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! 🚀📈
COMP
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.
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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.
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
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.
.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
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.
Comp analysis (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the COMP symbol.
comp can go up to targets by breaking the TL line. If it reaches the green box once again, it is suitable for oscillation.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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. 💎
Compound COMP price rose from the dead)The Compound project was fundamentally quite strong when it was sold / presented to crypto market participants)
However, over the 2 years of being in a downward trend, the price of t he COMP token has fallen 39 times from a high of $910 to a low of $23.
And now, in the last two weeks, a miracle has happened, the price of CompUSDT has come to life and is showing steady growth. Moreover, it is catching up with the crypto market, which started growing much earlier.
Currently, looking at the chart, we do not believe that the CompUSD price will break through and consolidate above the strong resistance zone above $55-65 at the first attempt.
Unless you have an insight as to why the COMP price should grow non-stop right now, then please share it in the comments)
In all other cases, we consider it safe to buy COMPUSDT only when the price is firmly established above $65
_____________________
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COMP: Pullback in UptrendCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption and hit a high of $87 where some trader began taking profits. Priced pulled back to the nearest support of $60, which also lines up with Fibonacci levels of $62 (38%) and bounced right off of that. Upside potential to $90 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, which it broke, then $93.
$COMP at 50/50 regionBased on the current chart, NYSE:COMP is showing some strength.
When the CSTP indicator shows a blue candlestick body with red wick/tail. it is an indication of a potential bearish move, unless the next candle after it close as bullish (green or blue candlestick with green wick)
I will expect it retrace to the yellow moving average line before a possible uptrend reversal, else the bullish move continues.
Trade smartly and apply risk management.
COMP: Pullback in UptrendCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption and hit a high of $87. Now we’re likely to see some profit taking selling pressures, which could offer an attractive swing entry in uptrend. Where will this pullback find support and stabilize? Nearest support is at $60, which also lines up with Fibonacci levels of $62 (38%).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, then $93.
COMP is still bullishHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the COMP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COMP: Resistance BreakoutCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption, with upside potential to $93 resistance.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, which it broke, then $93.
ONE (HARMONEY) WHALE BREAKOUT CHANCE 8/10 COMING TIMEOne breakout update with the rate chance of 8/10 that a breakout is going to take place on one.
This update will be adding more data here below soon.
This update shows that there is a high chance with 80% that this coin will get whale interest for the next breakout.
The breakout depending on the new technical view includes the previous trend data.
Coins like this breakout comes unexpected/
COMP/USDT Price Analysis: $92 Resistance Looms! Will the BullishTechnical Analysis of COMP/USDT: Bullish Momentum with Potential Retracement
In this technical analysis of COMP/USDT, we will explore the current price action and trends of Compound (COMP) against Tether (USDT).
Overview:
COMP is currently trading at $66, representing a significant increase of 200% within a span of four weeks. The recent breakout confirmed on the weekly time frame suggests an overall bullish sentiment in the market, indicating potential upward movement. However, a retracement to around $46 may be expected before the next leg of upward momentum.
Bullish Scenario:
If COMP manages to surpass the recent high of $72, it could trigger an upward rally towards the strong resistance level at $92. This level should be closely monitored as a successful breakthrough might lead to further gains. It is essential to consider these resistance levels when evaluating potential price targets.
Resistance Levels:
$92
$174
$365
Support Level:
The anticipated retracement could find support around the $46 mark. This level might provide a buying opportunity for investors looking to enter the market or add to their positions. However, it is crucial to exercise caution and wait for confirmation signals before making any investment decisions.
Follow us for More Quality Updates.
Thank you.
Double top.Assuming it’s a double top, if we don’t see a strong breakout with high volume above $71
We can expect a drop to at least $45
A bounce and possibly lower to around $35 but $42-$45 is a good entry point for a scalp
Keeping in mind Comp All time high was $915, we see strong rejection around $71 but is a drop in the bucket compared to what it could be in the next bull run.
With a 52% increase within the week and a 80% increase within the month
Anything above $71 could trigger another push
However on the daily we are currently overbought.
Good luck and have fun with it!
The positive opening of the half-year supports the altsDue to the passage of an important time limit at the change of the half-year, I think it is worth considering the market situation. Last month, the reversal of monthly candlesticks on the tops, which I predicted, worked well, but investors were in no hurry to invest in altos until the very fact of a positive closing of the half-year and a signal for further market support. The most positive scenario for which there were all chances was the opening of the second half of the year above 2250 on the air and 32.5 on the cue ball, which would give reliable technical signals for continued growth to 2750-3500 and 37.5-45k, respectively. However, an opening above 1900 and 30k is at least a signal for a flat, with the probability of further growth remaining up to 70%.
The absence of an obvious threat of a new drawdown of the tops is already enough for more or less reliable investments in altos, which is why the revival of individual coins since the last days of July is connected. On the inertia of last month, we can expect to maintain purchases on the tops at least until mid-July. In these two weeks, the altos have the opportunity to consolidate growth. In the absence of surprises from the foreign exchange market and the euro's drawdown to 1.060-75, the current bull run on alt may last until the middle of the quarter. In this regard, we are not in a hurry to throw off the coins that have grown, but have not taken the target levels. With a drawdown of the euro, we can see a pullback on the crypt on the retest of the monthly loy with a new attempt to grow closer to the middle of the month, while this option is less likely.
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