COMPUSD trade ideas
COMP - must break the resistanceCOMP - must break the resistance and after if make a pullback it s more better
COMP Could Blow Upwards - Trendline BreakoutCOMP is at the trendline which is on a 4 hour timeframe and it looks to be trying to break it. If it does it could possible go upwards, maybe fast or maybe in a couple days. Unless bitcoin causes everything to crash again.
Please note this is not financial advice.
Compound probably printing a nice rounded bottomComparing to the BTC pair Compound seems to be a sleeping monster. Everytime COMPBTC was at these lows it made massive gains on the USD-pair in the upcoming rally.
OI is constantly rising as we bottom out, which is a good sign. First confirmation would be a touch or break of 380$, target could be 700$ or higher depending on Bitcoins strength.
i.imgur.com
Stay safe.
COMPCOMP looks ready to explode. Bouncing of a strong support level & MA's crossing. It looks like a good entry point.
Compound. HTF channel bottom. NFA. DYORAfternoon, with bitcoin trending north it has given time for people to accumulate alts before they follow later on in Q4 when BTC takes a breather from taking out shorts.
Nice and simple chart here looking at the HTF. Compound is sitting nicely at the bottom of its channel which has been the launchpad for its runs in the pass. Has a nice support and resistance flip which is only invalidated if we lose 280, close below and then reject on the higher time frames, which I cant see happening personally but hey ho.
Pending fisher cross on the 3D below -2 has only happened 3 times, and when it does, they are explosive.
CMF holding above the zero line which indicates strength in the market.
This appears to be a good place to build a position if have not done so already or place buy orders on support at 281.
Initial targets are the 0.5 fib channel which was rejected at the rally at the start of July, will reassess position forthwith. If the .5 if flipped to support then we target the top of channel.
In no way Financial advice and always do your own research.
COMPUSD - Double three combination correction 09/10/21Downwards breakout price target for ascending triangle was hit. We are now potentially breaking out of this local wedge formation.
The price could be taking the form of a double three combination correction, which consists of two ABC waves (W & X) followed by a final complex correction wave (Y). If this becomes local bottom, it may confirm larger correction wave 2, and also the initial impulse wave 1 from mid-June to late-July. We may be beginning the wave 3 up after June bottom.
Alongside this wave schematic, we have have several technicals to look at:
Volume has increased significantly at this local bottom.
RSI bullish divergence occurred between the C-E wave, signalling potential slowing of downtrend.
BBWP is approaching lows. We can expect price to move somewhat sideways in the coming days with volatility dropping, and should look for BBWP to increase (and break above the white median) while price steadily moves up.
Price target for a confirmed, perfect breakout for this local wedge would be ~25.43% ($390)
This is not financial advice, and always DYOR.
Comp Monster trade. Symmetrical triangle . Nice rpunding bottom resiatnce of falling Chanel 324$ break 325 and hold support. Could see a beast move. !! I’m in 308$ let’s gooo. I’ll be adding more if we can break and confirm
MY MINIMALIST ANALYSIS FOR COMPOUND $COMP
10.26.21
0537H +8 SINGAPORE
ALERT: ENTRIES,PARTIAL EXITS, EXITS and MAXIMIZED AREAS OF VALUE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur, while the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and even if you wish to hold longer for a CONSERVATIVE MAXIMUM TARGET AREA OF VALUE (Depending on, if the conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, and especially your Fibs, Market Dynamics, and trading psychology.
The above-mentioned is sufficient enough as a major deciding factor for this MINIMALIST CHART.
Note: That This CHART is best used without indicators. (As we all know, they lag.)
Compound Potential Long 215-260Even though BTC and others are bullish...COMP suffured an exploit and will most likley do some slow bleed out before it starts regaining stronger ground.
Long at 260 - 215....
If 215 get broken we could see some serious issue with comp at the final alt season run. This could also impact other DEFI token that have direct connections with compound as well.
COMP PREPARE FOR BREAKOUTComp forming falling wedge and hit the support area. prepare for downtrend breakout
COMPUSD Breakout from descending triangleLooks like it's breaking out, might want to wait for a retest first but the measured move is pretty nice.
I'm pretty noob so I might be completely wrong dyor.
Comp Triple bottom1.) Triple Bottom (bull)
2.) Long term Trend line intact (bull)
3.) watch for short term trendline to break (bull)
Bearish case if price falls below triple bottom
COMP Gartley PCZ with level support reached. Decent entry point for COMP at low risk areas. Targets based on conservative fib points.
COMPUSD - Falling wedgeIn my analysis it seems there is a second falling wedge, from where COMP kan breakout to reverse the down-trend. Perhaps it will go sideways for a couple of hours/days before it the breakout will happen
comp buy time EVERyone buy in dip then make more profit
and buy when everyone selling
and don't buy then everyone buying
COMP - Time to pay attention!Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
Facts:
1. Small Market Cap Gem in DEFI! Market Cap is only $1.8 Billion!
2. One of the few cryptos that are down on the weekly timeframe, while the rest of the market is up! Buy the fear!
3. Stochastic RSI - When we have a Stochastic RSI cross, we 2x-10x in price! We may cross again soon!
4. RSI - hasn't been this oversold since January 2021! Time to pay attention!
5. Located on all the big exchanges! (Coinbase, Binance, etc)!
Buy Target: $268 (Corresponds to the 0.786) *May wick down before skyrocketing!*
Sell Target:
Target 1: $1547 (Corresponds to the 1.618)
Target 2: $2382 (Corresponds to the 2.618)
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
COMPOUND COMPUSDT Inverted H&SHello Traders,
this is my view for BINANCE:COMPUSDT .
BYBIT:COMPUSDT broke up the 4h POC and closed above. Now we are trading at 338 usd targeting 415 - 448 - 578.
Seems to be forming and inverted head and shoulders.
Compound USD predictionAnother Compound chart showing potential path of moving average and price action over the next couple of weeks.
Just a prediction; Nothing to base your trades or finances upon only an idea.
COMPOUND price predictionEstimation of Compound /USD price action over the next month or two. 200 Moving average beginning to curl upward. Barring any bad news events in traditional markets prices should continue to rise over the next month in most cryptos.
I am starting to form a new position on altcoins COMPUSDT I am starting to form a new position on altcoins / COMPUSDT The fundamental coin is one of the leaders in the DEFI industry. Bought in the OTE buy zone (Optimal buy zone) This is a price correction to the 0.38-0.5 Fibonacci levels from the initial recovery impulse on June 26 - July 6. I bought only 20% of the entry, so that it could be averaged if the price falls into the 267-226 zone
COMP Inflection zone break.Testing the top of the range here as support with a bullish engulfing candle here on the 1HR and bullish divergence on the MACD
