COMPUSDT trade ideas
COMPUSDT - BREAKOUT COMINGCOMP is consolidating in the form of this large falling wedge formation at a historically strong level of demand, we can see the range is tightening and price is coiling up for a potential breakout to the upside. Waiting for a confirmed daily close above the confluence of resistance for a confirmation then will be dropping to 4hr and looking for a entry on the retest.
COMP/USDTCOMPOUND trend in falling wedge where make a bottom at 279$ and then test it three times ..so my conclusion is "that is a solid bottom :)" then broke falling wedge pattern make support on golden pocket 315$ ..now need to flip resistance to support at 338$. where make a potencial W pattern/bullish ..potencial long price is on the chart..cheers
COMPOUND- COMPAfter hacking fud on compound, price went lower. I believe that the price is so cheap for the biggest lending project in cryptocurrencies. There is a shape of falling wedge or falling channel(whatever you call that) in the chart and it waits to be broken soon. It needs to stay above $363.
Dont sleep on it ;)
Hack haberlerinden sonra fiyat oldukça aşağı geldi, bana kalırsa güzel fiyatlanacaktır, grafikte kırılım gelmiş gibi gözüküyor $363 seviyesi hareketin devamı için geçilmesi gereken seviye.
COMP - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
COMP is overall bullish and now approaching the blue trendline from Daily acting as a non-horizontal support, so we will be looking for buy setups.
on H4: COMP formed a wedge pattern in red but it is not ready to go yet.
Before we buy, we want the bulls to take control.
Trigger => Waiting for a momentum candle close above the last swing high to buy (gray area)
Meanwhile, until the buy is activated, COMP would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
COMP Long. +73%COMP has been in a parallel channel since the beginning of February, with the exception of the break-out to ATH between April and May.
Some really positive signs:
1. Price currently hovering at strong support / bottom of parallel channel.
2. Approx. 3-week accumulation phase coming to an end
3. Descending wedge break-out
4. Previous bounces off the same support have generally seen quick price increases
5. Bullish divergence on the daily
5. Bullish overall crypto market
Open: 311.8 - 292.7
TP1: 339.4
TP2: 373
TP3: 405.9
TP4: 460.6
TP5: 539.7
SL: 260.3
Approx. +73% gain. GL.
DYOR.
COMPUSDT May Create an ALL-TIME HighAccording to my analysis, it may but i must use a very tight stop just in case it's going for an all time low.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
BINANCE:COMPUSDT
