COMPOUND LONGPossible one more sweep per low, I took a spot position. I am waiting for the withdrawal of the upper liquidity at least.
SMINEM BLESS US
COMPUSDT trade ideas
COMP - Could Be Fireworks SoonCOMP is another one that has been showing a lot of compression relative to BTC.
Similar to HOT it has been in what appears to be a long and tight accumulation with BTC rallying hard.
Recently curling up -it looks close to breaking out with RSI showing hidden / bullish divergence and now rising above the middle band.
MACD also slowly rising to 0 also indicates breakout may be coming.
BUT
Similar to previous 2 longs covered, I dont like this setup with BTC so high and looking bearish.
If you followed my September alt breakout longs, BTC collapse crushed breakout moves which then for some became a fakeout, others continued on up but impetus was damaged.
So even with a breakout here I'm not really interested unless BTC is on an oversold bounce.
With a tight accumulation like this, COMP could very well breakout and a BTC collapse bring it back to the accumulation range. If that happens and BTC is oversold, then all good and COMP may be ready to rock.
But if COMP gets pushed down below this accumulation range then it can become heavy resistance. And that would be baaaad for the moon mission.
As with the others if I miss it I miss it, but really I don't lose anything staying in cash.
If there is a real breakout TP:
1st target around $750 for a 1:1 ABC
2nd target $1400-$1650 range as per fib projection / extension on chart - C wave extension.
Be aware that I'm bearish BTC mid-long term.
Patience pays well.
Not advice.
COMP / USDTpositive point
1- break out the downtrend and test it.
2- increase volume at this price.
3- bearish bat pattern.
so you can enter the buy zone and set setup.
SL = 270
coinmarketcap.com
COMP/USDWith the release of CBDC in 2022 from central banks, protocols such as COMP will be used even more.
Comp ! We like!Looking at the previous charts, you will find that we prefer comp!
Because we think comp will have a healthy form!
buy zone:290~300
SL:285
Target1:310
Target2:315
Target3:320
Potential long swing on COMPEven a brief look at the chart shows that this range, just under $300 is long-standing support. I believe COMP will again be accumulated here and distributed in $350 to $375 range.
Long term play for COMPUSDTCOMPUSDT 1D TF entered into accumulation since Jun'2021.
When price hit below $280, there is obvious buying pressure coming in.
Accumulation is still ongoing but its almost complete, I do believe there is another retest of $230 range.
Play only for those willing to hold at least 3 months and above.
No SL, non swing trade.
Entry price: $200 to $250
Target: $490 (mid term); $800 (long term)
Defi reversalDefi tokens died since NFT hype started. Almost all of them are decreasing. COMP has strong potantial to change this downtrend if it can breakout upward from the channel. Blue line is the strongest support line within near area.
Binance: Comp buy / long H4Binance: Comp buy / long H4
Entry: 276
SL: h4 close below 208
TP: 515 - 518
COMPOUND USDT LONG POSITIONCompound usdt potential reversal @ around 268 which is .768 fib level above the support.
I am just a middle class girl from the Philippines.
3years from trading crypto and forex but not a huge player.
Because of my illness i got tired of doing chart.
For my medication, If you are willing to donate I would be very grateful.
usdt trc20 address:
TTxv2MzmzKBETYPd2rdUkJdJAVjsrD9YBu
comp (compound) price analysisthis is what I expect from compundusdt analysis.
this is what I expect from compundusdt analysis.
this is what I expect from compundusdt analysis.
Do you like Champagne?Short story.
Do you like Champagne? I do.. usually under pressure.. but when you remove the cork.. puff
Bottom's in.
Comp is deepHi guys, Again comp is deep u can always buy this coin around 290 buy I don't suggest u to keep it for long times because usdt Dominance is deep and it could go up any time and force the hole market to drop fast, I think if it happens BTC price will drop to 38000 so if u bought something always save your profit, u can sell comp around 310, good luck 🤞
🆓Compound (COMP) Nov-22 #COMP $COMP
COMP has an important support at $280, it can still fall to $240 but we can already start accumulating COMP targets at $360, $440 and $520 in the near term.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 280$ zone
🔴Buy : 280
🔴Sell : 360 - 440 - 520
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 280$ zone
🔵Sell : 280
🔵Buy : 240
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Compund Update 4HA falling wedge pattern has been formed as you can see and static support is very close as you can see, a very good price if you want to enter for one step.
A remarkable place to return for COMPUSDTThe chart is on 1D Timeframe
We have a really major Support zone where price mostly react to. Simultaneous hits the long term ascending trendline & shaping a beautiful pullback to broken descending trendline.
As you see everything is ready to reverse, If we don't see BTC to fall anymore
you can use lower TF to enter the position or wait to see how BTC will close at the end of the day , It's up to you
the target would be at resistance zone around 520-530
Do not forget money management
hope you have a profitable trades
compound's potential targetscompound wide channel in daily : dynamic resistance line was broken and retest, also price is testing longtime support line , potential profit in long position:
Entry : 296
SL: 198
TP 1 : 400
TP 2 : 500
TP 3 : 600
COMP - Could Break Out SoonPreviously COMP broke out from this long contracting triangle that appears to be accumulation, but as BTC collapsed COMP also collapsed back to the potential accumulative area.
That "Cause" (Wyckoff) should have built up pressure which without a real breakout - the "Effect" has not yet been realised.
But now BTC is low relative to its trading range and if it drifts back up then good chance COMP breaks out here and it could be an explosive Effect after such a long sideways passage.
Also RSI showing hidden bullish divergence on the 4H RSI.
Target is a 1:1 ABC @$614
SL - $303 below recent low = 19R.
SL - $293 below wick = 10R.
Not advice.
COMPUSDT , ITS TIME TO BUY NOWWWWWHello everybody
According to our last analysis the Buy zone activated and now we should buy and wait until the target reach
We are moving between two sensitive zone and now the pulse of upward signal in multi time frame accepted and now we are ready to go and jump
Be careful guys
You should check the chart with your own strategy and check it in multi time frame
Previous analysis :
Good Luck
Abtin
