The_Crypto_Samurai

MY NOT SO MINIMALIST ANALYSIS FOR COMPOUND

Long
COINBASE:COMPUSD   Compound
$COMP (INDICATORS INCLUDED)
11.02.21
1243H +8 SINGAPORE


ALERT: ABOUT TO COIL UP - ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE

THIS IS AN AREA OF OPPORTUNITY: A ZONE FOR AN ENTRY.
Accumulation looks healthy. I think it will not break resistance yet until we see volume increase further. COILING towards STRONG SUPPORT and then BOOM!
You may enter now, It can make a sharp small dip DO NOT FUD.

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!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE

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.

TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. 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 if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)

At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.

Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS (ABC), Price Action, FIB LEVELS, Market Dynamics, and especially trading psychology.

Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors!


Note:
Master your Trading Discipline
, Trader's Psychology and Institutional Psychology

Vive Le Austist!
Comment:
Fib Levels are almost to the MAX, the only way now is UP. We have come to a level where a lot of FUD took place and the market is full of supply. It is an opportunity to enter a bargain price that is almost 100% down from ATH.

If you as a community believe in this project, I do think this is the best time to FOMO into it. If it breaks support then the only way is to look at the next resistance turned support. I choose the middle of a minor box @ 140.

Please DYOR your daily because this is on a WEEKLY.
Disclaimer

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