Hi Traders COMPUSD (4H Timeframe) A high probability, entry signal to go SHORT will be given with the downward break of 40.18 after the market found resistance at 43.80. Only the upward break of 43.80 would cancel the bearish scenario. Trade details Entry: 40.18 Stop loss: 43.80 Take profit 1: 30.26 Take profit 2: 21.90 Score: 9 Strategy: Bearish Wave We2
We’re at the .618 area of retrace,ent which typically has some support but I believe we could se a further drop to $43 or even $38…. $28 is the last resort….Plan to see some movement in these areas, and hold for the long term gain. Once we break back over $78 we could see it follow the strong bull market. There is a possibility of getting a scalp trade from...
Stron divergence at the level of 100 % FIB EXTNS. and between 50% and 1%.I am waiting short term bounce from this level.I am long
Compound ended June on a positive note and continued growing all the way through the 4th July, then came the correction. 6 days closing red but a bounce is happening exactly at EMA300 (grey line on the chart). The question is this, can COMPUSD resume growing or will the correction continue? Compound moved ahead of the others, as it moved ahead the others...
COMPUSD has been a very profitable crypto for us lately (last idea at the bottom) and as it crossed above the 1 year Channel Down invalidating it, the 1W timeframe turned bullish (RSI = 65.140, MACD = 5.050, ADX = 32.042). If the 1W candle closes green on this bullish pinbar, we will buy again and target the 1W MA100 (TP = 100). The upside potential is...
In this Renko chart for the COMPUSD (Compound) pair we have a mixture of signals and systems. We are using it to spot a bottom and also confirm the reversal of a trend. The fact that we have a perfect flat correction (3-3-5) based on EW coupled with the highest volume ever, 4 green bricks on the weekly timeframe, all confirm that the bearish trend is over. This...
Compound (COMPUSD) is rebounding after the initial rejection on the 71.500 Resistance that goes all the way back to the August 10 2022 High. As long as it holds, we will trade within that and a Higher Lows trend-line. The 1D RSI pattern is identical to the January 15 - 30 peak formation, which also traded in range before the 1D MA50 (blue trend-line) broke and...
Assuming it’s a double top, if we don’t see a strong breakout with high volume above $71 We can expect a drop to at least $45 A bounce and possibly lower to around $35 but $42-$45 is a good entry point for a scalp Keeping in mind Comp All time high was $915, we see strong rejection around $71 but is a drop in the bucket compared to what it could be in the next...
Compound is an interest distribution and DeFi lending protocol in which users stake their tokens in pools and borrowers can take a secured loan from any Compound pool. Anyway, compound has been in a downtrend for a while. Looking at the chart it seems price has made double bottom and also a triangle pattern is formed. Recently, compound popularity increased, and...
COMP is hitting resistance. I dont think it will go higher. I took profit here.
COMPUSD closed the 1D candle yesterday over the 1D MA200 for the first time since April 18th, giving a strong buy signal despite turning overbought on the 1D time frame (RSI = 73.112, MACD = 1.660, ADX = 54.712). We are taking a buy here, targeting the 0.786 Fibonacci level (TP = 55.000). ## If you like our free content follow our profile to get more daily...
this is looking appealing, recently challenging a DownTrend dating back to May `21 🥸
My bias for COMPUSD still remains bearish as the previous low is already broken. I was taken out from my first initial trade due to a tight stop loss. A re-entry is taken with my target still my previous target.
I am expecting a drop down to 33.94. Retracement seems to be holding up nicely. A move above my stop-loss will make my bias invalid. I have opened a sell trade already. Let see how it plays out.
COMP is currently chilling at daily support level and right at the bottom side of the huge triangle, showing RSI divergence on 4h and 1d time frames. Giving possible upside move with more than 50% and small risk with stops below support & trend line could be a nice play.
COMPUSD is in a mini downtrend, there is a retracement and resistance seems to be holding nicely. I am expecting a further downward movement.
Hi Traders COMPUSD (1H Timeframe) The market is in an uptrend and we are waiting for an entry signal to go LONG above the 44.12 resistance level. Only the downward break of 42.86 would cancel the bullish scenario. Trade details Entry: 44.12 Stop loss: 42.86 Take profit 1: 44.85 Take profit 2: 46.10 Score: 8 Strategy: Bullish breakout
Not investment advice. Not certified in any charting method. Just my best guess based on what I see.