Head and shoulders forming on 15m chart Something to keep your eyes on. While all alt coins are on the upside there could be potentially huge gains with NYSE:COMP coming soon.
COMPUSD trade ideas
A look at COMP waves (1D)It seems that COMP is currently in wave D of a complex pattern.
Wave D appears to be a diametric, and we are now in the early stages of wave E of this diametric.
By maintaining the green zone, it can move toward the red box.
The first target is $99, and the second target is $114.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
COMPUSD - Looking For BullflagThis upper dotted line in red can be recovered in one move, allowing it as a support.
If this occurs it is a strong case for the COMP bulls as this line has been seen as support before (green circles)
Good entry point to watch.
Daily timeframe
WHATS FLOWING: CRYPTOS (BUT, A NO DEAL FOR ME) SEE WHYCurrently, DOGEUSD, ALGOUSD, UNIUSD, COMPUSD, and FLOWUSD are all exhibiting short flow, yet the price levels are positioned dead center between the recent highs and lows.
This is what I consider a "no deal" for me—meaning there's insufficient price action near the key support or resistance levels for me to confidently enter a position.
In this situation, the potential risk-to-reward ratio isn't favorable, and I prefer to wait for the market to move closer to significant breakout points or extremes before considering a trade.
Essentially, without a strong move toward a high or low boundary, there isn't a clear enough setup to justify entering these short trades at the moment. Staying on the sidelines is often the best option until the price action gives a more decisive sign
COMP Key Support Levels and Potential Bull Run Targets for 2025COMPUSD is currently demonstrating strong support at the $43 level, presenting a promising opportunity for significant gains. If this support holds, it sets the stage for a robust upward movement. However, if the $43 support level is breached, the next critical support is $32. There is an 80% probability of a bounce from this level, especially with the alt season approaching rapidly. Historical trends indicate that the alt season will likely culminate by November or December 2025.
The potential targets for COMPUSD during the anticipated bull run are impressive. Based on historical data, the minimum target stands at $1,730 to 2000$. Should COMPUSD break through this resistance by February or March 2025, we could see a maximum target of $3,000. It is crucial to remember that the alt season is expected to end in November or December 2025, and it is advisable to exit the market in November 2025.
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#COMP/USDT#COMP
The price is moving in a sideways channel on the 4-hour frame and we have a green support area at the 76 level
We have a higher stability moving average of 100
Now we have a nice breakout coming up
Our RSI indicator has a well reliable upward trend
Entry price is 90.00
The first goal is 99.30
The second goal is 107.27
The third goal is 118.37
Wyckoff accumulation on compHere is the trading range for COMP. This looks like accumulations to me. The arrow is the spring and the purple box is where the SOS should be. Price looks to be breaking out with upside target of 66 dollars in the short term.
Compound weekly time frame. Compound has been sideways and consolidating under 77.50 for a staggering 94 weekly bars(candles) which is equivalent to 651 days. COMP has wicked above 77.50 on the weekly time frame a few times but its been short lived. No weekly candle has closed above 77.50 in 651 days but our current weekly candle can potentially achieve it in 5 days.
If Compound starts to break to the upside and play catch up we have 4 major levels we can expect COMP to visit. First area would be 92.61 which is definitely going to be a huge level of resistance. Next we have our purple trend line that could cause a slight rejection. Current price for the trend line is at 113. Could see a rejection off the trend line(113), retest 92.61 area before continuing to the upside. Refueling in other terms.
Last two levels of resistance would come in at 126.75 which again looks like a future strong level of resistance because it was both support and resistance in the past. Lastly our red box of resistance is drawn on the upper candle wick from March 28 2022 which was a high point we plummeted from. Bottom of the red box is 171.50 and top is 175. Current price at 82.01 to 175 would be a 115% gain. That move could come through very rapidly in these amazing market conditions.
When 175 level is achieved we could reassess to see what the market conditions are and what Bitcoin is doing. This will tell us if we should look into ALL TIME HIGHS or for levels of support.
Expect turbulence at these stated levels above. But if Bitcoin continues its impressive parabolic movement the sky is the limit for many of these alts. Happy trading.
COMPUSD 1D SLOW ZONEOBV is flat at the moment and hitting resistance.
If it can brak this, we can see movement towards 57-59.
59.5 is the next good resistance co-inciding with .618 Fib
Looks like a consolidating zone between 53-56
COMPUSD (1H) - Bearish breakoutHi Traders
COMPUSD (1H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 51.85 support level. Only the upward break of 53.50 would cancel the bearish scenario.
Trade details
Entry: 51.85
Stop loss: 53.50
Take profit 1: 50.83
Take profit 2: 49.18
Score: 8
Strategy: Bearish breakout
COMPUSD (4H) - Bearish reversalHi Traders
COMPUSD (4H Timeframe)
Waiting for the downward break of 52.93 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 60.00 would cancel the bearish scenario.
Trade details
Entry: 52.93
Stop loss: 60.00
Take profit 1: 48.57
Take profit 2: 41.61
Score: 7
Strategy: Bearish reversal
COMP Price Teases Trinagle Break!COMP currently showcases a triangle pattern in its daily chart, indicating a potential for volatility change.
The price action within the triangle suggests an upcoming bullish cycle, possibly leading to a breakout.
A successful breakout from this pattern could propel COMP's price to approximately $75.
Despite market fluctuations, COMP’s price movement has been forming this symmetrical triangle for over six months.
This pattern suggests a compression phase with limited volatility between two boundary trendlines.
COMP's recent trend reversal from the support trendline is now testing the upper resistance trendline, hinting at a bullish shift.
The formation of a morning star pattern at the 38.20% Fibonacci level further bolsters the likelihood of a bullish run.
COMP is trading at $58.55, with a 2.07% increase, showing bullish momentum in the latest trading cycle.
The daily RSI is on an upward trajectory, nearing the 80% mark, signifying strong bullish momentum.
The 50D and 200D EMAs are providing dynamic support and exhibit a positive trend post the golden crossover.
If COMP breaks out successfully, it could retest its previous high around $77 and potentially surge towards $100.
Conversely, if it faces resistance at the current trendline, the price might drop towards the $50 level.
Compound altcoin chart. Showing increasingly bullish trends.Compound alt-coin looking in great shape going into 2024.
compusdSometimes a chart itself shows us the right path and tells us to buy and be patient, but how much we trust it is the task of a trader. I show what I have done and I always weigh my tolerable loss before considering possible profit. It is a good option with respect to capital management.
COMP Compound the Swings Up to 53-61 then down to 18-22? Watch!!Not financial advice.
Please like comment and follow
Simple pattern recognition
Play the swings
Up to 53-61.75 then down to 18.00-22.00?
If history repeats itself this would be the play.....
COMPUSD (1H) - Bullish reversalHi Traders
COMPUSD (1H Timeframe)
Waiting for the upward break of 40.95 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 38.99 would cancel the bullish scenario.
Trade details
Entry: 40.95
Stop loss: 38.99
Take profit 1: 42.17
Take profit 2: 44.16
Score: 5
Strategy: Bullish reversal
COMPUSD (1H) - Bearish breakoutHi Traders
COMPUSD (1H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 42.510 support level. Only the upward break of 45.550 would cancel the bearish scenario.
Trade details
Entry: 42.510
Stop loss: 45.550
Take profit 1: 40.640
Take profit 2: 37.600
Score: 6
Strategy: Bearish breakout
Long Comp to $58Got stopped out of my last position in COMP due to a trailing stop. Not mad tho. Ended up with 21% profit in the pockets. I hate to be out of this trade esp. since the MM's have been moving everything up during off hours. This bull flag here looks primed and prepped. Additionally, we have a hammer candle on the daily. Entry was 43.73. I'll target 58. SL will be 39 but trail upon profit as always.
Not fin advice.
Best,
Stew
flagsThis could be a bull flag and we could see a retrace up to around $64 before a retrace. Keep an eye out and well see how this thing plays out. Long term hold overall on COMP/USD.
This coin has a lot of potential to go a lot higher than $100 from its low point which we were at this past week with the rest of the market.
good scalp profit at $64 but over the long term this will be a highly profitable coin. Keep it on your radars.
COMPUSD Huge bullish divergence can take it to 130.COMPUSD is consolidating under the MA50 (1w) since mid August with the RSI neutral/ borderline bearish.
There is a Rising Support on the RSI (1w), which is filled before every rally.
The Support Zone has priced all 3 of those RSI bottoms.
Trading Plan:
1. Buy the next pull back on the Support Zone.
Targets:
1. 130.000 (Rising Resistance as well as slightly under Fibonacci 0.5).
Tips:
1. The RSI's (1w) Rising Support is a huge Bullish Divergence. Those are typically formed during long term market bottoms and usually an aggressive break out follows. The next rally can be even stronger than we expect.
2. The MA100 (1w) is the last Resistance standing and its crossing can potentially accelerate the rally we just talked about.
Please like, follow and comment!!
[C-006] CompoundTrading idea number C-006 | Compound could raise to 43/45 USD area.
The RSI is below 50. The MACD is above its signal line and is negative, price is below its 20- and 50-period moving averages. In addition, the pair is trading below its lower Bollinger band. All this shows a state of strong oversoldness following yesterday's price collapse that brought prices back to the support line of the lateralization channel from which we expect a rebound. To support our bullish thesis we also see a first bullish divergence
📈 Long Entry at 40.74
💰 Take Profit at 43.00
💸 Stop Loss at 39.85
COMP Trade UpdateTraders,
Just realized I wasn't able to post the very fortunate trade entry that was made by me during our most recent flash crash a few days ago. I missed this post due to being briefly banned by TradingView for inadvertently violating House Rules.
Long story short, I happened to be sitting at my computer that evening and was perusing the charts per the usual manner. I noticed that COMPUSD had reached its target down from the recent Head and Shoulders pattern seen. But because the selling pressure was so heavy I decided to set my buy order even lower per chance I might get the order triggered and filled. Therefore, I looked for the next best level down and found that level at 35.55. This is where I set my buy order. Lo and behold it was filled! In fact, my chart which gathers data from the Coinbase exchange here, shows the candle wick bottomed only a few cents lower at 35.43! This, traders, is why charting levels, trends, and patterns can be very helpful.
Technical analysis is not always right. In fact, we have to count on a good percentage of our analysis being wrong. Such was the case in quite a few of my last entries which were stopped out during this flash crash. But TA gives us much better insight into what the probability of the trade becoming profitable might be. Pair TA with some fundamental analysis and you are well on your way to becoming a seasoned trader.
Back to this chart. You can see that we remain in the H&S Target box. From a technical perspective, this remains a good re-entry area.
Here are the positives:
RSI back above support
RSI still near oversold
Price in H&S Target Box
Price above good support (red area)
Here are the negatives, including fundamental considerations:
China FUD re: Evergrand bankruptcy
Elon FUD selling BTC
Macro-economic uncertainty = risk-off
Fed Powell Speech Friday
And one TA negative is that current candle is a shooting star
As you can see, technically the trade remains in your favor. But there is a lot of FUD out there. Be cautious. Never risk more than you can afford to lose.
Best,
Stew
