Compbtc
Compound (COMP) - March 25Hello?
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We have to see if we can get support and climb in the 309.65-323.78 segment.
If it falls between 309.65-323.78, Stop Loss is required to preserve profit and loss.
In order to turn to an uptrend, it must rise above the 385.64-423.64 section and gain support.
In particular, it remains to be seen if it can rise above the uptrend line (2).
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(COMPBTC 1D chart)
You need to make sure you get the support at the 0.006573 point.
In order to turn into an uptrend, it needs to rise above 0.008439 and gain support.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Comp Token Price at Resistance zoneComp cryptocurrency token price at the trend line support breakout above the resistance will send the price higher.
Comp cryptocurrency trade looks really good when price take above the 9300 satoshi , bitcoin price also looks good and more stable above 45000, bitcoin price must hold above the 45000 usd will stabilize all the alt crypto token.
you can add some comp token and wait for price to breakout the resistance zone. After breakout of the 9300 sats price will move higher
It's a great buy opportunity in COMPBTC @compoundfinanceTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.007980). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. COMPBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.009700
TP2= @ 0.011300
TP3= @ 0.013620
TP4= @ 0.016600
TP5= @ 0.019640
TP6= @ 0.022900
SL= Break below S2
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It's a great buy opportunity in COMPBTC @compoundfinanceTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.007980). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. COMPBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.009700
TP2= @ 0.011300
TP3= @ 0.013620
TP4= @ 0.016600
TP5= @ 0.019640
TP6= @ 0.022900
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
COMP chart in pair with bitcoinCOMP is about to bottom like other alts.I expect a dip of %14 to make a double-bottom pattern so it can easily take off to the top of its macro trend. Another scenario in my view that is very unlikely to happen is going up from where it is now by making an inverted H&S
Compound (COMP) Follow Up After 10-Jan.We looked at COMPBTC 2 days ago... You can see the chart below:
The previous article was on the 4H timeframe (short-term).
This one is on the daily with additional targets... Looks like COMPBTC is preparing to print a strong bullish move.
Remember, these smaller altcoins are a great place to build up your Bitcoin balance.
After the Bitcoin retrace is over, it will continue to grow.
Namaste.