COMP/USD Lower time frame bull flag COULD mark the bottomTrying to get the absolute low is a risky task, but this one is looking very good for a reversal
COMPBULLUSD trade ideas
Compound Looks Set To Continue Rallying! BUY COMPUSDCompound has just completed a 3 wave correction and it could potentially start rallying from here. If the market does indeed start rallying from here then we can expect the first target to be at the 141.0% Fibonacci extension of the previous impulse leg.
Compound looks set for a march northCompound looks really attractive based on the trading signals. It has also formed a bullish pennant.
The problem with these trading signals is that they aren't always that accurate with assets that have such a small market cap. Nevertheless, its looking interesting.
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COMP/USD Bull Pennant/Ascending Triangle on 4hr chartBull Pennant/Ascending Triangle forming on COMPOUND on 4hr chart
Strong support at .786 fib retracement currently bouncing
Symmetrical triangle on RSI showing higher lows
MACD showing bullish divergence with impending golden cross
Next target $704 based on measured move of previous breakout
COMP at Critical LevelCOMP is at the bottom of the pitchfork support and is going to have to choose a direction soon. A breakout up would be rather bullish, and if (after some consolidation) it could break above the top of pitchfork I will double down on my position, as the pitchfork will act as a VERY strong support. However, a break down would be short term bearish and I would expect it to stay below the pitchfork for some time.
COMPUSD - Ascending Channel - Support LevelsKeep an eye on 340 and 280.
There's only 10 million COMP.
The team holds 10% of that.
Short term down, long term up.
COMP bounce or fall?From this pitchfork we can see the support levels for COMPUSD. By drawing a sloping resistance along the peaks we can create a triangle, and can see that this consolidation will choose a direction soon. I plan to take this trade in the respective direction of the break.
COMP Broadening FormationCOMP broadening formation. The red trendline indicated a resistance level and the two green trendlines indicate the support level rang. If this is respected expect to see a $400 COMP soon.
COMP/USDTwo potential Long scenarios in Compound. The first being a current market entry with a stop below the previous low @ the .618. If the rest of the market begins to roll over to the downside, the second opportunity could potentially present itself at the 1:1 extension. Both sharing the same conservative target @ $639.
Compound: Breaking Rank!COMP is breaking rank. Other cryptos currently breaking rank are BNT and KNC which I've covered in previous publications. With Compound, I would probably gun for a smooth $600 target and exit with a 20% bag. Things are beginning to pop!
* Not financial advice; trade at your own risk.
**If you have patience and you like big wins and big money, follow me. I track all 37 USD-paired cryptocurrencies on Coinbase (and many others) and regularly seek out the most potentially lucrative swing trades for you. All my charts are clean, straightforward, and easy-to-follow. My sell zones are conservative, but that's because I believe in exiting while still holding the fat money bags! The more intrepid traders can let the winners run a bit longer if they choose. Good luck and safe trading to all!
COMP Price Is In Doubt About The Trend Compound price is at the level of $485.16 with a gain of 3.4% in a day. The price of COMP can encounter resistance while going upside at the value of $540. The bounceback for can be seen from the level of $378.COMP price is above 50 and 100 Days Moving Average.The 50MA (RED) line is at the level of $404, making it temporary support for the price.
Kindly comment your thoughts below
COMP/USD BLUE SKY BREAKOUTI spotted a bullish pennant with bullish divergence. BTC just closed above the daily 21 EMA, so it should be moving up in confluence with some of these blue-chip alts. Hopefully legacy finance doesn't mess with what's showing on the charts.
Compound (COMP) can potentially rise 160% - High and Tight FlagCOMP did break out above the top of the flag pattern, but the price has since dropped.
If the price can continue to rise we could see gains of 160%.
COMP possible 15% gainHit my bottom blue trend line. Expecting it to get back in channel this week!
Short-term
Timeframe: 1-2 weeks
Possible Gains short term:7-15%
Price Target: $550
This is just my view and information for me to track. Do what you will with the information!
COMPUSD ascending triangle riding the supply line.COMPUSD ascending triangle riding the supply line. Low risk and at the end of apex. Will BTC play ball?
COMPUSD Technical Analysis Introduction
Hello trading-view! COMPUSD might experience a 24% rise sometime soon. It has just put into action it's symmetrical triangle pattern by breaking to the upside, and right now seems to be the best time to get in.
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Technical analysis
COMPUSD is headed for 660$, and, as I said above, this is because of it breaking out of it's triangle pattern. Here is the rest of the information concerning the trade.
Entry: 532$
Target: 660$ (24.07%)
Stop-loss: 509$ (4.51%)
Risk to Reward: 5.34
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Final thoughts
I will keep track of how many winning/losing trades I've had to see if I'm actually any good. I really should have started this sooner, but better late than never. Win rate, average risk to reward, average % profit, average % loss, and total net profit will be at the bottom of any idea I post. This will be using only analysis I make public; it doesn't include any private trades I may take. Good luck and great trading everyone! (Links down below to all past successful trades).
*not financial advice
Long TradeI work out a Bipoon signal to buy COMP
The next attempt to set a new maximum. We enter on a rollback.
COMPSo long as BTC doesn't ruin the party. This looks like a decent set up for a shot at the highs from R/R stand point. Also seems laggy of of its tru pairs BAL/AAVE (which havent really given up as much ground) etc. Thesis is that the local low was just put in, in and around the trend line support. 500 1st real stick area needs to close above for mark up to proceed. IMO. Close H1 or above below 446 ish invalidates.
