Get started

COMPUSD

🚨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.
Long
by V0VOLAN
Compound (COMP) - October 5Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (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. ------------------------------------------ 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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.)
by readCrypto
COMP - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. COMP is overall bullish and now approaching the blue trendline from Daily acting as a non-horizontal support, so we will be looking for buy setups. on H4: COMP is formed a wedge pattern in red but it is not ready to go yet. Before we buy, we want the bulls to take control. Trigger => Waiting for a momentum candle close above the last swing high to buy (gray area) Meanwhile, until the buy is activated, COMP would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
23
Q4 is here! Lets trade some ALTs! Here's a quick Look at COMP 8 hr chart. As we can see, the price has been forming a bigger falling wedge and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically! The best entry would be, when the price breaks above the falling wedge with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone . 1. 359$ 2. 427$ 3. 452$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
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 ↓ - If you want to see more of these ideas, hit "Like" & "Follow"! - See my related idea about COMPUSDT below in the related section.
Long
by UnknownUnicorn2537518
5
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"!
Long
by UnknownUnicorn2537518
5