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.
Compound
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
🚨COMP-is it time? F.Wedge+Macro BottomWhat you need to know is that the was some bad news that came out recently:
"$22M Drained From Compound Contract That Was Hit for $80M Last Week. About $66 million – and counting – was recently added to the still vulnerable contract, thus making more funds available for exploit. "
Source: coindesk
That event obviously had a negative impact on the price, but surprisingly we didn't see a rapid sell-off.
Compound touched the bottom trendline of the parallel channel for the third time and seems like it's about to break out of the falling wedge formation anytime now.
The key level to claim is ~360.0. Once it's done compound will be ready for some big moves. Until that happens it's possible for the price to just keep going sideways.
LUNA UPDATE Luna following my previous analysis perfectly. After securing +120% partial profits on our leverage position we continue to hold the remainder of our trade risk free, now we can see the market has made yet another correction giving us the possibility to compound our position. Waiting for a confirmed 4hr higher high to look for a second entry.
Compound (COMP) - October 5Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(COMPUSDT 1W Chart) - Mid-Long-Term Perspective
Above the 144.58-287.10 section: The uptrend is expected to continue.
The centerline of OBV in the volume indicator is showing a lot of upside.
We need to see if the green width increases as the centerline of OBV declines.
If the price is maintained above the range of 144.58-287.10 with this change in trading volume, it is expected to lead to a large increase.
On the wRSI_RC indicator, you need to check if the RS line rises below 20.
If this change is accompanied by a volume explanation, we would expect it to turn into an uptrend and move up along an uptrend line.
(1D chart)
Support section: 220.36-266.58 section.
First resistance zone: near point 359.03.
Second resistance section: 451.47-497.69 section.
If it falls from the support zone, it is expected to touch the 144.58-191.87 zone, which is the boundary zone of the mid- to long-term investment area.
I mentioned the resistance section separately, but the resistance section is formed throughout the volume profile section spanning the section 359.03-529.78.
It is expected that it will take some time to break through this section upwards, but if the BTC price rises to the 50K level and maintains the price, it may rise accordingly, so we need to watch the flow.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, 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 regenerate themselves.
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** 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 the sake of 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.
(Because it is not public, 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.)
🆓Compound (COMP) Sep-28 #COMP $COMPThe selling force on COMP is dominated so in next days, it could fall down sharply to 260$ from this 340$ zone. The 260$ zone is quite reliable to start a new rally up to 340$, 420$ and 520$ zone or even higher in October.
📈RED PLAN
♻️Condition : If 1-Day NOT closes ABOVE 2.2$ zone
🔴Sell : 340$
🔴Buy : 260$
🔴Sell : 340$ - 420$ - 520$
📉BLUE PLAN
♻️Condition : If 1-Day closes ABOVE 2.2$ zone
🔵Buy : 340$
🔵Sell : 420$ - 520$
❓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