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Compound (COMP) - July 26

BINANCE:COMPUSD   COMP
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(COMPUSD 1W Chart)
If the price holds above the 250.561321 point, we expect the uptrend to continue.


(1D chart)
It remains to be seen if the 369.536000-405.766170 section can find support and move up.

It remains to be seen if it can move above the 405.766170 point and continue its uptrend.

If it declines from the 277.661808 point, it may enter the mid- to long-term investment zone, so careful trading is required.

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(COMPBTC 1W chart)
If the price holds above the 0.010745 point, it is expected that the uptrend will continue.


(1D chart)
It remains to be seen if the 0.010608-0.011425 zone can support and move up.

If the price holds above the 0.011425 point, it is expected that the uptrend will continue.


It remains to be seen if the green color of OBV in the volume indicator can remain elevated.
Green in OBV means buying.

In the CCI-RC indicator, since the CCI line is located in the range of -100 to +100, the price is most likely located in the box section.
It remains to be seen if the CCI line can accelerate the uptrend by moving above the EMA line and above the +100 point.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy for profit creation as a support point or section

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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