COMPBTC trade ideas
COMPBTC Breaks Descending Channel (Over 350% Mapped)Take a look at this descending channel... It has been broken and prices are now above the EMA21 line.
We are seeing bullish action develop since Nov. 5th.
The RSI is now looking good with bullish divergence and higher lows:
It is already moving higher, with lots of room left for additional growth.
Additional information and targets can be seen on the chart.
The red dashed-line works as the last low and can be used as a stop-loss as well. (We use manual stop).
Feel free to share your thoughts in the comments section.
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Namaste.
COMP/BTC (4H TF Bear Flag?)💎Technical Analysis Summary💎
BINANCE: COMPBTC
-After breaking the key level of support at 0.0116 sat
-The price keeps falling and now it is also breaking its local support
-This could be a small Bear flag that could fall the price down to 0.0088 sat
-If you are waiting for a trend reversal, it might take more days or even weeks
-But if you are playing on the Bearish side
-This might be a trigger event on your strategy
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COMP/BTCIs it me or is this set up as about text book as it gets? Cup and handle set up beautifully here 8)! I would at least expect this to run back up too the .0226 sat area. Of course btc could crash to low 9’s and invalidate this idea, but still worth the risk IMO with a stop right below the bottom of the cup. Good luck!
#COMPBTC (Long Term) 8/20 Risky #COMPBTC (Long Term)
Buy : 0.01561500 - 0.01445168 - 0.01337503
Target 1: 0.01639575
Target 2: 0.02108025
Target 3: 0.02732625
Target 4: 0.03903750
Stoploss: 0.01303251
Signal R/R: 10% / 150%
Net ROI : 50%
Invest: 3%
Duration: 15-90 days
Confidence in Trade : Medium
we ask Allah reconcile and repay.
