COMPUSDTHello Trader,
Short comp right now as we can see that COMP had made a double top and it is below the 200ma so we can expect a bearish trend from here short it.
COMPUST trade ideas
COMPUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and lower
Targets: 84 - 90 - 95
after first target reached move ur stop to breakeven
Stop: ~59 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Compound COMP price rose from the dead)The Compound project was fundamentally quite strong when it was sold / presented to crypto market participants)
However, over the 2 years of being in a downward trend, the price of t he COMP token has fallen 39 times from a high of $910 to a low of $23.
And now, in the last two weeks, a miracle has happened, the price of CompUSDT has come to life and is showing steady growth. Moreover, it is catching up with the crypto market, which started growing much earlier.
Currently, looking at the chart, we do not believe that the CompUSD price will break through and consolidate above the strong resistance zone above $55-65 at the first attempt.
Unless you have an insight as to why the COMP price should grow non-stop right now, then please share it in the comments)
In all other cases, we consider it safe to buy COMPUSDT only when the price is firmly established above $65
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Compound Short Setup COMPUSDT.PCOMPUSDT.P Long term short position open.
Small leverage
Stop = 75.60
TP = 65-58-55
comp sellBINANCE:COMPUSDT is are giving us good profit in sell position risk reward ratio is perfect, lets take it.
COMP: Pullback in UptrendCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption and hit a high of $87 where some trader began taking profits. Priced pulled back to the nearest support of $60, which also lines up with Fibonacci levels of $62 (38%) and bounced right off of that. Upside potential to $90 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, which it broke, then $93.
COMPUSDT LONG SETUPCOMP is trading above the previous bearish trend line and reclaimed it successfully and there is a bullish continuation pattern of higher highs and higher lows and there is bullish hammer formed on the chart. all signs are bullish for now
This is not a financial advise do your own research before getting into the market
COMP: be carefulDisclaimer
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COMP: Pullback in UptrendCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption and hit a high of $87. Now we’re likely to see some profit taking selling pressures, which could offer an attractive swing entry in uptrend. Where will this pullback find support and stabilize? Nearest support is at $60, which also lines up with Fibonacci levels of $62 (38%).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, then $93.
Compusdt.P Technical analysis BINANCE:COMPUSDT.P Re Enter this position. Use Dca Strategy or Martingale Strategy . Use low margin And Our Take profit Taargets: 75 / 67/60 and Our Stop loss or Dca price : 86$
If Stop loss will filled i will update our Position soon
COMP/USDT Time For A Turnover! Hey traders 👋
COMP/USDT pair is next on our watchlist with a good potential for a turnover here. COMP had a massive bullish run which resulted in more than 220% of price movement without any major corrections.
P.S. Remember that weekends are not the best times for trading so do keep your risk management in order!
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Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
COMP/USDT (LONG NOWWW)Previously i posted my analysis of COMP when it was at 50$ range and clearly indicated the upcoming gains and also the important zones that will be followed.The price action followed our analysis and ranges 100% accurately.It went to the resistance zone of 86$ and now retested to the zone of support 68$.
Now, its time to retest the 86$ resistance again.As indicated in the chart a double bottom is created at the support area of 68$ which is indicating the uocoming retest.So it will be wiser to have a LONG position now.
#COMP/USDT
Entry: 68.5-72
Take profit: 81-86
Stop loss: 63.88
STAY PATIENT
STAY SAFE
COMP is still bullishHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the COMP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Brief Analysis ——COMPAs a representative of liquidity, lending protocols are important to Defi. Based on the outstanding performance of COMP last week, we have a brief analysis of the tokens for three major lending platforms today. They are AAVE,COMP and MKR.
Since the second half of last year, the price of COMP has remained below 70, and has broken through 70 after the rising last week. Relative to AAVE, the gap between bulls and bears is wider for COMP. Since late June, the volatility of COMP has risen, long green candles have appeared, and the rise is continuous. While bearish power is visible, the red candles are short and not steep in slope. The bulls took control. On a large scale, it turned bullish.
Conclusion: Mostly fluctuation. There was a more obvious pin-bar last Friday. Bears gain strength. The gap between bears and bulls narrowed. So we come to this conclusion. We set resistance level at 85 and support level at 54.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Compound Token (COMP) Analysis 08/03/2021we had our previous Publications TP Achieved
currently we can see a Bullish Hidden Divergence of price with MACD, which is the sign of trend continuation,
using Fibonacci Projection for the Target Specifications.
1TP is the parallels leg of Fibonacci projection and easy to achieve by nest impulse wave after the current retracement.
if 2TP triggered with the first rally then we may have a price correction and our 3 TP is confirmed.
Comp monthlyIn monthly chart.... Comp is in corrective wave..... Wave A complete now wave B has began.... It can go to 140 in FIB 0.5 or 220 in FIB 0.618......
COMPNYSE:COMP will likely dip 55%
1. RSI Bearish Divergence
2. RSI trendline break to the downside
3. Volume Divergence
4. Overbought on Bollinger bands
5. Potential Shark Pattern
Compusdt.P Technical analysis Big short, Bloodbath comingBINANCE:COMPUSDT.P Big short coming in daily timeframe strong resistance zone,
Please make sure your risk managment, and don't open high deposit
Comp Still Strong Compusdt
I am expecting price to bounce again from here
I believe this symmetrical pattern breakout & successful retest is going to push comp price for short term
Let's see
Dyor
Compound 50 ma crossThe 50 ma is about to crossthe200 on the daily the 20 crossed the other week and that gained 🐂 ish momentum we are at 14 month highs and the resistance next is the 95$ area a solid 20percent
COMP: Resistance BreakoutCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption, with upside potential to $93 resistance.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, which it broke, then $93.
COMPUSDT time to shortThe current status of the BINANCE:COMPUSDT is as follows:
The BINANCE:COMPUSDT has experienced a great rally and has moved directly towards one of the historical resistances at $75.
However, we are seeing divergence in the rsi indicator in both the daily and 4-hour timeframes, which indicates a weakening trend and also a good opportunity for those who had long positions to exit.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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