, Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules. Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual manner. I noticed that COMPUSD had reached its target down from the recent Head and Shoulders pattern seen. But because the selling pressure was so heavy I decided to set my buy order even lower per chance I might get the order triggered and filled. Therefore, I looked for the next best level down and found that level at 35.55. This is where I set my buy order. Lo and behold it was filled! In fact, my chart which gathers data from the Coinbase exchange here, shows the candle wick bottomed only a few cents lower at 35.43! This, traders, is why charting levels, trends, and patterns can be very helpful. Technical analysis is not always right. In fact, we have to count on a good percentage of our analysis being wrong. Such was the case in quite a few of my last entries which were stopped out during this flash crash. But TA gives us much better insight into what the probability of the trade becoming profitable might be. Pair TA with some fundamental analysis and you are well on your way to becoming a seasoned trader. Back to this chart. You can see that we remain in the H&S Target box. From a technical perspective, this remains a good re-entry area. Here are the positives: RSI back above support RSI still near oversold Price in H&S Target Box Price above good support (red area) Here are the negatives, including fundamental considerations: China FUD re: Evergrand bankruptcy Elon FUD selling BTC Macro-economic uncertainty = risk-off Fed Powell Speech Friday And one TA negative is that current candle is a shooting star As you can see, technically the trade remains in your favor. But there is a lot of FUD out there. Be cautious. Never risk more than you can afford to lose. Best, Stew
COINBASE:COMPUSDLong
by stewdamus
COMP: Oversold at SupportCompound (COMP) technical analysis: Trade setup : After 3x-4x gains from June’s lows of $20-30 to highs of $85, traders have been taking profits (selling pressures). However, price is now oversold (RSI < 30) and near $47 support level (also 200-Day Moving Average), which could be a swing entry in Uptrend. Fibonacci levels are $62 (38%) and $47 (62%). Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $47, then $36. The nearest Resistance Zone is $60 (previous support), then $70, and $86.
Long
by altFINS
.618We’re at the .618 area of retrace,ent which typically has some support but I believe we could se a further drop to $43 or even $38…. $28 is the last resort….Plan to see some movement in these areas, and hold for the long term gain. Once we break back over $78 we could see it follow the strong bull market. There is a possibility of getting a scalp trade from $61-$63 off this level, but let’s not try to catch a falling knife. Only when we see some more stable support and volume would it be a good idea to scalp. Good luck and have fun with it
COINBASE:COMPUSDShort
by Ncard137
COMPUSDT Can Explode at Any Moment | Compound Analysis Today💎 COMPUSDT is showcasing an optimistic outlook, poised to accelerate its momentum imminently. 💎 Notably, COMP has been tracing the Elliot Wave sequence from 1-5. Post this wave, the price underwent a correction and revisited its support. 💎 At this juncture, COMP has secured liquidity and seems prepped for its subsequent ascent. Yet, caution is advised as a dip below the $49-$47 support range could alter the course. 💎 The primary and secondary support zones emerge as promising entry points to capitalize on this anticipated bullish surge. 💎 In the ever-evolving realm of crypto, staying informed is the key to thriving. Stay tuned and navigate your trading journey wisely with #MyCryptoParadise.
Long
by MyCryptoParadise_Nathan
3
COMPUSDT could be Aiming for 30% Growth in the Blink of an Eye💎The low timeframe analysis of #COMPUSDT reveals that a consolidation phase has commenced after the price broke below the descending channel. Notably, there have been two significant bounces during this phase—one from the 78.6% Fibonacci resistance level at $80, and the other from the 88.6% Fibonacci level near the psychological support at $60. While the overall trend remains bullish, the current stage seems to favor buyers. 💎As #COMP continues to trade near the lower boundary of the formed range, buying interest is likely to increase. However, it is essential to be mindful that before any significant price surge, #COMP may enter the buying liquidity zone, which lies just below the recent low at $58.35. In such a scenario, the bottom of the extended descending channel could be tested. 💎On the other hand, if the extended descending channel is decisively broken, and the price falls below the $51.81 support level, bullish sentiments may wane as increased selling pressure could emerge. In summary, while the probability of an uptrend is currently high, there is potential for a relatively fast 30% price increase. 💎
Long
by MyCryptoParadise