My analysis suggests that the current pairing of comp/USD may be at a local bottom based on our Elliot wave count. This presents a potential opportunity for a long position at the 33-35$ range, with the goal of a long-term hold targeting the 100$ area. By taking advantage of this potential market movement, investors could potentially see significant returns on...
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
I believe we're printing a bullish crab here with a target down in the 2-1 dollar zone for compound...
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
Looking for 1 last drive down on comp to 20-7 bucks.. before I start buying.. gl
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
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.
| COMPUSDT | SHORT @ 52 - 50 | TP @ 49, 48, 47, 46, 45 | SL @ 58 | PATTERN = TRIPLE BOTTOM BREAKDOWN | COINBASE | TRIPLE BOTTOM BREAKDOWN ON BPI CHART HOURLY Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA,...
After the day's sell-off, COMP is recovering. The bullish divergence (RSI making a higher high and price making a lower low) shows that the price is likely to rise from here. The blue MACD line crossed above the orange signal line, indicating a change in trend. The price may rise to the recent 57 to 58 level. Potential short-term gain: 3% to 5%. No guarantees...
keep 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
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. 🐂
Hi 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
On 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...
Hi 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