COMPCOMP has been accumulating for some time and I have no doubts about the following two targets on the chart.
Below 350 is a perfect entry for the current situation.
I have no idea what the pattern would look like but one example is on the chart.
There are dozens of possibilities (bull flag, eve-adam, cup-handle, bullish pennant..etc) but the result won't change in my opinion.
Enjoy the pump!
COMP
COMP - when is the best time to buy ?COMP has been moving in a downtrend for a long time. However, it is worth noting that recently there was a big drop and many liquidations, there is a huge volume at the bottom, which is a good signal. It is also worth noting that a trend line has been formed on the chart and the price is moving towards it. In case of a contraction and breakdown of the trend line, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
MY NOT SO MINIMALIST ANALYSIS FOR COMPOUND$COMP (INDICATORS INCLUDED)
11.02.21
1243H +8 SINGAPORE
ALERT: ABOUT TO COIL UP - ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
THIS IS AN AREA OF OPPORTUNITY: A ZONE FOR AN ENTRY.
Accumulation looks healthy. I think it will not break resistance yet until we see volume increase further. COILING towards STRONG SUPPORT and then BOOM!
You may enter now, It can make a sharp small dip DO NOT FUD.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS (ABC), Price Action, FIB LEVELS, Market Dynamics, and especially trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors!
Note:
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Vive Le Austist!
NYSE COMPOSITE - Signals 15 - 20% CRASH AheadIt's comical, how the operators are so desperately trying to keep this JUNK
elevated.
They can game it during lower volumes, but they clearly do not have the
Support from anyone other than the FED to keep this MESS up here.
It is going to collapse under its own weight.
____________________________________________________________________
The FED now has one of two choices...
Go Lovie Howell - Rates SKY on the release of Pigeons
Accelerate Hawk - When Doves CRY
Swan Lake in Trade - Pick a Vector
Powell will be referred to as the "Pelican" moving forward.
_____________________________________________________________________
It doesn't matter - Equities are cooked SHort Term, Wall Street is getting their Fills
and they can be extreme.
We have our SELL Orders Positionjed again to 44% of Capital in TQQQ NQ RTY ES SMH
Momentum is to the Downside.
Every One of my larger TF indicators is as NEGATIVE as they have been in since 2020.
_____________________________________________________________________
A Larger SELLOFF it to be Anticipated - IMHO
Watch the ES @ 4665 - this is the Pivot to SELL for R/R up to 4707.
This would complete the Symmetry.
I am early on TQQQ SELLS but taking them today and intend to HOLD.
Full Position will be 20K presently 2K @ 170, 32 for SELL @ 171 up to prior Highs x 16
The same applies to NQ.
Tech will be the largest CORE SELL POSITION
______________________________________________________________________
Comp target priceThis is not financial advice. The target is based on the Lord Skin Formula.
CMC
Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.
When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.
On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.
Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.
🆓Compound (COMP) Nov-22 #COMP $COMP
COMP has an important support at $280, it can still fall to $240 but we can already start accumulating COMP targets at $360, $440 and $520 in the near term.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 280$ zone
🔴Buy : 280
🔴Sell : 360 - 440 - 520
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 280$ zone
🔵Sell : 280
🔵Buy : 240
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
A remarkable place to return for COMPUSDTThe chart is on 1D Timeframe
We have a really major Support zone where price mostly react to. Simultaneous hits the long term ascending trendline & shaping a beautiful pullback to broken descending trendline.
As you see everything is ready to reverse, If we don't see BTC to fall anymore
you can use lower TF to enter the position or wait to see how BTC will close at the end of the day , It's up to you
the target would be at resistance zone around 520-530
Do not forget money management
hope you have a profitable trades
COMP - buy after a false break of this level 🚀❗❗COMP tried to move out of the accumulation zone but failed. After the false breakdown, the price corrected strongly. And at the moment COMP is testing the trend line as support. This is a good signal. But a breakout of the lower boundary of the accumulation zone, liquidity gathering, and subsequent growth can also occur. In case of a false breakout of the lower boundary of the accumulation zone, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
$COMP/USDT 12h (Binance Futures) Falling wedge breakout & retestCompound just regained 50MA support and looks ready to push higher towards 200MA resistance, let's not miss next dip!
Then, we'll see if strong enough to break out of the big symmetrical triangle and start a massive bull-run.
That DeFi / BSC governance token is a DAO lending protocol, also part of Polkadot & Avalanche Ecosystem, more info on compound.finance
Current Price= 348.23
Buy Entry = 343.23 - 331.29
Take Profit= 384.87 | 437.98 | 491.78
Stop Loss= 305.42
Risk/Reward= 1:1.5 | 1:3.16 | 1:4.85
Expected Profit= +28.24% | +59.72% | +91.64%
Possible Loss= -18.88%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 1.5 months
COMP loading for new leg up!!!Cup and handle pattern forms on daily chart and 4hr chart . Could there be a $450 COMP loading?... like and comment let me know what you think
King Alaluna