💎Technical Analysis Summary💎 BINANCE: COMPBTC -After breaking the key level of support at 0.0116 sat -The price keeps falling and now it is also breaking its local support -This could be a small Bear flag that could fall the price down to 0.0088 sat -If you are waiting for a trend reversal, it might take more days or even weeks -But if you are playing on the...
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COMPUSDT Daily: -Bull Div in play -Watch out for breakout in coming days -Falling Wedge Entry: 107-109 TP1: 124 TP2: 151 TP3: 180 SL: 97
The current situation: 1. Price action previously formed a double bottom on the 4HR chart, but once it got to the neckline at about 124 USD, it was rejected and apparently does not have the strength to break out. Currently, it looks more like a double top with a measured move of 110 USD from the neckline at about 117 USD. 2. There was bullish divergence on the...
TA -120EMA Support. High volume at $62 level. - Early May 2020 shows double the volume from the previous highest volume day= Institutional accumulation. Average volume 2.8M. May 5th volume : 38.5M - Distribution volume slowing down - RSI reversal - MACD golden cross - Strong relative strength FA, - Integrated platform = Chegg study+ Chegg Writing+ Chegg Math...
Everything is clear on the chart
💎Technical Analysis Summary💎 FTX: COMPUSD -Compound Token is unable to break the trendline resistance -It is facing rejection and might retest key level of support at 120s area -My advice is to wait for the proper upside breakout before planing your entry -You may look to enter with momentum breakout or wait for a pullback -The upside potential is up to 180s...
Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It remains to be seen if it can rise above the 145.30 point to form a double bottom. We should also see if we get support at 145.30 and...
comp/usdt dumped hard recently from 270$ to 125$ now its trading around 143-144 double bottom is clear in chart we will buy the break of resistance around 148$ entery now at 144 is higher risk targets : 152.5 159 165 175 after you buy stop should be 4H candle close below 137.98 good luck if you like my ideas hit like button and follow show your opinion in...
The start of something new always happens on lower timeframes. The Great Transfer of Wealth is here. July 4th 2020
Good morning Traders This is my primary count for COMP. Seeing this entire corrective move as a larger wave 2 after an explosive W1 from $33 to $373 on Uniswap back in June. Ultimately looking for much higher as the DeFi space grows in a bull market but targeting $305-$311 for now before a final 0.618 retracement to complete a potential running flat to...
COMP is currently testing daily, golden retracement and trendline support which I suspect is going to hold considering the hidden bullish divergence signal on 4H stochrsi which usually signals continuation in a trending market. Declining sell volume on this drop in confluence with major support and hidden bullish div makes me boolish at least for the short...
Compound begins the new month in style, breaking above $250. Compound must rise above $260 to sustain the bullish case and avoid a potential double-top pattern breakdown. Compound, one of the major decentralized finance (DeFi) tokens is a consistent upward roll following the key support embraced at $160. The support came in handy after the token spiraled from...
Hello, after the initialcrazy hype around this protocol and its token, it has somehow been forgotten and the attention of traders shifted to the new, yet smaller, projects that came out ridng the DeFi fever. However, it is still one of the best project of its kind out there, after Aave and Maker. It allow users to earn interest or borrow assets against...
Updated View On COMPOUND (24 APR 2020) Decentralized Finiance is all in the rage right now. Since Compound project is supported by Coinbase, it has reputation. Let's see how high it can go. I am bullish on this. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading...
BINANCE:COMPUSDT com [ after the retrace of the 0.618 zone it's making a possible third wave. Target is shown as extension of the 1rst to 2nd wave. Better watch it.