Compound
🚨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?
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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
Compound COMPBTC - Bullish rectangle + Descending channel- Compound - COMP Rank #57 on coinmarketcap.
- On the chart we can spot a huge bullish rectangle, which will break up very soon!
- Also we can see a descending channel, which is also ready to break up!
- Profit target is below ALL TIME HIGH
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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- See my related idea about COMPUSDT below in the related section.
COMP to $720?Compound seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 720 and even higher.
ENTRY: triangle high @ 532
SL: local low @ 474
TARGET: height of the triangle projected from midpoint of the local range @ 720
RRR: 3.3
INVALIDATION: when SL level hit
Please like👍, comment🗣️, follow me✒️, enjoy📺!
Check also the previous COMP trade down below (also triangle breakout).
Compound COMPUSDT - Ascending triangle + very bullish setup!- Compound - COMP Rank #55 Token on coiinmarketcap.
- On the chart we can spot an ascending triangle, which is a very bullish pattern.
- Profit target is below ALL TIME HIGH + Ascending triangle target
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
COMPUSDT Ascending Triangle Formation!COMPUSDT (DAY CHART) Technical Analysis Update
Waiting for the ascending triangle breakout
COMP/USDT currently trading at $514
Buy-level: Above $535
Stop loss: i will update once i see the breakout
Target 1: $610
Target 2: $685
Target 3: $830
target 4: $880
Max Leverage: 2X or buy it on spot
ALWAYS KEEP STOP LOSS...
COMP Ascending Triangle 01/09/2021There is reason to believe we may be in super-millennium wave 5, and are prepping for millennium wave 3. Price is currently holding this high volume profile area and bouncing off the channel median. Volatility indicator at the lows while price is making higher lows and is now slowly growing. Hidden bullish divergence is visible on 1D RSI.
Measured price target of triangle breakout: ~$678 (28.9%)
On the H4 timeframe we can see the most recent breakout, with volume, RSI and volatility increasing:
$COMP/USDT (Binance Futures) Falling wedge breakoutCompound is looking good for bullish continuation here after regaining 100EMA and breaking out.
Current Price= 455.95
Buy Entry = 455.63 - 442.81
Take Profit= 496.82 | 548.43 | 601.95
Stop Loss= 1039.8
Risk/Reward= 1:1.25 | 1:2.6 | 1:4
Expected Profit= +21.20% | +44.16% | +68.00%
Possible Loss= -17.02%
Fib. Retracement= 0.786| 1.117 | 1.414
Margin Leverage= 2x
Estimated Gain-time= 5 weeks
COMPUSDT🌟this alt is in sideway in higher time frames while showing signals of bullish sign in lower ones that's where we enter in such coins
🌟the chart can face the 421$ too but as we have a greater target for it and no time to check all of these opportunities we just enter here and wait for our targets to be touch
👉This idea has the confirmation of "advanced price action" 👍
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COMP triangle breakoutCompound seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 481 and even higher.
ENTRY : local high @ 445
SL : local low @ 432
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 481
RRR : 2.7
INVALIDATION : when SL level hit
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COMP/USDT - potential 131% setupHello, Traders!
COMP has been consolidating in the active trading range of $396 - $492 for a long time
Volumetric and cluster analysis shows the presence of demand on the part of buyers.
It is possible to connect to purchases in parts in order to catch a stop on correction:
The first part in the range of $396 - $435
The second part in the range of $332-$370.
Stop loss on consolidation below $255
Buying targets would be levels:
$550
$608
$691
$786
$852
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
COMPUND FINANCE (COMP) Looking Nice.Looks like we're sailing towards some price appreciation in the days to come. Blue chip DeFi projects such as Compound Finance will perform well throughout this year. Decentralized lending protocols play such a vital function in DeFi.. We're oversold on the daily Stochastic RSI and about to bullishly diverge on the MACD. I'm liking how COMPs chart is looking moving steadily sideways. May be a decent time to get in on a short term. Only 10,000,000 coins and 55% are already circulated. COMP has great potential to easily be a $1,000+ coin this cycle. Good Support at $400!
Peace, love, health, and wealth be with you.
COMPOUND stuck in this zone ? will it break itHi, As you know compound has so much potential but with the uncertainty in the market, in the recent bullish scenario those who bought at high have sold it so the volume of compound decreases at a rapid pace
No compound is consolidating in this for a while there is strong support in this area around 390-400
as we now seeing the volume coming in it will restest the previous support after that we will think to take entries at 400 then will hold it till 550-600. we are eying at that level