COMP loading for new leg up!!!Cup and handle pattern forms on daily chart and 4hr chart . Could there be a $450 COMP loading?... like and comment let me know what you think
King Alaluna
Compound
COMP to Reach $1000 Soon#Compound, abbreviated #COMP, is a #cryptocurrency or form of digital asset with a market value of about $ 2.13 billion, ranking 74th in the market and dominating for 0.07% of the total market. Each unit of the COMP is currently trading at $ 353.63.
As the compound is the head of the #DeFi group, it is expected to grow to $ 1,000 in the first phase. The next targets are $ 1,200, $ 1,600 and $ 2,200, respectively.
COMPOUND HAVE MORE THAN THIS - ITS ONLY THE START. - BREAKOUT EXHello trading friends,
We did see some breakdown trend with the most of markets, and as we expect that BTC could hold the Time frame for the whale trend there is an option that in coming times the markets could get green.
BAck the main coin COMPOUND and also the coin may be the most did leave or not interesting to have it. and Yes i can understand that. because when a market gets down - it feels not interesting.
Depending on the before study I have seen interest in this coin, and expect the coming we could get a huge breakout what could bring COMPUSDT First above 400 USD, after that even to 600 USD.
# Do always your own study and have a great day.
This view means more that you can see the interest, but you are the one that should do TA to confirm or it's interesting for you or not.
Like and follow for more trends - thank you!
COMP Bullish structure forming- Flip 380 USD would indicate a strong trend reversal. (0.236 from ATH)
- BTC pair rolls over and at bottom support.
- increasing volume profiles dominated by buyside.
- inefficiency between two sellzones
- second sell zone coincides with 100% expansion of current tradingrange.
COMP Could Blow Upwards - Trendline BreakoutCOMP is at the trendline which is on a 4 hour timeframe and it looks to be trying to break it. If it does it could possible go upwards, maybe fast or maybe in a couple days. Unless bitcoin causes everything to crash again.
Please note this is not financial advice.
MY MINIMALIST ANALYSIS FOR COMPOUND $COMP
10.26.21
0537H +8 SINGAPORE
ALERT: ENTRIES,PARTIAL EXITS, EXITS and MAXIMIZED AREAS OF VALUE
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!"
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.
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur, 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 even if you wish to hold longer for a CONSERVATIVE MAXIMUM TARGET AREA OF VALUE (Depending on, if the conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, and especially your Fibs, Market Dynamics, and trading psychology.
The above-mentioned is sufficient enough as a major deciding factor for this MINIMALIST CHART.
Note: That This CHART is best used without indicators. (As we all know, they lag.)
Compound Potential Long 215-260Even though BTC and others are bullish...COMP suffured an exploit and will most likley do some slow bleed out before it starts regaining stronger ground.
Long at 260 - 215....
If 215 get broken we could see some serious issue with comp at the final alt season run. This could also impact other DEFI token that have direct connections with compound as well.
🆓Compound (COMP) Oct-18 #COMP $COMP📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 280$ zone
🔴Buy : 300 - 280
🔴Sell : 380 - 460
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 280$ zone
🔵Sell : 280
🔵Buy : 240
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
COMP/USDTCOMPOUND trend in falling wedge where make a bottom at 279$ and then test it three times ..so my conclusion is "that is a solid bottom :)" then broke falling wedge pattern make support on golden pocket 315$ ..now need to flip resistance to support at 338$. where make a potencial W pattern/bullish ..potencial long price is on the chart..cheers