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COMPUSDT

Bullish signals invalidated - expecting more downsideThe current situation: 1. Price action previously formed a double bottom on the 4HR chart, but once it got to the neckline at about 124 USD, it was rejected and apparently does not have the strength to break out. Currently, it looks more like a double top with a measured move of 110 USD from the neckline at about 117 USD. 2. There was bullish divergence on the 4HR chart, but that did not seem to have played out strong enough to get above the double-bottom neckline. The bullish case: price action retries and breaks the double-bottom neckline towards and goes towards the measured target of about 132 USD The bearish case: price action breaks below the double-top neckline and goes toward the measured target of 110 USD *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:COMPUSDShort
by CryptoRush_
A way out !BINANCE:COMPUSDT Hello everyone. As we can see : - Convergence recently - Heavy support - Downward resistance - Horizontal RSI resistance at 53.5 COMP is trending on last support ! Also this support is very heavy, we expect a pullback and a breakout from resistance also if RSI break 53.5 resistance then we will see a pump till 160$ resistance ! There is a liquidity pool which can hunt some shadows there ! But if COMP failed to pullback and reject from support then there should be a new low for COMP :) we open our long position at 137$ ( if take hold above resistance ) Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Long
by Helical_Trades
2
COMP/USD (Retest Key Area of Support?)💎Technical Analysis Summary💎 FTX: COMPUSD -Compound Token is unable to break the trendline resistance -It is facing rejection and might retest key level of support at 120s area -My advice is to wait for the proper upside breakout before planing your entry -You may look to enter with momentum breakout or wait for a pullback -The upside potential is up to 180s area of higher `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
FTX:COMPUSD
by PolarHusk
10
Compound (COMP) - September 28Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It remains to be seen if it can rise above the 145.30 point to form a double bottom. We should also see if we get support at 145.30 and climb, allowing for a cascading climb as shown in the chart. The important point in our current location is at 162.08. If you climb above the 162.08 point and get support, I think it is possible that the bottom section has been formed. -------------------------------------------------- ------------------------------------------- I think it is a period of volatility from September 21st to October 1st. Therefore, I think careful trading is necessary. About October 28, when maximum volatility is expected to occur, is about a month left. The most important thing is to generate revenue, so I think it's time to trade to earn money. ** 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 trading. You should trade from a short-term investment perspective.)
by readCrypto
6
COMPUSDT - Support and bullish divergences Comp has found a support around $127 and has hit that support two times and is now bouncing of. This goes wish a llist of bullish divergences on the 4H Timframe, ending with a missing right shoulder divergence. I expect after this divergence, at least a pull up to the +1 ATR on the 4H TF. Meaning a target of around 145. Entry should be somewhere around 132-133 Stoploss is a bit below the level of support, 125. I will exit around 145, and leave a third of the stack run with a trailing stoploss. entry: 132-133 SL: 124.95 Target 1: 145 (2/3) Target 2: 156
Long
by Tornado_Trading
1