COMPUSD Bullish on COMP across all time frames as price refuses to break lower and has retested previous resistance now turned support more than once.
COMPBULLUSD trade ideas
COMP simple s/r flip, looks primed to breakoutCompound is looking very bullish on the COMP/USD and COMP/BTC pair. There are 2 trendlines to break out of for COMP on the BTC pair which it is testing the first, and as we can see we have a smaller S/R flip with a higher low just under a current resistance. If we break this resistance, there is not much in the way for a ~25% move to the mid-upper 600s as shown in the chart. Long can be taken, with targets and stops as shown
COMP seasonDefi has underperformance most of 2021 - I think it outperforms EOY and finishes parabolic
COMP Ascending Triangle 01/09/2021There is reason to believe we may be in super-millennium wave 5, and are prepping for millennium wave 3. Price is currently holding this high volume profile area and bouncing off the channel median. Volatility indicator at the lows while price is making higher lows and is now slowly growing. Hidden bullish divergence is visible on 1D RSI.
Measured price target of triangle breakout: ~$678 (28.9%)
On the H4 timeframe we can see the most recent breakout, with volume, RSI and volatility increasing:
COMPUSD Impressive symmetryImpressive symmetry between right and left sides of the possible head and shoulders formation
I am long this coin
CompGot the breakout after a pull back and retest of the wedge on smaller time frames. Some resiatnce at 477 and monster resiatnce 542. I’ve been long since 429$ looking good still! Let’s goo
CompComp looking interesting to me. Looking like it’s breaking out on smaller timeframes. Seems to have a large volume spike. Seems to have broke from 429$ area. Is now in an ascending traingle on smaller timeframes. With support around 439$. I did jump in around 431$ as my alerts went off and may add more if we break above 450 and hold. Target is 530
COMP 1D Ascending Triangle 23/08/2021Potential ascending triangle visible on the 1D chart. Confirmation as per Bulkowski is 3 touches of one trendline, and 2 of the other - we are 1 touch away. Volume is also trending downwards, consistent with the pattern. Measured price target is ~28.7% (~$682). Average rise for this pattern is 43%. Breaks upwards 63% of the time.
Breakdown of lower trendline would likely lead to continuation drop until $380/$325.
Other technicals:
Bollinger bands are squeezing, indicating we may see a large move when this breaks out of either side.
RSI has been bouncing off the median and is trending inside the bullish control zone.
VPVR shows a large amount of positions being taken at this current price range.
Higher lows being plotted so far by the lower trendline.
COMP long termCOMP long term scenario, keeping it as a record, would like for it to go up but in the worst case it takes out range low and goes for ATH
COMP Affection for Inverse H&SShowing all the inverse H&S patterns on chart
Seems COMP has an affection for them
COMP Cup & HandleCOMP forming a classic cup & handle above the 200 day. If Bitcoin can hold the 200 day, think this breaks out shortly. Measured move is to the $700 resistance
$COMP LONGTrend revsersal on good volume.
1st and 2nd entry zones marked by green arrows
RR stop and target zones marked in red/green shaded area
COMP: VSA Looking GoodEntered yesterday at 411.27. Taking profit and gunning for the .272-.618 territory. VSA looks promising. Let's see if it retests TR-R or just barrels straight through to fibland.
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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
Altcoins: bulls take directional controlThe altcoin space is capturing our attention with a series of impulsive price movements that could be used to anticipate other frontline cryptos for the coming 4-6 weeks. In this video, we analyze the soaring prices of SNX, SAND, YFI, CRV, MKR, AAVE, CEL, and COMP.
Compound (COMP) - July 26Hello?
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(COMPUSD 1W Chart)
If the price holds above the 250.561321 point, we expect the uptrend to continue.
(1D chart)
It remains to be seen if the 369.536000-405.766170 section can find support and move up.
It remains to be seen if it can move above the 405.766170 point and continue its uptrend.
If it declines from the 277.661808 point, it may enter the mid- to long-term investment zone, so careful trading is required.
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(COMPBTC 1W chart)
If the price holds above the 0.010745 point, it is expected that the uptrend will continue.
(1D chart)
It remains to be seen if the 0.010608-0.011425 zone can support and move up.
If the price holds above the 0.011425 point, it is expected that the uptrend will continue.
It remains to be seen if the green color of OBV in the volume indicator can remain elevated.
Green in OBV means buying.
In the CCI-RC indicator, since the CCI line is located in the range of -100 to +100, the price is most likely located in the box section.
It remains to be seen if the CCI line can accelerate the uptrend by moving above the EMA line and above the +100 point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional 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 disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in 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 section where you can buy for profit creation as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. 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 are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
COMP - More Beraish Than OthersAs per request
COMP had it last rally late in the day and post crash has meant it suffered a 70% loss in a week. Perhaps COMP will follow a similar price direction to other coins as the bear market continues but such a sudden loss does not do good for confidence and also mean there are more potential bearish fibonacci projections.
Taking profit by moving up the SLWe are taking profits on Compound by moving up our stop loss to 350
We entered the trade on the break of the psychological level of 200. We are still targeting the ATH of 900 but decided that at 100% profit now, we should lock in 75% of it if it drops.
You can enter this trade at those levels now also and put your stop loss and take profit similar levels. Risk less than 100 to take 500.
Compound: Simple Zig-Zag CorrectionCompound appears to have completed a set of 5 impulsive waves, with an extended sub-wave 5, for a first bullish wave 1. It is now correcting in the shape of a zig-zag, the most common pattern for a wave 2. Right now it is tracing sub-wave b of wave 2 and I expect a sub-wave c of wave 2 in the upcoming days that could push the price down to the $325-360 range, which would be an ideal long entry point. This range is derived from a Fibonacci retracement of between 50% and 61.8%, but the 61.8% being the most probable occurence.
COMPUSDT - LONG SETUPSince COMP's recent bullish impulse on the daily timeframe the market has provided us with a nice correction to the 0.382 fibonacci, generally speaking after a impulse and correction you expect the market to make the continuation to the upside, on the 4hr timeframe however everything at the moment is bearish we are below corrective trendline and we have a head and shoulders formation. IF HOWEVER the market manages to break above the corrective trendline and form a new 4hr higher high and close above this previous swing high, on the retest if all other entry rules are satisfied we will be taking a nice long.
