COMPUSD Upward ContinuationAn underdog coin, with huge potential
As can be seen on chart an inverse head and shoulders has pushed the price above a curved resistance
this will most likely lead to further upward continuation as it is in the lower range of the main channel plotted
only 1 test of 1.618 led to a breakout to 2.618
Hopefully only the 1 test at 2.618 we have seen will be the only test at this level, and a breakout to 3.618 will proceed
COMPUSDTPERP
COMPUSDT(CRYPTO)Price Action Analysis and Trade IdeasHello,
In this video I talked about higher time frame price action analysis, order blocks, support resistance, steps of action, 4 different trade ideas, and risk managment.
I used the weekly timeframe to identify my support and resistance, followed by the daily time frame to identify any bearish order blocks.
Hope you enjoyed the video, if you have any questions feel free to ask.
If you like these videos, leave a thumbs up.
If you want to challange my analysis, please do so I want to hear the counter arguments.
Check out my previous video on BLZ for further explanation and rambling.
Cheers,
COMP 1D Power is, the mind is not necessary. Where better to buyA very long time ago, we did not publish the idea of a trade pair of Compusdt
Today we decided to publish because COMP Token Compound is one of the few alts, which showed growth last week.
Over the past week, buyers showed an increased interest in the Compusdt pair, it can be seen in the combination price increase + high trading volumes. And we did not find some screaming news that could so push the price up. If we missed something, please write about it in the comments.
Now, the price hit a strong liquid area of $440-540 , which the last price was last checked for strength on the rebound after the May fall.
Now it is more logical that the price will fall for checking the strength of a $240-290 area . If buyers are activated in this zone again, it will be a clear signal for taking a Long position, because then buyers will show that they are strong and there are many of them. In this case, it will be possible to focus on further growth behind the white scenario.
If by that time, the negative mood in the cryptocurrency market will dominate, and the price of Btcusdt will update the minimum, then it is unlikely that the price of CompUSD will go against a common trend. In this situation, you will need to focus on the movement of the price behind the red scenario, and the area of $140-160 will be tasty to buy.
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COMPUSDT COMPUSDT(Day CHART) Technical Analysis Update
Reversing from the support
COMP/USDT currently trading at $610
Buy-level: $585- $610
Stop loss: Below $550
Target 1: $660
Target 2: $690
Target 3: $750
Target 4: $850
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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COMPUSDTI got a feeling that too many of you guys are stuck in this coin day trading.
I did a great jump up, FOMO happened and here comes the dump.
If you still got it and your liquidation point isn't anywhere close, hold it.
It's got 2 strong supports + a strong lower Bollinger band which can activate support even more and stronger than before.
It's an alt coin so you won't end up losing money if you don't panic sell now.
This is not a trade setup, it's for the people who already bought this coin and are having panic sells.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
🆓Compound/USDT Analysis (20/2) #COMP $COMPCOMP is accumulating a lot in $400-550 zone and this shows us that COMP is a very potential coin and very profitable for us.
📅NEWS
No News
📈BUY
-Buy: 440-460$. SL if B
-Buy: 540-570$ if A. SL if B
📉SELL
-Sell: 540-570$. SL if A
-Sell: 760-800$. SL if A
-Sell: 1050-1100$. SL if A
-Sell: 1550-1600$. SL if A
♻️BACK-UP
-Sell: 440-460$ if B. SL if A
-Buy: 340-360$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
✳️Compound/USDT Analysis (9/1) #COMP $COMPCOMP has just exited the downtrend and $160 zone shows good buying force. This can help COMP to rise sharply to $220 zone and if it breaks out of this zone, COMP can easily rise to $300.
📅NEWS
No News
📈BUY
-Buy: 155-165$. SL if B
📉SELL
-Sell: 215-225$. SL if A
-Sell: 290-300$. SL if A
♻️BACK-UP
-Sell: 155-165$ if B. SL if A
-Buy: 125-135$ if A. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
COMP AnalysisAfter a double breakout but HARD rejection, comp looks tired. It also broke through the 4H ascending trendline, as well as being below the decision line.
I'm expecting COMP to revisit a lower support of ~140$.
The market still is very volatile with BTC reaching new highs, don't over-leverage and trade with caution.
COMPUSDT - Buy buyPrecondition:
Global trend down
Local trend up
What Is Compound (COMP)?
Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.
When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.
On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.
Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade