COMPBTC (Compound) did very good since our last update but not prices are starting to retrace... This is normal, we normally get a retrace after a strong bullish move. We are likely to get more bullish action after the retrace is done. The main targets are marked yellow on the chart. Namaste. Previous chart 30-June
comp/btc was so strong yet on bigger scale looks extremly bearish. Is this even possible?
i'm short on comp unless it can break the channel. i doubt that would happen.
Here we have COMPBTC trading within a channel with a well defined trend. It is likely that prices will now move and hit the upper side of this channel, marked here with purple lines. Prices are now above MA200 and we can see above-average volume coming in on the green side. The RSI is also very strong. This is not financial advice. Namaste.
COMPBTC - Long - Potential 14.55% Exchanges: Binance Signal Type: Regular (Long) Entry Zone: 0.011317 - 0.011786 Take-Profit Targets: 1) 0.012536 2) 0.013458 Stop Targets: 1) 0.010586 Trailing Configuration: Entry: Percentage (0.0%) Entry Trigger - Forming Pullback. Comment should you have any questions or ideas about this set up!
1. Watch reaction @ 14500 (black) - flip as support --> higher lows made --> bullish MS --> target weekly supply @ 21000 - reject --> lose 12500 as support (blue) --> return to daily demand @ 10500 (green) COMP is one of the few coins that made a higher low (with the daily candle close, wicks's don't count) Many others aren't out of the woods yet Let's see...
$COMP Making a new YTD high and starting to cross ~.016 sats resistance(?) level Volume also showing strength after the dip that the entire market showed a few days ago Looks good (aim for a R/S Flip as entry above this level if happens) Still 50% away from 2020 highs #COMP
COMPBTC - Long - Potential 11.64% Exchanges: Binance Signal Type: Regular (Long) Entry Zone: 0.015645 - 0.016124 Take-Profit Targets: 1) 0.016985 2) 0.017997 Stop Targets: 1) 0.014870 Trailing Configuration: Entry: Percentage (0.0%)
COMPBTC - Long - Potential 9.97% Exchanges: Binance Signal Type: Regular (Long) Entry Zone: 0.012443 - 0.012775 Take-Profit Targets: 1) 0.013342 2) 0.014101 Stop Targets: 1) 0.011823 Trailing Configuration: Entry: Percentage (0.0%)