On 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)...
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.
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
Stop loss: 76.10
Take profit 1: 36.70
Take profit 2: 20.85
Strategy: Bearish Wave We2
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...
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...
DeFi 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...
Few 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.
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COMP 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...
Compound (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...
Approx 32% gain from current PA to 1.618 Fibonacci.
Target Price Limit Sell: 188-211 USD
Suggested Take Profit: 1.272 Fibonacci (168 USD)
Invalidation Zone: Under 129 USD
Please allow 2-14 days for Swing
Not financial advice, DYOR
bullish butterfly on comp just above all time lows with a bat pattern in the rsi ,first positive momentum on weekly macd , above the most critical level etc
below these lows no data exists this is one of the best looking charts and no brainer trades ive ever seen if not the best in terms of probability of success and reward to risk.
cant wait to press the watch...
In this video I'll show you what I've spotted on the COMPUSD chart and what I would be watching/waiting for before I took an entry.
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Link to Static Posts:
Dogecoin - www.tradingview.com
CompUSD - www.tradingview.com
This one looks similar to my DogeCoin post a few days ago (see link to related ideas below):
Inverse H&S pattern - looks to be playing out
Clear target at area of confluence
Similar pattern as many other altcoins ...tackling a major MA
So, here's the way I'd play this (also, similar to the recent dogecoin post):
#1 - Zoom in to the 4 hr...