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COMPUSDT

$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.
KRAKEN:COMPUSDLong
by realMarketSurfer
2
Compound (COMP) - March 25Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- We have to see if we can get support and climb in the 309.65-323.78 segment. If it falls between 309.65-323.78, Stop Loss is required to preserve profit and loss. In order to turn to an uptrend, it must rise above the 385.64-423.64 section and gain support. In particular, it remains to be seen if it can rise above the uptrend line (2). ------------------------------------------- (COMPBTC 1D chart) You need to make sure you get the support at the 0.006573 point. In order to turn into an uptrend, it needs to rise above 0.008439 and gain support. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto