COMPUSD trade ideas
Crazy COMPOUND potential !COMP show interesting signs after retrace Wave 1 to 0.618 FIB. Same for COMPBTC pair.
Potential looks crazy even considering first Wave 3 target at 1.618 (based on Elliot waves analysis). DeFi hype could help.
We do not have a lot of datas for the moment so we have to follow. Let's see
See u
$COMP - Next minimum target $350Considering the entire move up to as Wave (1) of a new cycle ad now we saw a drop to 0.618Fib for wave (2) correction Also bullish divergence on RSI
Invalidation: $120 (Below wave 1 start)
Confirmation:> $260
T1: $360 (in case ABC)
T2: $420
T3: $580++ (Min target for wave (3))
All the best!
COMP/USD ideabullish signals :
-> On the 4 hours chart the signal tested the EMA200 which seems to act like a support for now
-> the MACD seems ready for a green cycle
-> RSI is close to an oversold state
I would expect a re-test around 200 which will probably act like a psychological resistance in a first time.
COMPUSD guess againLike last time, my confidence is lower than usual on the timing, but I'm more confident on the levels here. There's a lot of divergence on shorter timeframes, so it either needs to rocket above $300 very quickly and continue the parabolic ascent to break the divergences, or relax a bit over the next few days. I wouldn't necessarily short these levels, but I'm just waiting for a pullback.
Compound token breaking out again?
Bullish moving averages
Wedge breakout
What happens when people find out that crypto earns you dividends?
What happens when people find out that staking DeFi earns you 10X the interest than a bank?
Of course there's a risk, but wouldn't they want to try it out with at least 10% of their capital?
Stop loss(M) : $183
gonna add to a position stop under the parabola line
looks a little risky but bigger time frames are looking good so far , there are sign that it might break the line if it dose i would have my stop triggers and move on and see where it takes me this coin is so new there no real info on it (price)
COMP/USD (Short Term Uptrend?)COMP/USD
-With the help of Cross Ultimate indicator, we manage to find the good entry position
-The perfect entry was the breakout of local resistance at $141
-Also, the Cross Ultimate indicator gave us a strong bias of reversal signal
-The price started increasing and hits all our Take Profit targets
-I do not recommend to enter at current market price
-Please wait for the pullback at potential support located around $211
Entry point...Might bounce off 240, but I'm thinking it'll test back down around 190. Decent support, good entry level.
COMP/USD In A bullish Phase Despite Rejection From $247 Monthly
Compound price rose to highs close to $250 but retreated to confirm the 61.8% Fibo support.
COMP/USD bullish scenario remains intact in spite of the drop from $247 as observed with the RSI.
Compound roared to highs above $240 towards the end of the American session on Tuesday. The Asian session on Wednesday has been characterized by increased seller dominance to the extent a reversal occurred with declines making it under $220. On the positive side, support seems to have been established above the 61.8% Fibonacci retracement level of the last drop from $247.18 to a lower price level at $152.68.
A bullish reversal is underway at the time of writing with COMP/USD exchanging hands at $225. As more and more buyers to join the market, Compound is set to continue roaring upwards. However, the magnitude of the bullish leg is not known as of now.
Looking at the token from a technical angle, we can tell that it is indeed in a bullish phase. In other words, the influence buyers have over the price is likely to stick in the market a while longer.
The Relative Strength Index (RSI) is drawing closer to the oversold (70). This follows a retreat from the overbought to the level at 66.94. As it re-enters the region, buying entries are likely to increase. This way, the volume will grow and the only way for Compound would be upwards.
The bullish grip is also emphasized by the gap the 50 SMA is making above the longer-term 100 SMA in the 15-minutes timeframe. In addition, the Moving Average Convergence Divergence (MACD) is holding ground within the positive region (precisely at 11.57. It also features a minor bullish divergence of 0.13 to further highlight the bullish picture. For now, support at $220 would be key to gains above $230 and even $240.
Compound Intraday Levels
Spot rate: $225
Relative change: 31.28
Relative change: 15.90%
Trend: Bullish bias
Volatility: Expanding
