COMP can be seen to be in a falling wedge as it is touching the 1.618 Fib circle line
This fib circle line has been a previous support
I expect this level to hodl and a breakout from the falling wedge to occur
The line is what I expect the indicator to do as price moves
Real nice setup here with bullish divergence on both oscillators. I would not rule out going to the .886 before the reaction, but this is where i would layer in, or wait for the reaction, and confirmation low.
Supertrend just signaled a buy on the one day chart for COMPUSD as we are seeing higher lows and higher highs. We also have a bullish convergence on the RSI. Looking to long this one and possibly enter the previously created upward channel.
Def a wild setup. Amazing rounding bottom. Falling wedge with Dow trending resiatnce we just broke out from. As well as a second potential reistance zone around 375. I feel the key zone to break is 375. This could absolutely fly but it’s tough to start buying here just yet if you aren’t already loaded
Key supprt 318 upper resiatnce 375. If we broke 375 and held...
$COMP (INDICATORS INCLUDED)
1243H +8 SINGAPORE
ALERT: ABOUT TO COIL UP - ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
THIS IS AN AREA OF OPPORTUNITY: A ZONE FOR AN ENTRY.
Accumulation looks healthy. I think it will not break resistance yet until we see volume increase further. COILING towards STRONG SUPPORT and...
COMP is at the trendline which is on a 4 hour timeframe and it looks to be trying to break it. If it does it could possible go upwards, maybe fast or maybe in a couple days. Unless bitcoin causes everything to crash again.
Please note this is not financial advice.
COMPUSD is a little symmetrical triangle on the 1H. Buying volume is increasing. selling volume decreasing.. moment to watch how this plays out! I'm already in.. but do your own research before getting in :-)