COMPPERP trade ideas
COMP-PERP | Short tradeHTF trend is bearish . Left clean lows on the way up, swept the high into the 61.8 and broke MS . Came back up to form a lower high that was swept and broke down further. Entered on market after the second break of MS . First target is the low of this corrective leg, second and third targets are the extension levels.
$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.
Technical Indicators Projects Upcoming Downtrend For COMP Price The weekly technical chart for COMP showcases a bearish momentum. Compound price is showing signs of negative momentum on coming to the daily chart. Comp price is trading above 50 and 100 Moving Average. The 50MA price is at $441, making it temporary support for the coin. The coin's resistance on the upside will be at $600, and on the downside, it will see a bounce back from $475.Compound price broke above the semi-circular top for a new high, but it is currently retracing back to the lower levels. If the price breaks below the support of $475, then it can reach up to $400 in no time.
Kindly comment your thoughts below
$COMP on the verge of breaking outCOMP/USD pair looks primed for the parabolic phase of its rise after flipping the S/R.
Let's make money!
EDiCrypto | COMPUSDTThis is just a simple painting , no more no less ... Do the right job with your knowledge !!!
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
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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Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
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.
