Compound (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...
COMPUSD has been a very profitable crypto for us lately (last idea at the bottom) and as it crossed above the 1 year Channel Down invalidating it, the 1W timeframe turned bullish (RSI = 65.140, MACD = 5.050, ADX = 32.042). If the 1W candle closes green on this bullish pinbar, we will buy again and target the 1W MA100 (TP = 100). The upside potential is...
Compound (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...
we 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...
Compound (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...
Technical Analysis of COMP/USDT: Bullish Momentum with Potential Retracement In this technical analysis of COMP/USDT, we will explore the current price action and trends of Compound (COMP) against Tether (USDT). Overview: COMP is currently trading at $66, representing a significant increase of 200% within a span of four weeks. The recent breakout confirmed on...
Compound (COMPUSD) is rebounding after the initial rejection on the 71.500 Resistance that goes all the way back to the August 10 2022 High. As long as it holds, we will trade within that and a Higher Lows trend-line. The 1D RSI pattern is identical to the January 15 - 30 peak formation, which also traded in range before the 1D MA50 (blue trend-line) broke and...
It`s almost time for another LONG entry . We wait for the system to give us an entry signal.
Assuming it’s a double top, if we don’t see a strong breakout with high volume above $71 We can expect a drop to at least $45 A bounce and possibly lower to around $35 but $42-$45 is a good entry point for a scalp Keeping in mind Comp All time high was $915, we see strong rejection around $71 but is a drop in the bucket compared to what it could be in the next...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (COMPUSDT chart) Looking at the 1M chart, If the price holds above 63.70, a move up to the 111.96 point is likely. Looking at the 1D chart, We need to make sure that it is supported around...
Compound is an interest distribution and DeFi lending protocol in which users stake their tokens in pools and borrowers can take a secured loan from any Compound pool. Anyway, compound has been in a downtrend for a while. Looking at the chart it seems price has made double bottom and also a triangle pattern is formed. Recently, compound popularity increased, and...
Preparing to buy at 0,001425 Target for selling 0,002850
COMPUSD closed the 1D candle yesterday over the 1D MA200 for the first time since April 18th, giving a strong buy signal despite turning overbought on the 1D time frame (RSI = 73.112, MACD = 1.660, ADX = 54.712). We are taking a buy here, targeting the 0.786 Fibonacci level (TP = 55.000). ## If you like our free content follow our profile to get more daily...
I put my last chart about COMP in down this chart. It must touch green line for a great rise.
COMP is currently chilling at daily support level and right at the bottom side of the huge triangle, showing RSI divergence on 4h and 1d time frames. Giving possible upside move with more than 50% and small risk with stops below support & trend line could be a nice play.
Possible Targets and explanation idea ➡️Cut all noise on chart. Open weekly chart ➡️Fib in play. Weekly retracement FIB. We came in -0.27 level (accumulation zone) ➡️White dashed line is main middle term stop losses. Play like magnet ➡️Trade under fundamental price (real value price) based on Take Profit indicator. ➡️Magnet Is take profit line of Take Profit...
thenexxtrade Alpha Strategy Annualized Return : 17.9% Sharpe Ratio : 1.27 Sortino Ratio : 2.67 Max DD : -11.4% Volatility : 10.5% I am not complaining!
#COMP is preparing for breakout and rise to $173. Take long position after breaking trend line.