Here is what I have identified, based on one of my own custom indicator.
My indicator called DCA Daily Buy (but also working on 12, 4h, 1h, with adujsted settings), supposed to help me identify bottoms on big coins : BTC, ETH, LINK, LUNA, COMP, SNX, and some others, vs USDT.
I have found by mistake that vs BTC, my indicator was already flashing sigals to...
💎 COMPUSDT has formed a Wedge pattern and a descending channel. After breaking above the descending channel it has gone for the retest. The price has got rejected from this zone. I am expecting that the price starts to go higher from this level.
🏁 Short Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 310.0
- Compound - COMP Rank #57 on coinmarketcap.
- On the chart we can spot a huge bullish rectangle, which will break up very soon!
- Also we can see a descending channel, which is also ready to break up!
- Profit target is below ALL TIME HIGH
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR )...
I recently made a post on COMPS affection for the inverse H&S
This current one, a bitcoin pair is showing the same signs however with a slight difference on the positioning of the head
Hopefully a bounce back into the channel and further upsides to come
I am long COMP
this is my view for BINANCE:COMPUSDT .
BYBIT:COMPUSDT broke up the 4h POC and closed above. Now we are trading at 338 usd targeting 415 - 448 - 578.
Seems to be forming and inverted head and shoulders.
Here's a quick Look at COMP 8 hr chart. As we can see, the price has been forming a bigger falling wedge and we could see a break to the upside soon! Definitely one to keep an eye on. October is believed to be bullish according to S2F model and historically!
The best entry would be, when the price breaks above the falling wedge with good amount of volume ....
- Compound - COMP Rank #55 Token on coiinmarketcap.
- On the chart we can spot an ascending triangle, which is a very bullish pattern.
- Profit target is below ALL TIME HIGH + Ascending triangle target
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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
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.
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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...
💎 COMPUSDT Has broken above the triangle. It may go down for a Pullback before it continues to go up.
🏁 Medium & Long Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 412.0
☕️ TP1 470.0
🍺 TP2 525.0
🍻 TP3 600.0
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 378.0