COMP/USDT Can we see further fall? Hey traders 👋
COMP coin is next on our watchlist. We are looking for coin to show some furthermore weakness on current support zone. We are looking for natural 7% downfall here but from there we see a good potential for a breakdown and a crossover of RSI lines which would lead to more serious fall. Keep your eyes opened!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
COMPUSDT.P trade ideas
✴️ Compound Major 60% Correction, What Now? 100% Bullish!Compound followed Bitcoin and the rest of the Crypto-market in the recent panic crash and resumed its correction. This led to a wick low yesterday of 35.
This 35 is equivalent to the March 2023 support and May 2023 low before a stop-loss hunt event. This same level matches the 0.786 Fib. retracement level for the June-July bullish wave.
A 60% drop is a strong correction, the RSI went oversold on the daily yet the trading volume is relatively low. What I am trying to get at now is that this can very well be the correction low.
If we were ready to see a rise before, imagine now after this major flush.
The stronger the drop, the stronger the recovery that follows.
Technically speaking, Compound continues 100% bullish based on the fact that it trades within a higher low.
There can be some sideways before the next jump or more likely a fast resumption since the drop was caused by whale selling rather than retail.
✔️ There will be many opportunities now.
✔️ Each chart must be treated separately.
✔️ Patience is key.
Thanks a lot for your support.
Namaste.
COMP: Oversold at SupportCompound (COMP) technical analysis:
Trade setup : After 3x-4x gains from June’s lows of $20-30 to highs of $85, traders have been taking profits (selling pressures). However, price is now oversold (RSI < 30) and near $47 support level (also 200-Day Moving Average), which could be a swing entry in Uptrend. Fibonacci levels are $62 (38%) and $47 (62%).
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $47, then $36. The nearest Resistance Zone is $60 (previous support), then $70, and $86.
COMPUSDT-is Bearish Flag PatternCOMPUSDT is exhibiting a bearish Flag Pattren, with no divergence observed. The chart indicates the formation of a Bearish Flag Continuation Pattern. and break the sideways movement, the entry price is market price and the stop loss is placed above the resistance level.
✴️ Compound Up Close (Correction Ends, Bulls Prepare Up)Up close, Compound is looking really good when it comes to the end of the corrective phase that started mid-July, let's dive into this chart.
COMPUSDT 4H TF
A low happened 9-July and all action is happening above this level, giving us a strong signal of strength.
The current price trades above 0.5 Fib. retracement which was tested twice and holds.
Finally, volume dropped massively after 7-Aug, telling us the correction lost strength.
After going sideways a few days, COMPUSDT is now moving above EMA50 with EMA21/10 already behind it and the indicators going bullish. MACD above zero and RSI above 57.
All these signals are pointing to the correction reaching its end.
Stronger support available lower and above $62 the bulls become really strong on this timeframe.
✔️ Once COMPUSDT moves and closes above this level, we can expect a new long-term higher high.
Let me know in the comments if there are any Altcoins you want me to look at, meanwhile I shall update the ones moving strong.
Namaste.
COMP USDT PERPHello Trader BINANCE:COMPUSDT.P
looking at the previous chart there was a block order at 57.48
and the area rejected to go down. now still in the rhythm of the pattern
still strong to go up. long area at 55.21 or can be market price
from now on
Please add a comment and Positive feedback and
constructive criticism are important to authors and the
community.
Disclamer: Not Financial Advice
comp technical Analysis#COMP Technical Analysis
NYSE:COMP had break down its major support line, and currently trading at 55.5$ the.
The next support is 51$ and it has alteady tested it once,
it will test again this support if its breakdown below it than the next level will be 46$, That i will suggest the best point to dca yous position,
or may be this will remain between 55-51$ price for quite long term if this happens than we will see some good price in comp.
But for Now the party has been already over for comp arriving late in the party always is not good,
advice: don't try to enjoy the party that has already been over
COMPUSDT Can Explode at Any Moment | Compound Analysis Today💎 COMPUSDT is showcasing an optimistic outlook, poised to accelerate its momentum imminently.
💎 Notably, COMP has been tracing the Elliot Wave sequence from 1-5. Post this wave, the price underwent a correction and revisited its support.
💎 At this juncture, COMP has secured liquidity and seems prepped for its subsequent ascent. Yet, caution is advised as a dip below the $49-$47 support range could alter the course.
💎 The primary and secondary support zones emerge as promising entry points to capitalize on this anticipated bullish surge.
💎 In the ever-evolving realm of crypto, staying informed is the key to thriving. Stay tuned and navigate your trading journey wisely with #MyCryptoParadise.
Comp analysis (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the COMP symbol.
comp can go up to targets by breaking the TL line. If it reaches the green box once again, it is suitable for oscillation.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COMP USDT PERP Hello Trader BINANCE:COMPUSDT.P
comp usdt. retail block order area
long position at 56.89 to 56.27
can be limit buy in the area
area because usually bounce back support area
Please add a comment and Positive feedback and
constructive criticism are important to authors and the
community.
Disclamer: Not Financial Advice
✴️ Compound Likely To Recover (Resume Growing)The daily chart looks crappy and it is hard to predict when a correction will end but the 4H chart is starting to show some early recovery signals.
Compounds (COMPUSDT)
We have 5 signals that are pointing towards and up-move.
Remember, if this one moves everything else does the same and many are already breaking bullish.
1) Higher lows. This can be seen easily on the chart so it needs no explanation.
2) High volume on the last session, several times above the average.
3) Double bullish divergence. With the MACD and RSI.
4) Bullish hammer and Doji. Both can work as reversal signal, the Doji with high volume giving strength to the hammer.
5) Altcoins market continues with a bullish bias.
The hammer is invalidated on a 4h close below $54.
The chart in general can change but as it looks now, the bulls are waking up.
Namaste.
Triangle Pattern | $52Daily Chart
Compound BINANCE:COMPUSDT is in the triangle pattern and trading at 63.9x
Compound rejected 3 times from the support. That means it can go up to the resistance around 72 or further higher trend line
If Compound close below 60, it will go down the support around 52
Wait for next move
looking for a correctionMy previous idea stoped . Sometimes we have a multiple wave for wave 3. Therefore, the 3rd wave can be completed and we are now completing the 5th wave. Divergence is also evident between waves 3 and 5. The distance between the peaks and the previous bottoms gradually decreases.
Therefore, I still expect that we have a wave-like correction before climbing to the $93-$117 range. In this case, the range of $63 and $52 will play the role of strong supports and it is unlikely that the price will be able to fall below the range of $52.
The general trend of this coin is upward and it pursues high goals, and the period of this analysis is short-term.
