COMPUSD trade ideas
Compound 8.4.20Ok i called short on Compound once it dropped on Coinbase bc it was extremely over extended and neeeded a good pullback and accumulation. It looks like this thing is putting in a bottom around 120 and will be turning around over the next few months. Might be a good idea to accumulate all pullbacks as they are getting smaller each time.
COMP - USDAlright first long attempt was a failure shit crashed and what not, but i’ll be adding to my long here with a stop loss at 116! If we get to 163 and don’t reject let it ride to around 200, and in case we do reject hard close your longs, should be easy and remember don’t go all in when longing, ladder orders at different price ranges and let it come to you.
COMPUSD GuessJust a guess. Lower than usual confidence in the exact levels and timing of the movement. I'm already long, but if I see more bullish divergence I will accumulate more. I typically don't like to trade newer coins with less historical data, but I'll give this one a shot. As always, let's see what happens.
just above all time low, so may be time to rise!!check the pattern is reversing , make your own conclusions ,just an idea
COMP May Be Ready to PUMP4H COMP - Perpetual Futures FTX - COMP has broken out of the descending resistance and has retested it all while forming a low, a lower low and as it retested the descending resistance it has made a higher low - I'm long at 159.25 with a SL at 156 & TP at 176.25 - Without leverage risk is 2.04% & Reward is 10.68%
COMP falling wedge breakout!Looks like COMP is finally breaking out of it’s falling wedge. It’s been a long and painful downtrend, but this could be the change in tide we’ve been waiting for!
Possible trend reversal coming up for Compound?COMP, currently in a downtrend, is in an overall falling wedge pattern, which is bullish. Also, several of the most recent candles show inverted hammer patterns, which suggests we could be seeing a trend reversal soon. There has been a long downtrend lately, but things could soon take a turn upwards. Going to be watching for other signs as well.
COMP/USD Possible breakout!I´ve made this chart a week ago and so far it is staying in these ranges, in the next couple of hours, we should have a breakout to either side.
Comp incoming pump?Comp might have bottomed in the $150 region, time will tell DYOR and use stop loss.
RSI is where we needed with tis last sell offInteresting to see if finally COMP will follow most other coins in pumping, plenty of room to move and indicators looking bullish. no point in selling now
First significant higher low?This may be a good chance to in on a significant higher low potentially putting our self in a good position if this does decide to moon as we are currently in a wedge with bullish divergence along the golden pocket and also possible putting ourselves in the start of wave 3 if it breaks through 220 and 270
Looking For MORE ConsolidationCompound is a great project, we all know that. Perhaps we can agree that it needs to bottom out before we consider investing (if you missed the first move up).
See chart for my interpretation of the price. Downward channel, currently using the inner channel as support. If we break out of the larger one I might start to look at investing. If it bottoms out somewhere, I might also move some funds in.
Thanks!
adjusting my bullish triangle, run soon!MAs looking to cross for another run up, rsi and kst primed for uptrends!
Going downDefinitely in a downtrend. Resistance at $170-$162. If we go past that, we will retest bottom.
My Bullish Scenario for COMP/USD 4h chart.COMP just broke the trendline in the descending channel and if the support holds I expect it to go up.
Disclaimer: This is not a financial advice. I'm fairly new to trading and I'm just publishing my ideas for learning purposes. I'm open to any form of criticism.
