COMPUSDT
COMPUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 150 - 170 - 190
after first target reached move ur stop to breakeven
Stop: 99 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
COMP breakout and retest!!!the comp managed to breakout and retest, according to my analysis the price will go up high if it succeeds in retesting, for take profit and stop loss you can see for yourself on the chart that I have drawn
You can reanalysis if you want
Don't forget money management and DYOR
Thankyou....
COMP (Compound) Token {Market Cap} Analysis 03/04/2022Fundamental Analysis:
Like many digital assets, only a fixed number of COMP tokens will ever come into existence. The total supply is capped at 10 million COMP and as of writing, less than a third are in circulation (~3.3 million).
Out of these 10 million tokens, just over 4.2 million tokens will be distributed to Compound users over a 4-year period. The second biggest allotment (almost 2.4 million COMP) goes to the Compound Labs, Inc shareholders, whereas 2.2 million tokens will be distributed to the Compound founders and current team with a 4 year vesting schedule.
Finally, 775,000 COMP are reserved for community governance incentives and the remaining 332,000 tokens will be allocated to future team members.
The exact rate of COMP emission is subject to change over time, as voters are able to increase or reduce the emission rate by passing a proposal through community governance.
The current CoinMarketCap ranking is #90, with a live market cap of $1,021,434,119 USD. It has a circulating supply of 6,686,099 COMP coins and a max. supply of 10,000,000 COMP coins.
Technical Analysis:
There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle.
There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points .
The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally.
Currently the Price Value is at 78.6% Fibonacci retracement level; it means it has broken the 78.6% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area .
The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved.
The Asset is at the Accumulation Level Currently, which means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates
Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
Compound vs Tether Very Strong 250%, More Advanced Than COMPBTCCompound vs Tether is looking better than COMPBTC.
COMPBTC has higher potential for growth based on the chart technicals but COMPUSDT is already above EMA10 and...
We have strong trading volume.
3 Consecutive green weeks/candles.
A higher low compared to Nov. 20 2021.
Bullish cross on the MACD and RSI.
The same falling wedge pattern.
And as I just mentioned, prices trading above EMA10.
These are all bullish signals on the weekly timeframe, which makes them 7 times stronger than the daily timeframe...
Something good can happen next.
Namaste.
Similar to Dogecoin, CompUSD looks ready to break!Traders,
This one looks similar to my DogeCoin post a few days ago (see link to related ideas below):
Inverse H&S pattern - looks to be playing out
Clear target at area of confluence
Similar pattern as many other altcoins ...tackling a major MA
So, here's the way I'd play this (also, similar to the recent dogecoin post):
#1 - Zoom in to the 4 hr chart.
#2 - Now, pending your risk tolerance here's how I would play this:
------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter.
------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden.
------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare.
Targets:
You first target shall be $152. If you still have your grips on that diamond, then go $170.
Best to you all!
Beer money appreciated.
-Stew
COMPU - Call me crazy!Hey Guys, do you missed some pumps we had in the last hours? I found COMPU and I have to say, I never traded this Coin, but it seems like it could make a big pump like some other coins did in the past.
It`s just an idea and for sure we have to take a look on BTC. Hope we close a bullish candle and make this trade happen.
Please, it`s not an financial advice. Always do your own research. I only share my thoughts and ideas.
Happy trading my friends!