mostly all hour chart is just perfect but 1 day chart is superperfect . support and resistance are based on 1 day chart . if it break out next
target are 635 / 712
support 404 / 346
if it breakout then 521 zone will be a strong support .
a green line will act as support if it didnt breakout and pull backward .
2 posible breakout .
1 ) blue color line
Hello everyone 😃
COMP just broke above the trendline and take hold there.
Now we'll wait for a retest on broken level to enter; Also now, We make sure that this breakout isn't fake anymore..
- EMA200 is controlling the movement and acting as a support now !
- Also there's a breaker line, Which has become a support now.
📚 Volatility is on buy...
A very long time ago, we did not publish the idea of a trade pair of Compusdt
Today we decided to publish because COMP Token Compound is one of the few alts, which showed growth last week.
Over the past week, buyers showed an increased interest in the Compusdt pair, it can be seen in the combination price increase + high trading volumes. And we did not find...
Compound seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 720 and even higher.
ENTRY: triangle high @ 532
SL: local low @ 474
TARGET: height of the triangle projected from midpoint of the local range @ 720
INVALIDATION: when SL level hit
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Big Ascending Triangle in play, Higher Lows forming, Squeezing into the Key Level Resistance, Move up will be pretty big on this one and targetting two areas. Good Luck and use your own Analysis on top.
On the left side 4h chart
There is a big potential cup and handle pattern and it broke-out the handle .
We can setup a long-term trading plan
TP1 : Fib 1 (531.0)
TP2 : Fib 1.272~1.382(622.0~658.8)
SL : 399.2
On the right side 1h chart
There is a tiny cup and handle pattern
and it broke-out the downtrend line and retest the line .
We can setup a short-term...
There is reason to believe we may be in super-millennium wave 5, and are prepping for millennium wave 3. Price is currently holding this high volume profile area and bouncing off the channel median. Volatility indicator at the lows while price is making higher lows and is now slowly growing. Hidden bullish divergence is visible on 1D RSI.
Measured price target...
Compound seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 481 and even higher.
ENTRY : local high @ 445
SL : local low @ 432
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 481
RRR : 2.7
INVALIDATION : when SL level hit
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This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can...