COMPOUND trend in falling wedge where make a bottom at 279$ and then test it three times ..so my conclusion is "that is a solid bottom :)" then broke falling wedge pattern make support on golden pocket 315$ ..now need to flip resistance to support at 338$. where make a potencial W pattern/bullish ..potencial long price is on the chart..cheers
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COMP is overall bullish and now approaching the blue trendline from Daily acting as a non-horizontal support, so we will be looking for buy setups.
on H4: COMP formed a wedge pattern in red but it is not ready to go yet.
Before we buy, we want the bulls to take control....
COMP / USDT
Comp is showing bullish falling wedge in confluence with trendline support (red line)
it has high potential to grow :
1- either from here (falling wedge)
2- after retest of weekly support
Keep your eye on it 👀
Best of wishes 🙏
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Everything on the chart.
open pos: market
target: 365 and 395
after first target reached move ur stop to breakeven
stop: ~284(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
Good luck everyone!
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Situation is not good for ALTCOINS and COMP is no exception to this rule.
COMP will drop hard up to 220$ if lose key level, Also this is a good opportunity to take short position.(Suggested SL is 316$)
According to my analysis, it may but i must use a very tight stop just in case it's going for an all time low.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Comp is a coin with good potential. A strong project on the fundamental analysis side. On the chart, the coin is in a trading range on the higher timeframes.
On the chart you can see that there is a large volume at the bottom when the lower boundary is tested, it is a bullish signal. A good buying opportunity. The first target is the upper limit of the trading...
What you need to know is that the was some bad news that came out recently:
"$22M Drained From Compound Contract That Was Hit for $80M Last Week. About $66 million – and counting – was recently added to the still vulnerable contract, thus making more funds available for exploit. "
That event obviously had a negative impact on the price, but...
Hello everyone 😃
COMP just broke above the trendline and take hold there.
Now we'll wait for a retest on broken level to enter; Also now, We make sure that this breakout isn't fake anymore..
- EMA200 is controlling the movement and acting as a support now !
- Also there's a breaker line, Which has become a support now.
📚 Volatility is on buy...
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 ....
A Trading Signal is seen in the COMPUSDT COMP Compound
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy on downtrend breakout or Buy on 292.9
⭕️SL: Close below 266.3
🔵TP1 @ 356.8
🔵TP2 @ 415.3
🔵TP3 @ 530.5
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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.