Inverse Head and ShouldersOK, this one has a bit of ugliness to it, but it's clearly an Inverse Head and shoulders.
Letting it run.
COMPPERP trade ideas
Looking for break and successful retest of resistanceEnter trade on break and successful retest of resistance line
If trend line (pink) is broken. We re-test support.
If support is broken. We go lower
COMP/USDCOMP confirming the classic cup & handle pattern; measured move up to ~$363; would give it another day or two to confirm
not trading advice
tg
Long COMP/USDBullish on everything DeFi until $100,000 BTC
With ETH approaching new ATH's presumably by the end of this week, it won't be long before the real bull run begins. So far, hodlers and institutional money managers have led the charge, but true retail investment hasn't even begun to explode. When ETH passes into the $1,800 USD area, the real FOMO Market will begin. Things will be incredibly choppy but until BTC hits $100,000, no dip regardless of size should be considered anything but a correction, soon to be followed by an even greater continuation. Diversification is imperative as we head into the uncharted waters of securities regulations, however, I think it's humble to assume that at least one of the leading crypto DeFi exchange protocols will eventually find it's way into the client portfolios of institutional money managers. Watch for Uniswap (which is already registered security) and Compound, my top 2, as well as Balancer, and as much as I hate to say it HEX. For those of you who don't know Richard Heart's HEX Certificate of Deposit Token, it's definitely something worth checking out. As to the reliability of HEX and it's fixed contract distribution, stability would seem to go hand in hand, yet there have been rumors circulating throughout the duration of HEX's existence on Ethereum that a large portion of the ETH transformed into HEX goes straight to "Origin Address" that some skeptics consider belonging to Richard Heart. Rather it does or doesn't, price always seems to recover and with the influx of new retail investors on the horizon, I wouldn't be surprised one bit if HEX ends up taking off into the $1-$5 per token range within the next 2 or 3 years. MarketWatch has already declared that HEX was the best performing asset of 2020 and that was before BTC was at $33k. All that aside, Richards, "Trump-like" demeanor and occult like following has damnation written all over it. Overall, I'm bullish on everything in the top 100 except XRP. Sorry Ripple, you kinda screwed up.
Bullish Fundamentals When investing in crypto one must see all variables.
Compound has great foundation and chart
A16z founded - same as founders of Coinbase - bank the unbanked - defi - world finance solutions
- has registered with SEC
- has a reverse head and shoulders
- upward channel with lower highs
in my opinion bitcoin dominance has reached ATH and will soon reverse into a altcoin season like 2017 . Defi - and decenteralized applications will thrive in the new services based economy A.C ( after covid ). great hodl for the 4th industrial revolution.
- citizens in third world countries now have 30$ smart phones ( digital wallets )
- internet connections ( starlink ) + plus 5g / bitcoin as a new reserve asset = new world financial system .. which includes peer to peer payments with low transaction cost
( no intermediary ) . decentralized finance. blockchain every network.
national digital ID for voting integrity and trust + digital wallets and tracking transactions = #1 valuable thing ( Privacy )
COMP is a great buyCheckit out, we are at a huge support and I think this is exactly before some awesome movement upwards
Prepare your wallets, it's time!Following the parallel channel, bullish times are upon us. Buy the dip, price is about to get lit.
COMPUSD 1DOBV looks strong.
Support and resistances marked.
Need to see price action at next resistance.
Previous call:
Dumped and retraced to .382 Fib
COMP USD IH&SGood day traders. Possible IH&S on COMP. If this plays out its $600 by Feb. Not trading advice, just my current view. Please leave a like it goes a long way. Cheers.
Price Prediction & Technical Analysis 12/8/20*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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COMP.usd Next Target and Heads Up at $153: possible Wave EndingQuick post to alert of some key levels coming up next.
COMP has been coming back strong, with DeFi in general.
We are now approaching some possible Wave Endpoints.
COMP PERP NO:1 SWING IDEAComp is really nice.
I think i missed myentry for it but dont force my chances.
Any further bth correction is a simple signal for entry tho
I believe these targes will be reached by not the end of january or so on.
stop is on point
Let's see together!
Interested in Comp/USD at this level.I like what I see on this asset at this level, though I wish there was more price history to validate support because it just recently "bottomed", but we all know that could go out the window on a significant fundamental move or maybe even another push higher by BTC.
Reasons:
1.) I like that it is near bottom of value and definitely in the location where I seek out potentially profitable assets.
2.) It was embedded oversold for a few months and now has emerged and even put a double bottom in, if it remains that way after close.
3.) There is clearly a lot of work to be done on the volume profile, but a return to the 50% level would put us above value and at significant return.
4.) There is a cute double bottom working in price action.
5.) Multiple moving average convergence, YES!
What I would like to see improve: COINBASE:COMPUSD
1.) Would like to see green volume impetus
2.) Would like to see OBV turn up and cross moving average.
3.) Wish I had some support from past price action.
I also like relatively low circulating supply.
*This is for entertainment purpose only and should not be construed as financial or trading advice. DYOR.
