$COMP USDkeep it simple, make money. COMP USD will dump for probably the next week but I expect DeFi projects to start catching major bidding given current situations
COMPRLUSD trade ideas
COMP - Here Comes DeFi 🧑🏻🚀COMP up 10% today so far but it doesn't look like its going to be on the brakes too long as its currently pushing through the 50DMA and now printing a descedning channel that is probably a BULL FLAG. 🐂
COMPUSD (1H) Bearish reversalHi Traders
COMPUSD (1H Timeframe)
A Med-high probability, entry signal to go SHORT was given at 51.73 after the market completed a bearish trend reversal pattern. Only the upward break of 55.32 would cancel the bearish scenario.
Trade details
Entry: 51.73
Stop loss: 55.32
Take profit 1: 49.64
Take profit 2: 47.35
Score: 7
Strategy: Bearish reversal
Compound (COMP) - Bullish divergenceOn the above 5-day chart price action has corrected a massive 95% since the double sell signal back in May 2021. Now is an excellent moment to be long. Why?
1) A ‘incredible buy’ signal prints with 85% probability!
2) RSI resistance breakout.
3) Regular bullish divergence. 10 oscillators are currently printing bullish divergence over a 25 day period including MACD.
Is it possible price action falls further? Sure.
Is it probable? No no no. If you want to know what a sure thing looks like, this is as close as you’re going to get.
Good luck.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 2 - 6 months
Targets: 1st $550 By September 2022, 2nd $5500 (Before end of Qrt 1 2023).
COMPUSD (4H) Bearish reversalHi Traders
COMPUSD (4H Timeframe)
Waiting for the downward break of 42.83 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 50.50 would cancel the bearish scenario.
Trade details
Entry: 42.83
Stop loss: 50.50
Take profit 1: 38.11
Take profit 2: 30.44
Score: 7
Strategy: Bearish reversal
COMP - Downtrend To $42COMP's 2-week-long bullish impulsive trend broke this morning.
As a result, we expect a move down to $42.
Then a further move to $31 (indicated through the Point of Control (red line) on the Visible Range Volume Profile indicator)
COMPUSD: ShortSlow stochastic has crossed below oversold region
Stop loss: 43.65
Take profit: 32.29
Risk/Reward: 2.5
*No.1 Manage your RISK*
Compound (COMP) - Bullish divergenceOn the above 2-day price action has corrected over 90% since mid May 2021. Now is an excellent time to be bullish. Why?
1) A ‘incredible buy’ signal prints.
2) Regaular bullish divergence. Lots of it. Multiple oscillators are currently printing bullish divergence.
3) A dragonfly DOJI candle prints.
4) RSI resistance breakout.
5) On the 10-day chart (below) price action prints an impressive Dragonfly DOJI candle. This is rocket fuel for price action.
Is it possible price action falls further? For sure.
Is it probable? No.
1st target: $500
Good luck!
Ww
10-day chart
Levels are too Low Based on these levels building your position and only adding money that you can lose is recommended.
COMPUSD (4H) Bearish Wave We2Hi Traders
COMPUSD (4H Timeframe)
A high probability, entry signal to go SHORT will be given with the downward break of 63.00 after the market found resistance at 76.10. Only the upward break of 76.10 would cancel the bearish scenario
Trade details
Entry: 63.00
Stop loss: 76.10
Take profit 1: 36.70
Take profit 2: 20.85
Score: 7
Strategy: Bearish Wave We2
LL to HHJust an idea to consider. you think market can fill the same time range with the same price range?
Growing cycles are to watch in further years IMO
Strongest Bottom on COMP about to Happen Entry = 88.5$
Stop = 78$
Will not miss this ride and will keep editing the targets !
gann box of comp 28D 28D - 45angle square w gannbox - scale 36.5
28 for each moon day
45 angle with considering chart bottom as zero
365 scale for earth year.
gann cycle of comp-usdt11D time cycle with 45 degree fixed gann.
scale ratio is 19.135
let the new cycle begin!
COMPUSD Next Potential move!Medium to short term #compusd View. The next wave is about to start, I am seeing currently is fully based on the structure and wave analysis, I might be wrong it is my point of view on what could be the next move trade with care and this is not a signal Thankyou.
COMP to $360 Soon. After the long wait, it is almost time. COMP first target will be $360.
A bit more patience is required. Do not try to time the bottem. Take positions, relax and take profit and first target and let the rest ride along. After $360 it has still more upside potential.
All eyes on BTC for now, but the second wave will favor ALTS more than BTC in terms of percentages.
Good luck all.
LONG COMP @ 128-129 Compound is a protocol on the Ethereum blockchain that establishes money markets. Money markets are pools of assets with algorithmically derived interest rates. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate. Compound is now available on DeFi Swap. Users can swap Compound, be Compound Liquidity Providers to earn fees and boost their yield when staking.
what a deal DeFi is if you pick the rite spreadDeFi is the last liquidity hold out as the water recedes the defi pools or puddles remain. it makes you wonder where this market would be without the decentralized Liquidity Lakes _shinning becons of money added by you and me in = trading pairs to form people powered DEX's like UNIswap or the bast@rd cuz SUSHIswap dont forget synthetics or extra deep liquidity like SNX or deep market cap gem LINA and now we have cheep swap n mint NFTs_ little guy empowering "layer 2 dex's like LoopRing LRC ZKS and Uniswap's Version 3 or V3 with optimisim.io leading the tech behind the scenes.
If i had to pick 5 to 10 ALTS not counting realavant blockchains snagging liquidity and brainpower (programmers) _(( ETH BSC ADA DOT ALGO NEAR FANTOM SOL MATIC AVAX even centralized exchanges/DEX's CRO CHSB VGX FTX token etc)
think utility coolness fun or swapping then money on and off and just as, if not more importantly_ money etc moving cross chain
YFI CRV COMP AAVE LEND MKR SAND ENJ MANA SUSHI UNI SNX l2_dex's COSMOS
ZKS UNI LRC
always miss projects and new ones out everyday...
COMPLooking at the 4 hr chart the price will continue to fall overall. Buy point around 116.00 my sell around 148.00
Hope this helps someone
COMP Bullish On RobinhoodFew days ago four coins was drop on Robinhood. World is continuing to accept cryptocurrency. Possible long turn hold heading back to ATH. We may see resistants in the middle of this up trend would say about 2023 we may see ATH.
Follow me for free analysis.
$COMP Bearish Shark ReturnCOMP still has some work to do here but its starting to diverge on both the RSI and the MACD. Bullishly engulfing here as well with a possible partial decline. This is the 3D but i do like this time frame for reducing a little bit of the noise from the daily, and a little faster than the weekly. You really want to see COMP back above 180, which would open the door to about 100% upside to the next major resistance.
The 1.13 rejection on AC could imply we are going to see an .886 return to complete the Bearish shark here, but even a reasonable retrace to the 50% is about 3X from here.
COMPs also been added to Robinhood and its safe to say that will lead to a lot more volume and eventually some significantly higher prices.
COMPUSD forming a long-term market bottomCompound (COMPUSD) has been trading within a Falling Wedge since the May 12 2021 High. Since February however, it has been trading within a Channel Up, which is the market attempt to form a bottom.
In order for this to be confirmed as a bottom though, the price needs to break above the 1D MA200 (orange trend-line). If it does, it will be the first time to do so since September 07 2021. In the meantime, the 1D MA50 has been supporting since March 27.
Another bullish structure pointing to a break-out is the fact that the 1D RSI has been on Higher Lows since January 22.
A safe trade would be to buy once the 1D MA200 breaks. The higher Fibonacci levels can be used as rough targets: 0.618 at 380.00 and 0.786 at 535.00
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