COMP.usd Near-term Support Resistance: Compound Retrace Watch

Sep 2, 2020

Market-wide pullback took Compound with it, but still remains bullish.
Mapped are Support and Resistance Zones to be observed for more clues.
Sure that is a lot of lines and zones, but each one WILL react so be ready.

$ 203.84 - 205.85 is KEY support that bulls really need to hold.
$ 189.01 - 191.33 is a possible target for a sub-200 Stop-Hunt wick.
$ 225.01 - 227.84 is key resistance to break to have any breathing room.

Sep 3, 2020

Note

Pretty good bounce so far.

And a mistake in my zone plot, where one of the resistance zones should have been a band up, shows by blue arrows below.
Original Zone

Should have gone with

Originally I went with the blue 2.618 on right, and its neighbor 7.852 on left.
Giving 2.618's the favor is generally a good bet, but in this case it was the 2.236 on right that stepped up.
So now paying particular attention to the x.236's strands.

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Sep 3, 2020

Note

Just got a loud vote for UP from the "Decision" zone But lets see if the peeps follow

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