According to my calculations, on the 4-hour time frame, the trend started on March 10.
On March 14, the level of 48.55 was tested. This level will be tested again in the near future.
Take profit at TP = 49.88 , do not forget about SL = 35.75
Good luck! ,
Regards WeBelieveInTrading
Hi Traders
COMPUSD (1H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 52.03 support level. Only the upward break of 55.30 would cancel the bearish scenario.
Trade details
Entry: 52.03
Stop loss: 55.30
Take profit 1: 50.03
Take profit 2: 46.77
Score: 5
Strategy: Bearish breakout
COMP seem to be forming a BAT pattern on the weekly that could take us over 100 Dollars. I believe the BTC still has some legs to it and Alts will rally.
Please do your DD, this is not a financial advice.
Hi Traders
COMPUSD (1H Timeframe)
Waiting for the upward break of 32.15 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 31.58 would cancel the bullish scenario.
Trade details
Entry: 32.15
Stop loss: 31.58
Take profit 1: 32.50
Take profit 2: 33.06
Score: 4
Strategy: Bullish reversal
No h&s patrerns, rsi, tdi or market.maker liquidity pools involved here. This one is simple channel formations and my noticing this angle of downward and upward price trend in many other assets and coins across the board. Human nature factors or just coincidence? Heres a far future projectory im lookinf at for validation and research. dydx coin is also published...
Looking like price accumulation within the ascending triangle. All red boxed areas are short sell liquidity pools that market makers will want to hit and release their longs and visa versa with green boxed pools where buy orders have been made. I'm predicting a short squeeze (pump up of price) by MMs to balance their books with resistance at the 200ma on daily...
Nov of 2020 we saw a push above $80 lead to a high of $500 followed by a higher high of nearly $1000….. I believe a push over $80 could have similar effects in the upcoming year followed with the BTC and ETH markets going up…. Also volume is picking up at its low
Just TA not FA
Let's see if this formation breaks to the up- or downside.
I am currently more pessimistic than optimistic, because when considering market environment, we would need some good news (--> DXY down and BTC up), for this to break to the upside. Lower rate hikes, lower inflation values, ... would be the signals to watch out for.
Nevertheless, we had a strong...
Hello dear Traders,
Here is my idea for #COMP
Daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel free to ask any question in comments. I will try to answer all! Thank you
A large falling wedge and accompanied double bottom bullish chart patterns can be identified
The falling wedge is a bit sketchy but I allow it
The double bottom is the major strong sign of a bull takeover, providing strong support
I would like to see this one play out.. the RSI is low/flat, the risk/reward ratio is good to take a try on a long position on COMP. NFA, always use SL close to entry!
COMP recently printed an enormous star and it looks to be a topping blow off top out of a corrective ascent. It will most likely fail through the lower trendline.
Not advice.
