#COMP The price is moving in a sideways channel on the 4-hour frame and we have a green support area at the 76 level We have a higher stability moving average of 100 Now we have a nice breakout coming up Our RSI indicator has a well reliable upward trend Entry price is 90.00 The first goal is 99.30 The second goal is 107.27 The third goal is 118.37
Here is the trading range for COMP. This looks like accumulations to me. The arrow is the spring and the purple box is where the SOS should be. Price looks to be breaking out with upside target of 66 dollars in the short term.
Compound has been sideways and consolidating under 77.50 for a staggering 94 weekly bars(candles) which is equivalent to 651 days. COMP has wicked above 77.50 on the weekly time frame a few times but its been short lived. No weekly candle has closed above 77.50 in 651 days but our current weekly candle can potentially achieve it in 5 days. If Compound starts to...
OBV is flat at the moment and hitting resistance. If it can brak this, we can see movement towards 57-59. 59.5 is the next good resistance co-inciding with .618 Fib Looks like a consolidating zone between 53-56
Hi Traders COMPUSD (1H Timeframe) The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 51.85 support level. Only the upward break of 53.50 would cancel the bearish scenario. Trade details Entry: 51.85 Stop loss: 53.50 Take profit 1: 50.83 Take profit 2: 49.18 Score: 8 Strategy: Bearish breakout
Hi Traders COMPUSD (4H Timeframe) Waiting for the downward break of 52.93 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 60.00 would cancel the bearish scenario. Trade details Entry: 52.93 Stop loss: 60.00 Take profit 1: 48.57 Take profit 2: 41.61 Score: 7 Strategy: Bearish reversal
COMP currently showcases a triangle pattern in its daily chart, indicating a potential for volatility change. The price action within the triangle suggests an upcoming bullish cycle, possibly leading to a breakout. A successful breakout from this pattern could propel COMP's price to approximately $75. Despite market fluctuations, COMP’s price movement has been...
Compound alt-coin looking in great shape going into 2024.
Sometimes a chart itself shows us the right path and tells us to buy and be patient, but how much we trust it is the task of a trader. I show what I have done and I always weigh my tolerable loss before considering possible profit. It is a good option with respect to capital management.
currently in wave 2, next is wave 3 of 3 ultimate target is new ATH nfa y axis only
Not financial advice. Please like comment and follow Simple pattern recognition Play the swings Up to 53-61.75 then down to 18.00-22.00? If history repeats itself this would be the play.....
Hi Traders COMPUSD (1H Timeframe) Waiting for the upward break of 40.95 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 38.99 would cancel the bullish scenario. Trade details Entry: 40.95 Stop loss: 38.99 Take profit 1: 42.17 Take profit 2: 44.16 Score: 5 Strategy: Bullish reversal
Hi Traders COMPUSD (1H Timeframe) The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 42.510 support level. Only the upward break of 45.550 would cancel the bearish scenario. Trade details Entry: 42.510 Stop loss: 45.550 Take profit 1: 40.640 Take profit 2: 37.600 Score: 6 Strategy: Bearish breakout
Got stopped out of my last position in COMP due to a trailing stop. Not mad tho. Ended up with 21% profit in the pockets. I hate to be out of this trade esp. since the MM's have been moving everything up during off hours. This bull flag here looks primed and prepped. Additionally, we have a hammer candle on the daily. Entry was 43.73. I'll target 58. SL will be 39...
This could be a bull flag and we could see a retrace up to around $64 before a retrace. Keep an eye out and well see how this thing plays out. Long term hold overall on COMP/USD. This coin has a lot of potential to go a lot higher than $100 from its low point which we were at this past week with the rest of the market. good scalp profit at $64 but over the long...
COMPUSD is consolidating under the MA50 (1w) since mid August with the RSI neutral/ borderline bearish. There is a Rising Support on the RSI (1w), which is filled before every rally. The Support Zone has priced all 3 of those RSI bottoms. Trading Plan: 1. Buy the next pull back on the Support Zone. Targets: 1. 130.000 (Rising Resistance as well as slightly under...
Trading idea number C-006 | Compound could raise to 43/45 USD area. The RSI is below 50. The MACD is above its signal line and is negative, price is below its 20- and 50-period moving averages. In addition, the pair is trading below its lower Bollinger band. All this shows a state of strong oversoldness following yesterday's price collapse that brought prices...
Traders, Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules. Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual...