Picking up some COMPI should've got some COMP back in the move over 175. Or the momentum move through the 200's. Or during the previous consolidation in the mid 300's. However I didn't so I'm chasing momentum here. Not a great entry but I think there's more to run. I'm super bullish on Ethereum right now but I'm already in that position so putting a little in COMP as a related play as people discover how big the Ethereum space is and all the ways money is being made there. We're still in the middle of the crypto bull run so even mistakes are likely to eventually get bailed out (looking at you XTZ).
Compound
COMPOUND, COMP fails with three increasingly weak drivesIn a descending triangle, sellers have pushed COMP into a corner. Each of the three drives has been a weaker push than the last one. With weak volume and stochastics saying it's oversold, look for COMPOUND to trend down, taking several little nibbles at support.
Compound Looks Set To Continue Rallying! BUY COMPUSDCompound has just completed a 3 wave correction and it could potentially start rallying from here. If the market does indeed start rallying from here then we can expect the first target to be at the 141.0% Fibonacci extension of the previous impulse leg.
Compound (COMP) - March 25Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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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)
Compound looks set for a march northCompound looks really attractive based on the trading signals. It has also formed a bullish pennant.
The problem with these trading signals is that they aren't always that accurate with assets that have such a small market cap. Nevertheless, its looking interesting.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
Compound (COMP) - March 7Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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You should watch for any movement that deviates from the 423.64-537.62 section.
In particular, it remains to be seen if it can deviate from the downtrend line (4).
If it falls, we need to make sure it is supported in the 423.64-450.53 range.
If it falls between 385.64-423.64, a short stop loss is required.
However, you need to trade carefully as you can touch the uptrend line and go up.
If it falls from the 309.65 point, a Stop Loss is required to preserve profit and loss.
The next volatility period is around March 21st.
-------------------------------------------------- -------------------------------------------
** 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.
Hence, the interpretation is the same as the traditional 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 published by oh92. (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 are not trading 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Load up on COMP for more ETHCOMP is a solid blue chip DeFi coin with good potential.
COMP/ETH pair broke out of the falling wedge. If you want to increase your ETH holding, buy COMP on dips, COMP/ETH pairing may test it's all time highs of 0.9 eth.
**This is not financial advice, DYOR :)**
Happy trading,
Qureysh
Compound (COMP) - February 26Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We have to see if we can get support and climb in the 384.20-404.37 range.
If you go down from 384.20, you can touch 323.78, so you need a short Stop Loss.
In order to turn to an uptrend, it must rise above 450.53 points.
The next volatility period is around March 2-9.
-------------------------------------------------- ------------------------------------------
** 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)
🆓Compound/USDT Analysis (20/2) #COMP $COMPCOMP is accumulating a lot in $400-550 zone and this shows us that COMP is a very potential coin and very profitable for us.
📅NEWS
No News
📈BUY
-Buy: 440-460$. SL if B
-Buy: 540-570$ if A. SL if B
📉SELL
-Sell: 540-570$. SL if A
-Sell: 760-800$. SL if A
-Sell: 1050-1100$. SL if A
-Sell: 1550-1600$. SL if A
♻️BACK-UP
-Sell: 440-460$ if B. SL if A
-Buy: 340-360$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
COMPOUND: More UpsideHello Traders,
Compound recently made a new all time high breaking into the $300. Currently, I am waiting for Comp to retest the previous all time high and continue higher to complete its 1:1 measure move to $460. The lending protocols have been gaining a lot of attention as people are looking for more yield. AAVE, Celsius, and a few other have made a lot of gains over the past few weeks. It is about to be Compound turn to catch up to the rest of the lending protocols.
Let me know your thoughts.