Trade setup : Price remains in a downtrend, however, price had a bullish breakout from Channel Down pattern and above $50 resistance, which would signal bullish trend reversal with +20% upside potential to $60 next. Stop Loss at $46. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
...
Yello! Are you keeping an eye on #COMPUSDT’s latest breakout? Let's break it down and see what’s next!
💎#COMPUSDT has recently broken out of a falling wedge, a bullish signal supported by the 50EMA and increasing trading volume. The asset is currently retesting this breakout.
💎The upper trendline of the wedge is now acting as support for $COMP. If this retest is...
Lets play a game... how many daily candles will close below this daily level?
Leave a comment below!
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial...
💎 Paradisers, let’s delve into the #COMPUSDT as it nicely following falling wedge formation however, there’s a glimmer of hope as it once again restores momentum at the key support level of $49.82.
💎 But what if #COMPOUND can’t quite stick the landing at this support level? In that case, we need to be prepared to switch up our strategy. Our focus shifts to a...
COMP Rallies Over 100% After CEO Quits !
Robert Leshner, the well-known creator of the DeFi lending platform Compound Finance, has resigned from his position as the CEO of the DeFi lending protocol.
Leshner recently announced his plan to launch Superstate Trust, a new business venture. The creation of a short-term government bond fund is the goal of this...
Trade setup : Price is in an Uptrend. Following a bullish breakout from a Symmetrical Triangle, price reached $100 resistance for a +70% gain, but got very overbought (RSI > 80!) and pulled back on some profit taking. Pullback near $68-$70 support area could be an attractive swing trade entry in Uptrend, with +40% upside potential back to $100. That $6 support...
📂 NYSE:COMP #Compound (COMP/USDT) (March 12, 2024) (#COMP, #Spot)
Compound (COMP) — stands out in the decentralized finance (DeFi) landscape as a pioneering protocol built on the Ethereum blockchain, enabling users to lend and borrow a variety of cryptocurrencies.
▫️ What sets Compound apart is its innovative approach to interest rates, which are...
Compound (COMP), as one of the pioneering platforms in the decentralized finance (DeFi) sector, has demonstrated remarkable resilience and potential for growth despite the challenges faced in the crypto market, particularly during the tumultuous year of 2022. Its ability to remain a significant player in the crypto space, even when faced with adverse conditions...
COMP / USDT
After 22 months of accumulation in this boring range and 2 main events of liquidation for buyers and sellers …
it seems ready more than any time before for breakout
If breakout done successfully expected a huge bullish move
💎 Paradisers, set your sights on #COMPUSDT as it navigates an ascending channel, gearing up for a promising move from its demand zone.
💎 #COMPOUND has faced resistance at $75.92, leading to a retreat. Currently, it's challenging the resistance within the ascending channel, displaying strong momentum with significant green candles. This indicates a potential break...
This analysis is an update of the analysis that you can see at the bottom of this page, in the related analysis section
We are in the supply range of the previous analysis, but the structure is now more clear.
The comp is completing the e wave of a larger degree diametric. It is expected that the specified targets on the chart will rise
Trade setup : Price is in an Uptrend. Following a bullish breakout from a Symmetrical Triangle, price has also broken above $60 to signal continuation of uptrend, with +15% upside potential to $68-70. Price is now retesting that breakout. Stop Loss (SL) at $55.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD...
Compound (COMP) has been engaged in an extended period of trading within a well-defined horizontal accumulation range, featuring clear boundaries at both the upper and lower ends. This characteristic setup provides ample opportunities for significant players to manipulate the market, given the presence of hidden stop-loss orders. The recurrent strategy involves...
An ABC is seen which appears to have been a bearish triangle wave B.
Now it seems that you are in the final wave of this triangle, i.e. wave e of B
The red box is expected to drop towards the specified targets.
I put the targets on the chart. Closing a 4-hour candle above this level will violate the analysis.
For risk management, please don't forget stop loss...
💎 Paradisers, turn your attention to #COMPUSDT, as it's currently showing promising signs of an upcoming move from a key demand level.
💎 #Compound is tracing an upward path, indicating a potential bullish breakout from its current demand level. It's anticipated to retest the demand level at $47.5 before continuing its upward trajectory. If #COMP can maintain its...
Trade setup : Bullish break out from Symmetrical Triangle pattern, above 200-day moving average, signaled resumption in Uptrend. Bullish break above $60 signals continuation of uptrend, with upside potential to $80 near-term. Stop Loss (SL) at $54. Watch our recent Trading Video explaining a recent trade setup, including Take Profit and Stop Loss levels, and...
