COMP/USD -With the help of Cross Ultimate indicator, we manage to find the good entry position -The perfect entry was the breakout of local resistance at $141 -Also, the Cross Ultimate indicator gave us a strong bias of reversal signal -The price started increasing and hits all our Take Profit targets -I do not recommend to enter at current market price -Please...
Looks like COMP is finally breaking out of it’s falling wedge. It’s been a long and painful downtrend, but this could be the change in tide we’ve been waiting for!
Price of the COMP is on the possible breakout from Wedge pattern. Price can increase for the several levels inside range of 220 and 180. Pls, do not forget price of the COMP is quite high, and recently it increased from 60$ up to 380$ So i greatly advice to decrease risk in the trades which increased that much recently. Always use Stop loss to avoid unnecessary...
Using the Fourth of July low as a bottom (as opposed to the starting price), we see nice Fibonacci lines as well. Note that the chart has bounced several times at the $245.50 level, so expect to see tough resistance there on the way back up. If/when we eventually surpass our prior early peak, we could see prices up to $514.90 or even more optimistically $732.85....
So, you gave into FOMO. Compound was shiny and new, exploding onto the scene. You surely were the first one to notice, since it had only been trading for a few days, and that makes you an early adopter. But ... it turns out that bubbles crash. You bought high. Now you’re frustrated and thinking of selling — selling low. DON’T! The same reasons you thought this was...