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Compoundusd

COMP (Compound): Channel Down BreakoutTrade setup : Price remains in a downtrend, however, price had a bullish breakout from Channel Down pattern and above $50 resistance, which would signal bullish trend reversal with +20% upside potential to $60 next. Stop Loss at $46. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Strong Down. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $50.00, then $45.00. Nearest Resistance Zone is $60.00, then $68.00.
Long
by altFINS
COMP: Pullback in UptrendTrade setup : Price is in an Uptrend. Following a bullish breakout from a Symmetrical Triangle, price reached $100 resistance for a +70% gain, but got very overbought (RSI > 80!) and pulled back on some profit taking. Pullback near $68-$70 support area could be an attractive swing trade entry in Uptrend, with +40% upside potential back to $100. That $6 support level is near 50% Fibonacci Retracement level, which is also a possible support. Stop Loss (SL) level at $64. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $68 - $70, then $60. The nearest Resistance Zone is $80, then $100.
Long
by altFINS
Compound targets programmed Possible Targets and explanation idea ➡️Cut all noise on chart. Open weekly chart ➡️Fib in play. Weekly retracement FIB. We came in -0.27 level (accumulation zone) ➡️White dashed line is main middle term stop losses. Play like magnet ➡️Trade under fundamental price (real value price) based on Take Profit indicator. ➡️Magnet Is take profit line of Take Profit indicator and Exit line (grab stop losses) ➡️You don't need make a lot of lines and drawings on chart to understand main trend and targets if you have a right tools Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
COMPOUND COMP price ready for x2 growth?Today, we liked the Compusdt trading pair on global 3 days chart. It has not been analyzed for a long time, but now I liked that the Compusd price is moving in its own way, despite the maneuvers of the BTCusdt price. In general, Compound Protocol is in the top 10 in terms of volumes of blocked resources (TVL) in DeFi protocols Perhaps the individual behavior of the Compound price is somehow affected by this news: "DeFi project Compound has launched a lending service for institutional investors" Or maybe something more interesting is being prepared in the project, which we will find out after the COMP price shoots up) Summing up: while the COMP price is above $55, there is a good chance for x2 growth to the $100 area, where there is a strong liquidity zone. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
20
COMPUSD forming a long-term market bottomCompound (COMPUSD) has been trading within a Falling Wedge since the May 12 2021 High. Since February however, it has been trading within a Channel Up, which is the market attempt to form a bottom. In order for this to be confirmed as a bottom though, the price needs to break above the 1D MA200 (orange trend-line). If it does, it will be the first time to do so since September 07 2021. In the meantime, the 1D MA50 has been supporting since March 27. Another bullish structure pointing to a break-out is the fact that the 1D RSI has been on Higher Lows since January 22. A safe trade would be to buy once the 1D MA200 breaks. The higher Fibonacci levels can be used as rough targets: 0.618 at 380.00 and 0.786 at 535.00 -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:COMPUSDLong
by TradingShot
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 COMPUSD what next after retesting its resitance HI, congratulations and enjoy your profits if you took trades on my previous compound analysis where I explain how it is forming a bullish divergence where it can it is almost at my point I closed my 50% position waiting for retesting if rejected i will close all my positions and will open short here is a complete representation of what I going to do next If you are new to my analysis the check my previous predictions and decide for yourself
by ProfessorMH
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
Long
by ProfessorMH
Can it hold above these KEY levels of support to go higher?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COINBASE:COMPUSDLong
by CryptoRush_
3
Bullish signs but will the market keep plunging COMP?There are double bottoms on all major time frames except the monthly and this is a bullish reversal pattern. The neckline is at about 145 USD and the measured target is at about 170 USD. There is also bullish divergence on these major timeframes so if it plays out, it can be a catalyst for a reversal. But with the market conditions right now, it may or may not play out. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:COMPUSD
by CryptoRush_
1