We can witness an Adam & Eve pattern printed on the daily chart. The crucial resistance ahead must be flipped into support to enter a trade with a decent R/R. MACD shows signs of divergence in the positive zone. RSI has room to grow to confirm a breakout. Volume is decent.
Looks like $COMP is still gearing up for eventual breakout!
Hello, Traders! When the Index (Bitcoin) rises, most altcoins either lag behind in growth or on the contrary begin to lose value. This can be used to get discounts on fundamentally strong assets with a clear team and a strong market maker. At the moment, the price of the asset has gone under the MA100 and MA200 on the daily timeframe, which shows signs of...
Comp cryptocurrency price at the neckline of the head and shoulder compound cryptocurrency price looks really good and it can move higher if close above the neckline of the head and shoulders.
Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (COMPUSD 1W Chart) If the price holds above the 250.561321 point, we expect the uptrend to continue. (1D chart) It remains to be seen if the 369.536000-405.766170 section can find support and...
We are taking profits on Compound by moving up our stop loss to 350 We entered the trade on the break of the psychological level of 200. We are still targeting the ATH of 900 but decided that at 100% profit now, we should lock in 75% of it if it drops. You can enter this trade at those levels now also and put your stop loss and take profit similar levels. Risk...
Compound appears to have completed a set of 5 impulsive waves, with an extended sub-wave 5, for a first bullish wave 1. It is now correcting in the shape of a zig-zag, the most common pattern for a wave 2. Right now it is tracing sub-wave b of wave 2 and I expect a sub-wave c of wave 2 in the upcoming days that could push the price down to the $325-360 range,...
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...
100 day moving average and also a prominent resistance level are currently in the way. Bitcoin also has been moving lower (as of the last hour or so), which could influence this pullback even more. Notice the fib levels drawn as well, which line up with support levels, for possible areas of support on the pullback. If Bitcoin does not move significantly lower,...
-COMP has revived nearly 70% since its low of $195 -Price has recently broke a falling wedge pattern -COMP needs to stay above 200MA to continue revival Compound has recently grown much in light of its DeFi capabilities the last year. The price has seen some growth but not as much as its competitors as it is up a mere 85% over the past year. Unfortunately 99% of...
This DEFI lending platform is showing a clear Elliott Wave count: a gigantic primary zig zag, where there is only an intermediary wave 5 of primary c to finish. In other words, there is still -30% potential from current level, so the target would be $150. It seems like a crystal clear textbook count to me.
Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W Chart) If the price holds above the 250.561321 point, it is expected to maintain an uptrend. (1D chart) We need to see if it can move above the 336.093037 point to find support. To...
Hello, Traders! After correction, the price of COMP returned to the active trading zone of $379 - $435. MA100 acts as dynamic price support. Cumulative delta analysis shows the presence of demand from buyers. We may consider purchases in the range of $379 - $421 Stop-loss can be located under the price level of $292 Targets are the price levels $492...
COMP/USD giving us multiple bull signals! In the 1H, it's congquered the 55EMA! the 100 EMA,! the 200EMA! and is chasing the 300EMA (purple)! The last time this happened it made a 75% move! Also, notice the 55EMA is serving as support. Since we've got aggressive price action in the 1H, it's possible it completes this move in a day. Let's see how this plays...
Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W Chart) (1D chart) We have to see if we can climb above the 383.631580 point and gain support. If it continues to fall, it can touch the 338.424780 point, so you need to trade...
1. Watch reaction @ 14500 (black) - flip as support --> higher lows made --> bullish MS --> target weekly supply @ 21000 - reject --> lose 12500 as support (blue) --> return to daily demand @ 10500 (green) COMP is one of the few coins that made a higher low (with the daily candle close, wicks's don't count) Many others aren't out of the woods yet Let's see...