COMP | Compound Bearish Descending Triangle Indicating -30%COMP is forming what looks like a descending triangle. Volume is dropping and COMP's price has just crossed the MA50, which didn't offer much support.
Once Compound closes below $115, I think it's safe to assume that COMP is going to test its November 2020 low at ~ $80.6.
Let's see how this plays out.
Thanks for your support.
Have a good one.
COMPUSDT trade ideas
🆓Compound (COMP) Apr-17 #COMP $COMP
COMP is still holding on to its price after a strong rally from April 12. This could help COMP move further to the $200 zone in the near term. However, if it loses the $140 zone, it will continue to plummet and the support zones we might consider buying are at $125 and $110.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 140$ zone
🔴Buy : 140
🔴Sell : 160 - 180 - 200
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 140$ zone
🔵Sell : 140
🔵Buy : 125 - 110
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
COMPUSDT COMP/USDT!
Current Price: 154.5
Day Chart Pattern: Rising Channel
Weekly Trend: Falling Channel
Possible trend: Short Term Bearish
Pull back to establish Reversal Divergence
Possible retracement: Previous Daily High
Possible trend: Long Term Bullish
Divergence: Daily Bullish Continuation
Weekly Chart
Candlestick Pattern: Three White Soliders
(Weekly chart)
Volume: Positive Growing
Time Frame: Day Chart
My Targets: Probability can change.
Reward to Risk: 2/3
Possible Entry: 132 - 139
Resistance: 177
Long term Targets and Resistance
1. 177
2. 213
3. 252
4. 371
5. 565
6. 740
7. 900
8. Blue Sky Breakout
Stop Loss: Base on a Daily Candle Close.
Support 1: 132
Support 2: 95
Support 3: 88
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
COMPUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 150 - 170 - 190
after first target reached move ur stop to breakeven
Stop: 99 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
COMP breakout and retest!!!the comp managed to breakout and retest, according to my analysis the price will go up high if it succeeds in retesting, for take profit and stop loss you can see for yourself on the chart that I have drawn
You can reanalysis if you want
Don't forget money management and DYOR
Thankyou....
