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COMP

Bullish Gain Amidst Bearish Signals - A Delicate BalanceCOMP is currently priced at $40, and it experienced a significant gain today. This suggests strong buying pressure and positive market sentiment surrounding the coin. In terms of technical indicators, the RSI is at 73, indicating an overbought condition. This suggests that the price may be due for a correction or consolidation in the near term. The EMA 50 stands at 33, while the EMA 100 is at 36. Both EMAs indicate a bearish sentiment in both the short and long term, as the current price is below both moving averages. The MACD is -0.18, suggesting potential downward pressure or a bearish trend. Considering the Fibonacci retracement levels, we have the following insights: 0 Fibonacci (23): This level represents a potential support level. 0.5 Fibonacci (30): This level also indicates a support level. 1 Fibonacci (37): This level suggests another potential support level. 1.618 Fibonacci (45): This level could act as a resistance level. The recent gain in price suggests a bullish sentiment, but it's important to consider the overbought RSI and the bearish indications from the EMAs and MACD. These factors imply potential downward pressure and a bearish bias for COMP.
by MonoCoinSignal
5
Bulls Defend Critical Support: #COMPUSDT Shows Signs of Uptrend🐂 #COMPUSDT bulls fiercely defending the $38 area, where the 78.6% Fibonacci support was twice rejected. The recent price action reveals a clean rebound off the uptrend trendline and the critical VolumeProfile demand zone. If this massive support continues to hold and #COMPUSDT can produce a new higher high, it is highly likely that we will see a continuation of the bullish trend. The next resistance level to watch is at the $50 mark.
Long
by MyCryptoParadise
COMP USDT | two trade opportunities !!Hello Traders, #COMP/USDT just broke the resistance level and the next major resistance will be 47 and I think this resistance is powerful enough to make the price decline a bit. so, we may open two trades, The first trade is trading the current resistance 🟢Entry price: from 42.5 to 40 🎯Target will be 47 🔴Stop-loss: closing daily under 40 the second trade opportunity is trading the breakout of 47 resistance level 🟢Entry price: closing daily or 4h candle above 47 resistance level 🎯Target: -> 58 -> 64 -> 70 🔴Stop-loss: closing daily under 47 (the resistance that became the current support)
Long
by Khaledzu
The sexy blonde 2 lockers down :) Pt2Continuation of previous idea posted May 22, 2022 Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
2
COMPETH - Watch this Travel to Lower Edge of ConsolidationWe've some seriously strong trades from CTv2 with COMPETH over the last 12 months - and this 10% short could be another one! With the price having recently been rejected creating a descending trend line and the price dropping below a historical level of support/resistance; it looks like we've once again entered the consolidation area which the price has ranged in numerous times before. There'll inevitibly be some choppiness to this trade but we're pretty confident we'll very soon see the price hit the lower edge of this consolidation zone, offering a nice 10% profit in this short trade from CTv2 as it goes! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
CShort
by theCrypster
MOST ppl MISSED crypto pump, BULL keeps on these should moveCan only post 1 chart, sorry This is copy paste See our profile, pls Small🧵 MOST ppl MISSED #crypto pump Should've followed us😉 Called 1st pump & last few runs IF in BULL MKT what can pump close to 10x? Using previous tops & projects that have interest still Already in some & up NOT RECOMMENDATIONS $MKR $FARM $MLN $CEEK #CEEK - 2 MOST ppl MISSED #crypto pump Should've followed us😉 These could do more than 10x: $SFUND $GALA $JASMY $ILV - 3 MOST ppl MISSED #crypto pump Should've followed us😉 These could do more than 10x: $AXS $PYR $ALICE $FLOW Bonus $UFO (previous trade = free position) $YGG $GODS $THETA $NTVRK $LOOKS $ONE - 4 Girls in bed💤, have few more minutes MOST ppl MISSED #crypto pump Should've followed us😉 These could do close to or more than 10x: $PLA $RACA $SOL $MOVR - 5 MOST ppl MISSED #crypto pump Should've followed us😉 These could do close to or more than 10x: $DOGE - likely break ath These are #p2e #metaverse #nft $MC $ENJ $WAXP - 6 MOST ppl MISSED #crypto pump Should've followed us😉 These could do close to or more than 10x: $TLM - game has done very well, not pricewise, will likely take hard bull but can🚀 #p2e #metaverse $COMP $INJ #DeFi $FIL - 7 MOST ppl MISSED #crypto pump Should've followed us😉 These could do close to or more than 10x: $SNX $GRT $STORJ $REN - 8 MOST ppl MISSED #crypto pump Should've followed us😉 These could do close to or more than 10x: $CSPR $VET $HOT Next is final post and SMALLER projects - 9 MOST ppl MISSED #crypto pump Should've followed us😉 These could do close to or more than 10x & must be SMALLER projects: $MOOV $HERO $OMI $STARL Bonus $ATLAS $EPIK #p2e #metaverse #NFT There's few more but stick a fork in me💤 HAVE A GREAT AND BLESSED WEEK!
BINANCE:SOLUSD
by ROYAL_OAK_INC
COMP: Resistance Breakout!Compound (COMP) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern (huge volume), price also broke above $50 resistance. Price then retested that level and could resume uptrend and revisit $70. (set a price alert). Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $30. The nearest Resistance Zone is $50, which it broke, then $70.
Long
by altFINS
1
COMPBTC - A Chance of a Quick 10% ShortWe've had some massive gains with COMP over the last few years, plenty of 30%, 40% and even larger trades, a bit of confusion recently during a slightly more choppy period but profit's profit! Crypto Tipster v2 is currently showing a Short signal and we could expect to see the price at least reach the nearest level of support at a few percent down, maybe reaching the incoming upward trend line which would take the price to around 10% below where it's currently sat. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Short
by theCrypster
10
✳️ Compound Descending Channel Followed by Bullish Wave (120%+)This little pattern here reveals what is coming to Compound. #1 | Descending channel leads to rounded bottom followed by... #2 | A bullish wave. Now we have a strong higher low, a bullish RSI and market conditions improving. #1 | The descending channel is present and lead to a failed consolidation that ended in a rounded bottom. This rounded bottom can be followed by... #2 | A bullish wave. 40/50% potential on the first jump. A total of 120% for the entire wave mapped on this chart. Thank you for reading. Namaste.
Long
by MasterAnanda