Bulls Defend Critical Support: #COMPUSDT Shows Signs of Uptrend🐂 #COMPUSDT bulls fiercely defending the $38 area, where the 78.6% Fibonacci support was twice rejected. The recent price action reveals a clean rebound off the uptrend trendline and the critical VolumeProfile demand zone.
If this massive support continues to hold and #COMPUSDT can produce a new higher high, it is highly likely that we will see a continuation of the bullish trend. The next resistance level to watch is at the $50 mark.
COMPUSD
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
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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COMP IS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the COMP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
✅TS ❕ COMPUSD: support level✅✅ The COMP continues to hold support.
The chart has broken the downward structure.
Price will bounce from the current level. ✅
🚀 SELL scenario: short to 44.58. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
✅TS ❕ COMPUSD: descending channel✅✅ The COMP is moving in a downtrend.
The asset has returned to the downtrend channel.
The price will continue to decline. ✅
🚀 SELL scenario: short to 36.75. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
✅TS ❕ COMPUSD: fixed above the channel✅✅ COMP is fixed above the upper border of the channel.
The price held the support level.
I expect that the asset will begin to rebound from the current level. ✅
🚀 BUY scenario: long to 59.84. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
✅TS ❕ COMPUSD: downward channel✅✅ COMP tests the upper limit of the channel.
The price forms descending peaks.
I expect further decline after consolidation in the channel. ✅
🚀 SELL scenario: short to 48.45. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
Compound (COMP) formed bullish Gartley for upto 14.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Compound (COMP) token with US Dollar pair.
In previous trade setup, the priceline of COMP moved slightly down than potential reversal zone but recovered soon and then pumped well:
Now on a 4-hr time frame, COMP has formed a bullish Gartley move for another pump soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
✅TS ❕ COMPUSD: downward channel✅✅ COMP already failed to break through the channel border twice.
The peaks are going down.
I expect a fall after fixing in the channel. ✅
🚀 SELL scenario: short to 48.45. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
Compound (COMP) formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Compound (COMP) token with US Dollar pair.
On a 4-hr time frame, COMP has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
COMPUSDT HELLO GUYS THIS MY IDEA 💡ABOUT COMPUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
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.
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