Good buying opportunity for CompoundThese are weekly candles. Compound has retraced 80% since its $911 ATH in may 2021, which is a massive discount. Since then it has been forming a massive falling wedge and has become massively oversold on the weekly timeframe. I think now is a good time to buy and personally I'm not going to use a stop-loss, as even if it falls way lower, we would most likely see current prices again, unless for some reason the asset becomes completely worthless for some fundamental reason. You could use a 30% stop-loss and you would still be getting an insanely good R:R ratio. Note that as its a weekly chart, it can take months for it to become profitable.
COMP
COMPOUND - Bottom trend Hello trading friends,
Compound showing a trend where it could be possible that this is a new button area for new uptrend gain.
This depends on the historical trend 2021.
It's a coin with long-term expectations.
Targets
249 usd are at long term a great target, as this is also the main target and split target.
The compound is not for the fast expecting, it can take some time, but even with the before breakdown trend it's still healthy for new range gain.
Have a great day
COMP Harmonic Idea ?Messing around with Harmonic Patterns
Still new and learning.
I see a possible bullish shark on lower time frame.
i would like to buy in the purple area.
Take profit = yellow lines.
190 TP1 194TP2 areas.
Stop loss = red area.
Always look for signs of bull and bear divergences , etc.
Patterns and price action will perform better under different variables.
HOWEVER IF BITTY DUMPS THIS WILL NOT PLAY OUT.
BITTY THE BULLY.
RESPECT THE OG BIT .
www.tradingview.com
$COMP - Accumulation Phase (Wyckoff Pattern) I am comparing my views on $COMP which looks very similar to Wyckoff Accumulation pattern which you can find easily. I would suggest you to all wait and long from SOS (Sign of Strength) which will most likely be consolidation in bull flag. Targets are 320, 410 and 520. Feel free to drop any comments in doubt. I will post the trade when we see SOS.
COMPOUND - LONG TERM VISIONHello trading friends,
The compound is still interesting for long-term targets. normally this coin had already to be increased, but one of the reasons this coin did stay at the low trend, and with the breakdown trend of bitcoin it did breakdown further.
We are now at a level where this coin can be interesting for the spot and long term.
Depending on data compound could still show the trend that it should show.
The targets
into the chart there are adding some targets, every target we enter with confirmation and time frame can bring us to next one.
This is not a trading call, but OpenView about the interest of the project.
Have a great day!
@ soon more about it
COMP/USDT Bullish breakout and Ready for Big Move#COMP/USDT TA update:/
$COMP currently trading around $245
I am bullish on $COMP
I am buying some here and waiting for some around $240
Entry:- $230-$240
Targets:- $291/$353/$394
Stop Loss:- 218
So I am accumulating more at dip with Tight Stop Loss.
Support:- $230
comp usdt dILY Updateblue narrow channel resistance could make the price return into the channel. this point is a good setup for short position.sl is the high price of today . i think of sharp drop in price in next days in this asset. by the way target is already 320 and any drop in price could be a good situation for entering the market.if price breaks trough the blue channel trend it will rise fast to touch the cross of target and black channel (white arrow)
comp analysisWhat if, What if not
COMP ANALYSIS
Comp gets kicks back from 294$ .It was the good support zone . Now it holding 167$ zone ,for me it is good time to buy and hold because Comp hits 900$ .
For my point of view Comp again go for 500$.
Short targets
1 221$
2 267$
#DYOR
#Supposing bear trend not started
COMP - when is the best time to buy ?Globally, COMP is sandwiched between the trend line and the liquidity zone. We should now expect good entry points into the market. In case of a false breakdown of a strong liquidity zone or a 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.
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 - 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:
Master your Trading Discipline
, Trader's Psychology and Institutional Psychology
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
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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.