Get started

Compound

educational A detailed explanation of the SHARK harmonic pattern The Shark model was discovered in 2011 by Scott Carney. It is somewhat similar to the crab pattern, and the most important characteristic of this pattern is that it depends on the 88.6 Fibonacci correction ratio This model was created by combining Fibonacci numbers with Elliot Wave Theory. The shark model is characterized by the need to specify the points for determining the model points, which are x, a, b, c, and the beginning of the structure of the model is point 0. In the shark model, point B exceeds point x buy style 1- There is no specific correction for A 2- Point B corrects 113 to 161.8 from XA 3- Point C of model completion at 88.6 to 113 0X and at 161.8 to 224 AB sell style 1- There is no specific correction for A 2- Point B is a correction from 113 to 161.8 from XA 3- Point C of model completion at 88.6 to 113 from 0X and at 161.8 to 224 from AB below you can see one of our trades on shark pattern , and other educational content and some other trades on it
Education
by Elrouby
2
educationalA detailed explanation of the harmonic model SHARK 🦈 The Shark model was discovered in 2011 by Scott Carney It is somewhat similar to the CRAB model 🦀 🔹 The most important characteristic of this model is that it depends on the 88.6 Fibonacci correction ratio This model was created by combining Fibonacci numbers and Elliot Wave theory. The shark model is characterized by the need to specify the points of the model, which are X, A, B, and C The starting structure of the model is point 0. In the shark model, point B exceeds point X 🔴 bullish style 1️⃣ No specific patch for A 2️⃣ Point B corrects 113 to 161.8 from XA 3️⃣ Point C for model completion at 88.6 to 113 0X and at 161.8 to 224 AB 🔴 bearish style 1️⃣ No specific patch for A 2️⃣ Point B is a correction from 113 to 161.8 from XA 3️⃣ Point C for model completion at 88.6 to 113 from 0X and at 161.8 to 224 from AB
Education
by Elrouby
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