Compound (COMP) formed huge Gartley for upto 850% big rallyHi dear friends, hope you are well and welcome to the new trade setup of Compound (COMP) token.
During the current drop, on a mothly time frame, COMP has formed a huge bullish Gartley move.
Compund
COMPUSDT, We supported in PRZ levelHello everyone
Compound is one the most powerful project that is working ...
If you need to know and want to learn fundamental analysis you can send us messages in private
Accroding to the chart and previous analysis of COMP, After the price break the sensitive support zone area and our SL activated we analysed chart again that we found the point for the swing trend.
We shown on chart PRZ level that can support the price and start new movement of upwards.
The price exactly supported in support zone and its time to buy one step in here, the price according to the supported in zone has the potential to go up and test trendline resistance.
If it can go up with powerful momentum it has chance to break the trendline resistance and if it can break the resistance successfully it can move upwards more to new target.
We will update new target after break happen.
Dont forget use stop loss and put it below the lower shadow of candle in the zone 1-2% lower than that.
Good Luck
Abtin
Previous analysis :
Compund Update 4HA falling wedge pattern has been formed as you can see and static support is very close as you can see, a very good price if you want to enter for one step.
COMPOUND LOOKS READY FOR THE MOON ! GOLDEN TARGETS ON WAYHello trading friends,
The best scan of the week is COMPOUND. and even if this happens with dollar-cost avenging. what means if price breakdown there could be new entering for the high targets.
I do more times coins study, Compound shows an amazing trend, where it can show unexpected increases.
I believe that we are at the start of increase - and this is my personally expecting, do always your study, and manage your risk well, as at last, it's your money.
If I scan a coin and that coin increase coming, it means I have done this for myself also, and I will share only info where I expect it has a high chance to happen, into crypto there is noting called 100%, but there is something called also good Data and trends study, and that's what I do. there is also noting in trading that wins always, but as long you win more than lose.
# some time the trends can return, but even then a breakout is still possible. some whales waiting for an exact limit order to enter. but does not mean that you should wait as a day trader, if you do cost averaging, then you have long term plan.
I hope for you all to make great profits, but same time I hope also for all to have at last a plan with risk management.
For those finding this coin interesting after you have done your own study, I wish you the best.
TARGETS?
The compound can hit coming time above 400 USD + on way to 500 USD, and even 650+
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Have a great day!
#COMP/USDT [ COMPOUND ] trendline touche#COMP/USDT can do it from here after the continuous trendline touche 📈, keep an eye on it👀 .
4H Technical Analysis
⚪️ RSI: 61.78
❇️ Stoch: 90.68
⚪️ MFI: 48.57
❇️ CCI: 183.48
❇️ WR%: -6.75
E.SMA 10 25 50 100 200
EMA: ❇️ ❇️ ❇️ ❇️ 🔴
SMA: ❇️ ❇️ ❇️ ❇️ 🔴
⚪️ ADX: 25.38
❇️ ADX Signal: +DI > -DI (Bullish)
❇️ MACD Bullish Crossover ON
❇️ Parabolic SAR: Bullish
#BTC #Trading #Binance
$550 Comp is incoming Comp is ready to breakout of the falling wedge. This will give massive gains to COMP hodlers. Get ready for solid profits 🚀
$COMPUSD - Long on Triangle and FlagHello everyone!
Compound is traded inside a symmetrical triangle, the projection on the chart is theoretical based on the price action.
There are two points where I suggest to close long positions, 1 - based on the flag pattern, 2 - based on the triangle pattern.
You can partially close position at 1 and wait for 2, up to you.
The best point to keep in mind in all chart pattern trades is wait for a breakout, the best of the best is wait for a breakout and retest, so wait for a signal and perform the necessary trade.
