COMPUSD trade ideas
COMP/USD - how far do we go down?possible relief bounce at ~$360 area before a major move down to the $256-$243. would expect a nice rally after we test this area
not trading advice
tg
COMPOUND: More UpsideHello Traders,
Compound recently made a new all time high breaking into the $300. Currently, I am waiting for Comp to retest the previous all time high and continue higher to complete its 1:1 measure move to $460. The lending protocols have been gaining a lot of attention as people are looking for more yield. AAVE, Celsius, and a few other have made a lot of gains over the past few weeks. It is about to be Compound turn to catch up to the rest of the lending protocols.
Let me know your thoughts.
COMP : Would like a handle just like ADA, ATOM, ALGO...I think BTC will go down to 25k starting somewhere tomorrow until early/mid feb.
After that, i believe many many more institutions will join the crypto adventure , but first they want to get the price to 22-25k ofcourse.
So while BTC is slowly going to 25k , COMP in this example will form the handle, so starting from tomorrow that is. IF btc indeed starts to rise again after 25k , let's say end feb/early march, it will take the alts with him thus letting coins like COMP, ALGO, ADA, ATOM, ... complete their handle and possibly start to moon.
In case of COMP, if the pattern would complete itself, it could also be seen as an inverted H&S (if you include price action starting at 12 aug 2020) , giving the same end result.
Target in chart. ( so we are short in short term to form the handle , but we are long in mid term after handle formation.
I'm excited to see if i can get confirmation on all of this...
Not financial advice !
Goodnight for now !
new higher low, then to the races notice comp and other true defi projects are unaffected in stand out in gains. check out the fundamentals DYOR
COMP dca entry strategy COMP has strong fundamentals with a low circulating supply.
I will be looking at securing a long position in the coming weeks if it meets my price targets, due to the recent rise I will wait on correction concerning risk management. Strategy posted above.
Comp next 3 resistance lines to breakSelf Explanatory just like MKR it is likely going to run to its trendlines. Unlike maker its trendlines aren't as lucrative of a target but still good none the less.
Not the best looking cup, But it works as long as it plays out~~ Potential Cup and Handle and Sign Wave targets confluencing on similar price target.
The market sentiment needs to hold bullish for this to play out, as this might take some time to reach the target price.
Pulse of an Asset via Fibonacci: COMP Impulse Redux: Chapter 3 ?"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
This is a particularly interesting example of this phenomenon.
Most returns to the Core end in Rejection, or break and run.
Very rarely does an asset return twice, let alone THRICE.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
WOW ! take a look at the recovery of COMP during Bitcoin SEll off .
Hence dont sell bitcoin Borrow against it stupid.
COMPUSD D3: BEST Level to BUY/HOLD 100% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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-15+ years experience in markets
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-Supply/Demand Zones
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-Key S/R levels
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COMPUSD D3: BEST Level to BUY/HOLD 100% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: COMPUSD dailychart review
::: chart looks good /strong
::: V-shape recovery off the lows
::: strong overhead resistance
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +100% gains later
::: pullback into golden pocket zone soon
::: 20-30% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +100% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
Comp potential is thereOne of the few Alts that pumped today. Failed to breakout today from the rising channel. Bearish div on the RSI points to a pullback. If it can bounce of the midline of the channel it will form an inverse HnS. Breakout target is 288, resistances at 272.
COMP/USD (Coinbase) Are we there yet???Compound’s decline is having a hard time making it past the $195 price point. This may be the entry point, though I would like to see it provide us with a little longer path to profit.
Compound expected to fallIt’s still gonna fall to close that gap between both yellow lines...then we can expect massive pump
Compound retraces then expected to shoot upwards A very simple chart, no complications....straight forward as shown!. Use stop losses if it breaks support, nonetheless, bullish overall
