COMP/USDT Time For A Turnover! Hey traders 👋
COMP/USDT pair is next on our watchlist with a good potential for a turnover here. COMP had a massive bullish run which resulted in more than 220% of price movement without any major corrections.
P.S. Remember that weekends are not the best times for trading so do keep your risk management in order!
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COMP/USDT (LONG NOWWW)Previously i posted my analysis of COMP when it was at 50$ range and clearly indicated the upcoming gains and also the important zones that will be followed.The price action followed our analysis and ranges 100% accurately.It went to the resistance zone of 86$ and now retested to the zone of support 68$.
Now, its time to retest the 86$ resistance again.As indicated in the chart a double bottom is created at the support area of 68$ which is indicating the uocoming retest.So it will be wiser to have a LONG position now.
#COMP/USDT
Entry: 68.5-72
Take profit: 81-86
Stop loss: 63.88
STAY PATIENT
STAY SAFE
COMP is still bullishHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the COMP symbol.
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
Brief Analysis ——COMPAs a representative of liquidity, lending protocols are important to Defi. Based on the outstanding performance of COMP last week, we have a brief analysis of the tokens for three major lending platforms today. They are AAVE,COMP and MKR.
Since the second half of last year, the price of COMP has remained below 70, and has broken through 70 after the rising last week. Relative to AAVE, the gap between bulls and bears is wider for COMP. Since late June, the volatility of COMP has risen, long green candles have appeared, and the rise is continuous. While bearish power is visible, the red candles are short and not steep in slope. The bulls took control. On a large scale, it turned bullish.
Conclusion: Mostly fluctuation. There was a more obvious pin-bar last Friday. Bears gain strength. The gap between bears and bulls narrowed. So we come to this conclusion. We set resistance level at 85 and support level at 54.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Compound Token (COMP) Analysis 08/03/2021we had our previous Publications TP Achieved
currently we can see a Bullish Hidden Divergence of price with MACD, which is the sign of trend continuation,
using Fibonacci Projection for the Target Specifications.
1TP is the parallels leg of Fibonacci projection and easy to achieve by nest impulse wave after the current retracement.
if 2TP triggered with the first rally then we may have a price correction and our 3 TP is confirmed.
COMP: Resistance BreakoutCompound (COMP) technical analysis:
Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption, with upside potential to $93 resistance.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, which it broke, then $93.
COMPUSDT time to shortThe current status of the BINANCE:COMPUSDT is as follows:
The BINANCE:COMPUSDT has experienced a great rally and has moved directly towards one of the historical resistances at $75.
However, we are seeing divergence in the rsi indicator in both the daily and 4-hour timeframes, which indicates a weakening trend and also a good opportunity for those who had long positions to exit.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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#COMPUSDT #LQR #TOBTC #LaqiraProtocolThe price is in The channel. The confluence of static and fib levels and the channel ceiling Level after confirmation and matching with bitcoin levels can be a good opportunity for sell trades Scalpe support is also clear after confirmation and matching with Bitcoin levels you can open long positions This analysis is not an offer to buy or sell
COMPUSDT - if break goes plummet
preconditions for well break a trendline.
1. Beautiful a trendline
2. Historical level the daily chart
3. Nead confirmation a sell zone
I have two scenarios, and I want to make some money.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
