COMPUSDT Break out trend line!/Trading StrategyBYBIT:COMPUSDT
Notice in chart---Red: rise; Green: fall
1H trend chart
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Price took out the long-term downtrend line, we consider it as a reversal signal.
Additionally, price stood firm on Fib(0.618)level which is 338.4
With both conditions, trading strategy as below.
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Profit Targets:
a) 374.75----Fib(1)
b) 400.65~411.10----Fib(1.272~1.382)
c) 433.60-----Fib(1.618)
Stop losses:
a) 317.7----Green horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!
COMPUST trade ideas
Q4 is here! Lets trade some ALTs! Here's a quick Look at COMP 8 hr chart. As we can see, the price has been forming a bigger falling wedge and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 359$
2. 427$
3. 452$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
🆓Compound (COMP) Sep-28 #COMP $COMPThe selling force on COMP is dominated so in next days, it could fall down sharply to 260$ from this 340$ zone. The 260$ zone is quite reliable to start a new rally up to 340$, 420$ and 520$ zone or even higher in October.
📈RED PLAN
♻️Condition : If 1-Day NOT closes ABOVE 2.2$ zone
🔴Sell : 340$
🔴Buy : 260$
🔴Sell : 340$ - 420$ - 520$
📉BLUE PLAN
♻️Condition : If 1-Day closes ABOVE 2.2$ zone
🔵Buy : 340$
🔵Sell : 420$ - 520$
❓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
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
COMPUsdt UpdateAfter this last fall, now is a good opportunity for those who have been left out of this year's Bullmarket to enter the second part and overcome a good barrier. After the dominance goes up and Bitcoin starts the main move, which will probably be next week, it will start little by little.
GL
EntryPoint:
330.3
315.7
Supports:
289.4
249.6
Resistance;
348.2
368.0
Targets:
436.4
496.1
660.6
879.0
For Mid time:
1321.8
For HODL:
2220.0
GL
Rememebr after this fall bTC Fast come back on 3 day can x2or x3 back up
Dont miss market
COMP/USDT Inverse H&S COMP/USDT has shown volatile movement during April.
The chart pattern can be thought as ascending wedge which is a bearish pattern,
but I bet this is inverse head and shoulder pattern, which is a bullish pattern.
1) The price is above the resistance line, and the price is staying above the line.
2) Whenever the price touched neckline, (red dotted line) There was volume increase,
which confirms that the resistance line is very important in the pattern.
3) MACD (4h) made golden cross, which means that it will be bullish in short term,
and also means that the price is staying at the stable price.
4) There is one more "shoulder" part, which was shown in 27 Apr '21. It is extended shoulder part
because of BTC crash in 27 Apr '21. It could not complete the pattern in 27 Apr '21.
5) Stoch RSI is also showing that the price can still go up further, which also confirms that the movement is still bullish.
Therefore I think COMP/USDT will go further.
Target point is shown in the chart, in green numbers(Fibo levels)
Trade at your own risk.
XOXO.
Checking the weekly watchlistWe saw a very good move of COMP/USDT in this days
The price reacted well from the support area as expected and is moving towards the previous resistance range
According to the chart, 20% growth since our announcement for this week's watch list
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COMPUSDT is testing the 0.382 Fibonacci level 🦐COMPUSDT is testing the 0.382 Fibonacci level 🦐 as resistance. IF the price is going to have a breakout form the support,
According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
COMP to $720?Compound seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 720 and even higher.
ENTRY: triangle high @ 532
SL: local low @ 474
TARGET: height of the triangle projected from midpoint of the local range @ 720
RRR: 3.3
INVALIDATION: when SL level hit
Please like👍, comment🗣️, follow me✒️, enjoy📺!
Check also the previous COMP trade down below (also triangle breakout).
comp will breakout now !!!mostly all hour chart is just perfect but 1 day chart is superperfect . support and resistance are based on 1 day chart . if it break out next
target are 635 / 712
support 404 / 346
if it breakout then 521 zone will be a strong support .
a green line will act as support if it didnt breakout and pull backward .
2 posible breakout .
1 ) blue color line
2 ) green color line
fully focused on 1D candle . you can see some downtread in 4h or 1 h . but we are looking for big
Compound COMPUSDT - Ascending triangle + very bullish setup!- Compound - COMP Rank #55 Token on coiinmarketcap.
- On the chart we can spot an ascending triangle, which is a very bullish pattern.
- Profit target is below ALL TIME HIGH + Ascending triangle target
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
COMPUSDT is creating an inverse head and shouldersCOMPUSDT is creating an inverse head and shoulders
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.