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Compound

education5-0 . Harmonic Pattern The 5-0 pattern was discovered by Scott Carney 🔹It was published in his book “Harmonic Trading, Volume Two.” It is a unique model that has accurate Fibonacci ratio corrections to validate the model. 🔹Although the 5-0 pattern is considered a reversal pattern, because the 50% retracement level is the most important in the potential reversal area. Correction ratios are slightly different from Bat or Gartley style. 🔹The 5-0 category is in the 5-point harmonic reversal family of models 🔹It is essentially defined by a point B, as is mandatory for all harmonic patterns. The basic premise of the pattern is to determine the reactions after completing the opposite direction 5-0 patterns usually represent the first pullback of a major trend reversal. 🔹In many cases, the AB leg of the structure is the last failed wave of the trend.
Education
by Elrouby
AB = CD pattern education The lightning-fast pattern: The AB = CD pattern is one of the basic patterns and was first discovered by Gartley in a book he published in 1935 entitled Profits in the Stock Market (also described as the lightning fast pattern). In this pattern, the line connecting A and B represents the first price movement, and after the price makes a short correction move from point B and C, the pattern completes the line between C and D, which is the same line connecting AB with equal length. Although the price movement is not always completely equal, the length of the two lines in the AB=CD pattern are very close in length so that through them the reversal points can be identified 📌 AB=CD Pattern Using Fibonacci Ratios: 🔹 This model requires the availability of the basic Fibonacci ratios, which are 61.8%, 78.6%, 127, 161.8% 🔹 Point C must be corrected by 61.8% on the Fibonacci scale of the AB leg, or by 78.6%. 🔹 Point D is achieved at the corrective level 127.2% or 161.8% of BC. However, the following was noted: 🔹 When point C corrects by 61.8%, the extension of the CD leg reaches the 161.8% corrective level. 🔹 When point C corrects by 78.6%, the extension of the CD leg reaches the corrective level 127.2%. ⭕️ There are some cases in which the CD leg only corrects 100% of the Fibonacci scale, then the name of the pattern AB=CD is achieved and in this rare case it may be the classic “double top or double bottom” pattern. The CD leg may equal the AB leg at the time.
TVC:DXYEducation
by Elrouby
Compound Long - triangle breakout setupAs we can see COMP has been in a bear market since mid may 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone The project itself is base on De-Fi lending protocols and has a relatively great lending and repayment volume, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in. I will DCA between 112-91 and take profits at 227-253 𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
COINBASE:COMPUSDLong
by dylandias
Start of major Wave 3COMP has reached the 100% extension of the C wave as shown on the chart. I use Trend Based Fib. Extension tool to predict potential reversal areas. As you can see we had a complex major ABC correction that lasted almost 10 months. I am expecting a major wave 3 that could bring us to well above 1000usd. For this theory to have higher probability of happening, we need to break the 200usd soon. At that point I will become even more bullish. My target for this trade will be 370usd and I will reassess at that point. Follow for more updates.
Long
by DEFI-trader
2
Compound (COMP) Buy ZoneCompound (COMP) Buy Zone -------------------- BIAS Mid-Term : Neutral Long-Term : Neutral Risk : Medium With around 50% correction from mid term high, Compound is getting ready for a bounce in a couple of weeks. -------------------- $COMP/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 112.5 - 125 TP 1 : 129.5 TP 2 : 134.5 TP 3 : 145.5 TP 4 : 154 TP 5 : 162.5 TP 6 : 172.5 TP 7 : 183 TP 8 : 199 Stop Loss : 97.5 *Maximum 2% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
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.
Long
by MuMPiTz
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
by watchtrend
2
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
Long
by watchtrend
Compound (COMP) Buy ZoneCompound (COMP) Buy Zone -------------------- BIAS Mid-Term : Bullish Long-Term : Bullish Risk : High Currently above our second trend-line support after a weak short term bounce, Compound is looking bullish in mid term. We expect at least a $260 retest on which the entire market depends. -------------------- $COMP/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 235 - 251 TP 1 : 259.5 TP 2 : 274 TP 3 : 289.5 TP 4 : 313 TP 5 : 331 TP 6 : 368 TP 7 : 407 TP 8 : 449+ Stop Loss : 209 *Maximum 2% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
2
Compound (COMP) - December 25Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (COMPUSD 1W Chart) Above the 250.56132 point: the uptrend expected to continue Keeping the price above the 250.56132 point is paramount. If it declines at this rate, it is expected to enter the mid- to long-term investment area. The resistance range is 405.76617-490.76413. ------------------------------------- (COMPBTC 1W chart) To turn into an uptrend, it must rise above the 0.00657 section. In particular, it is expected that the upward trend will accelerate when the volume profile section formed in the 0.00657-0.00876 section is passed. To break out of the downtrend line, we need to see if it rises above the 0.00528 point. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, 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 disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:COMPUSD
by readCrypto