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...
One breakout update with the rate chance of 8/10 that a breakout is going to take place on one. This update will be adding more data here below soon. This update shows that there is a high chance with 80% that this coin will get whale interest for the next breakout. The breakout depending on the new technical view includes the previous trend data. Coins like...
Observing the market for 2 years, when an altcoin is interesting to a big player, when reaching low prices for the asset, there is mostly a strong upward movement (means that it is selected). Therefore, it is useless to hope that this growth will be endless.
Entered comp $70. Comp is superoversold on the rsi on all time frames blown past the elliot wave targets. Shorting to support taking profit on the short position MM built on this final leg
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...
If we want to check based on Vaykoff's analytical method, this area is very important, in case of an upward break, one can witness a corrective movement in one of the three red lines, and in the B area, entry for higher goals can be expected.
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...
Due to the passage of an important time limit at the change of the half-year, I think it is worth considering the market situation. Last month, the reversal of monthly candlesticks on the tops, which I predicted, worked well, but investors were in no hurry to invest in altos until the very fact of a positive closing of the half-year and a signal for further market...
This is personal trading & not for our fund. ASX:MKR was in the low 600's when we spoke about how good it looked, It is now up 50%. If you had opportunity to buy on that dip, it would be closing in on a 2x return, NICE. #DEFI was aa sector we spoke about a few times as having good opportunity. Since then, NYSE:COMP is up 2x+! Spoke about NYSE:BCH in...
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...
Hey guys COMP has broken its two-year downtrend line on the weekly time frame and started a strong bullish move accompanied by impressive trading volume. Currently, there are two resistance levels in front of it The $70 level is the ceiling of the trading range channel, and the $80-$100 range is a very important resistance level In the daily time frame, we...
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...
Seems Like Getting Ready For Solid Recovery Formed & breaking Falling Wedge In 3 days tf Incase Of Successful Breakout Expecting 280 to 300% Bullish Wave In Midterm
COMP is currently priced at $40, and it experienced a significant gain today. This suggests strong buying pressure and positive market sentiment surrounding the coin. In terms of technical indicators, the RSI is at 73, indicating an overbought condition. This suggests that the price may be due for a correction or consolidation in the near term. The EMA 50 stands...
Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the COMP symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Breaking falling Wedge In h4 timeframe incase of breakout expecting 22 to 25% Bullish wave
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.
🐂 #COMPUSDT bulls fiercely defending the $38 area, where the 78.6% Fibonacci support was twice rejected. The recent price action reveals a clean rebound off the uptrend trendline and the critical VolumeProfile demand zone. If this massive support continues to hold and #COMPUSDT can produce a new higher high, it is highly likely that we will see a continuation of...