🆓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
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
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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
COMP Really loves this formationI recently made a post on COMPS affection for the inverse H&S
This current one, a bitcoin pair is showing the same signs however with a slight difference on the positioning of the head
Hopefully a bounce back into the channel and further upsides to come
I am long COMP
COMP 1D Ascending Triangle 23/08/2021Potential ascending triangle visible on the 1D chart. Confirmation as per Bulkowski is 3 touches of one trendline, and 2 of the other - we are 1 touch away. Volume is also trending downwards, consistent with the pattern. Measured price target is ~28.7% (~$682). Average rise for this pattern is 43%. Breaks upwards 63% of the time.
Breakdown of lower trendline would likely lead to continuation drop until $380/$325.
Other technicals:
Bollinger bands are squeezing, indicating we may see a large move when this breaks out of either side.
RSI has been bouncing off the median and is trending inside the bullish control zone.
VPVR shows a large amount of positions being taken at this current price range.
Higher lows being plotted so far by the lower trendline.
Compound has been lagging behind most of the Defi Market. COINBASE:COMPUSD Comp has been lagging behind most of the Defi Market off the July lows.
Usually a lagging coin might be a good opportunity to rotate into while the rest of the market continues to correlate strongly together.
Trade Defi at FTX: ftx.com
COMP SEEMS LIKE A DECENT TRADEWe can witness an Adam & Eve pattern printed on the daily chart. The crucial resistance ahead must be flipped into support to enter a trade with a decent R/R. MACD shows signs of divergence in the positive zone. RSI has room to grow to confirm a breakout. Volume is decent.