⛔️📈 "Shadow of War on Crypto - COMP Analysis" ⚠️💰
💹 Let's analyze and review the coin COMP in higher timeframes amidst the current sensitive conditions.
⛔️ Yesterday, a conflict between Iran and Israel arose due to retaliation for the incident at the Iranian consulate in Damascus. Iran's missile and drone strikes accompanied this conflict, resulting in a market downturn and red candles.
🔗 Hopefully, peace prevails everywhere. However, if the conflict persists, initially, there will be a downturn in the crypto market. But as the war continues and payments shift to crypto, currencies may resume their upward trajectory.
💡 On the weekly timeframe, COMP has been in a long-term box for almost 670 days, with the crucial weekly resistance at 91.52 still holding significance.
📉 This sharp and significant weekly candle due to the conflict is a strong bearish signal, increasing the likelihood of revisiting the box's bottom for us.
🕰️ For spot buying, we have two scenarios. First is breaking the box ceiling and the weekly resistance at 91.52, which serves as an easy trigger for buying this coin. The second scenario involves reaching the important support range of 25.39 to 31.04. If we encounter this range with a suitable re-action accompanied by a shadow from below and strong buyer momentum within the weekly or daily candle, it's a good buying opportunity.
🎯 After breaking the resistance at 91.52, our subsequent resistances are at 175.37, 249.79, and 370.95. Furthermore, after breaking the box's midline, our supports are at 36.16, 31.4, with the final stronghold at 25.39.
🚀 If we move back towards the box ceiling from this space, with increasing volume, it's advisable to have a stop-buy order above the resistance for a sharp upward movement.
🕊️ I recommend researching the COMP project and participating in its DeFi space. Also, I hope no wars occur in the world.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
⛔️ Yesterday, a conflict between Iran and Israel arose due to retaliation for the incident at the Iranian consulate in Damascus. Iran's missile and drone strikes accompanied this conflict, resulting in a market downturn and red candles.
🔗 Hopefully, peace prevails everywhere. However, if the conflict persists, initially, there will be a downturn in the crypto market. But as the war continues and payments shift to crypto, currencies may resume their upward trajectory.
💡 On the weekly timeframe, COMP has been in a long-term box for almost 670 days, with the crucial weekly resistance at 91.52 still holding significance.
📉 This sharp and significant weekly candle due to the conflict is a strong bearish signal, increasing the likelihood of revisiting the box's bottom for us.
🕰️ For spot buying, we have two scenarios. First is breaking the box ceiling and the weekly resistance at 91.52, which serves as an easy trigger for buying this coin. The second scenario involves reaching the important support range of 25.39 to 31.04. If we encounter this range with a suitable re-action accompanied by a shadow from below and strong buyer momentum within the weekly or daily candle, it's a good buying opportunity.
🎯 After breaking the resistance at 91.52, our subsequent resistances are at 175.37, 249.79, and 370.95. Furthermore, after breaking the box's midline, our supports are at 36.16, 31.4, with the final stronghold at 25.39.
🚀 If we move back towards the box ceiling from this space, with increasing volume, it's advisable to have a stop-buy order above the resistance for a sharp upward movement.
🕊️ I recommend researching the COMP project and participating in its DeFi space. Also, I hope no wars occur in the world.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.