COMP Correction Comp is currently in a correction after a massive run. Based on the elliot wave theory, we’re in an ABC correction looking to retest the support zone. It was clear that COMP’s momentum was slowing down after Wave 3 and 5 struggled to break resistance. I expect a bounce after Wave A, but ultimately I see COMP completing Wave C to my labeled target.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
COMPUST trade ideas
COMPUSDTPERPAfter reaching the resistance, the price of this currency is settling down and has formed a range zone. It is expected that when the price falls below the range zone, we will see a drop in the price and the formation of a hard twin pattern, and the price drop will continue to the lower areas.
COMP 200% increase in open interest ¿? - Cryptoz18█ Operation Information
COMP has had a 200% growth in open interest since the small downtrend began and currently testing the 6H trend I take a small short with a wider SL than usual mainly because of the volatility that open interest can generate
█ Operation data
• Entry price: 52.74
• StopLoss: 54.77 (Loss 3.92%)
• TakeProfit Minimum: 50.53 (Win 4.19%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
✔️ Data: The user is recommended to move the StopLoss to entry once we reach the TPM or also known as the Minimum TakeProfit.
In this way, if the trend is good for a longer timeframe, it will never touch the StopLoss placed on our entry. We will only have to pay the commissions in case we get the SL at the entrance.
Being a 15-minute trade looking to take a 4H trend it is likely to have a fairly low Winrate due to the tight StopLoss however this offers us better risk management. We try to take a 4H trend using SL and TPM of 15 minutes.
This way, we seek to obtain a profit of 100% between all operations. Only 5% of the account per operation could achieve our objective and thus obtain a return of 5-7% per month of the total account. This will be reflected at the top of our profile.
]█ Explanation of how the operations work:
Here you can find a brief explanation of how the operations work in case you are interested in following them.
█ Warning
✔️ Blockchain or FX operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trade ideas publicly for the viewer to do their own analysis and decide to enter based on her own decision making. The viewer is recommended to have good risk management in their operations. To do this, take into account the fundamental data of Asset Volume, Market Capitalization, Supply, Percentage Change Price, Current Volatility, Perpetual Data, and lastly, proper Margin and Leverage management. Be careful, you can lose all your money in the future if they have poor risk management. Nothing more to say thank you very much.
✅TS ❕ COMPUSD: potentially bounce down✅✅COMP has reached a resistance level from which it can potentially bounce down. I'm expecting a fall.✅
🚀 SELL scenario: short to 27.6.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
COMP - Warning breakout done!Hi guys, hope you are doing fine. Please if you like my predictions hit the like button and follow. Im a day trader, that works with crypto from 2017. Besides technical things like charts I always look into fundamentals as well. Stocks behaviour are for crypto the most important things. I think we should keep an eye on COMP and see if its going to force the resitence at 56.70$. I opened some small long position right now because I want to check if im right. Stop loss is at 48,37$. This is the place where we have seen very nice volume. Good luck!
Compound Cup & Handle Breakout Target (45%)We have a perfect C&H pattern now breaking bullish on the COMPUSDT chart.
We have high volume, green candles and bullish indicators...
This is all pointing higher.
The target is set at 45% from the current prise based on the chart pattern.
There can be additional growth.
Namaste.
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Disclaimer: All the information shared here is intended for learning and/or entertainment purposes only.
Make sure to do your own research and build a plan/strategy before trading.
COMPUSDT | RESISTANCE ZONECOMPUSDT has approached its falling trendline and a horizontal resistance too. where bears once again can put pressure on the price and can put the price further down. The bearish candles formation near the resistance line will also confirm the downfall.
We are expecting the horizontal resistance will act and bears will take control from resistance zone. The break above horizontal resistance will bring bull in the party.
#COMP BULLISH PENNANT BREAK OUT!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LOMG COMP/USDT
COMP is making this bullish pennant pattern
Entry range:-CMP (CURRENT MARKET PRICE ) and add more up to $47.92
Target:- 100%
Short-term target:- 30%
SL:- break down below the lower support
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
COMP/USDT : Moving into a pennantBINANCE:COMPUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$COMP is moving into a bullish pennant and so, As you know bullish pennant target is calculated by the flag's pole.
Currently, We didn't experience the breakout yet and it has caused two scenarios for us :
- Take Long at the bottom of the pennant with an SL at $41 as active stop-loss on 4H TF.
- Take Long after a proper break above the marked resistance zone at $50.68.
The minimum target of the pennant is located at $70.10!
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
$COMP/USDT - Long - Potential 41.29%$COMP/USDT - Long - Potential 41.29%
Exchanges: Binance, KuCoin, Bittrex, Huobi.pro, FTX
Signal Type: Regular (Long)
Entry Targets:
1) 49.26 - 100.0%
Take-Profit Targets:
1) 51.79 - 50%
2) 61.16 - 30%
3) 69.66 - 20%
Stop Targets:
1) 40.17 - 100.0%
Entry Trigger - Breakout with volume
Trailing Configuration:
Entry: Percentage (0.0%)
Stop: Breakeven -
Trigger: Target (1)
COMPUSDT is creating an ascending channelThe price is creating a descending channel on the 4h timeframe after a rejection from 54$. Inside the descending channel, the price is creating an ascending channel and the price got a rejection from the dynamic and static 4h resistance.
How to approach it?
IF the price is going to have a breakout from the support, and retest the support as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Long idea COMPThinking this time the breakout from this macro trend (resistance) is different as price action and the lagging strand has managed to find it self above the cloud on the 1 hour. There seems to have occured like a floating retest (not 100% on this terminology) with a sort of mini flag formation here.
Target overhead is 2 x the risk, which takes us to revisit the local high once more.
COMP/BTC looking very healthy.
Compound (COMP) formed huge Gartley for upto 856% big pumpHi dear friends, hope you are well and welcome to the new trade setup of Compound (COMP) token.
On a monthly time frame , the price line of COMP has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
COMP - Clean trendline to shortReasons to take long:
⭐️ BTC is bearish
⭐️ Updated previous high and trapped a lot of bulls
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ 4th touch of the level
⭐️ 40 ATR
⭐️ Under VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
📊 COMP broke the downtrend channel. What's next?Hello, dear TradingView members.
This idea is a COMP analysis.
COMP also broke the downtrend channel a few hours ago, and we're waiting for more confirmation.
The upper band of the downtrend channel can confirm the breakout and work as support.
Another support level is also static and shown on the chart.
The price is now testing a resistance area, and it can reach the potential targets shown on the chart in case of crossing.
Scenario one:
The price will increase, and the buy volumes in the market can help the price reach the potential target levels.
Scenario two:
The price will lose Buy volumes, get rejected by the static resistance level, and fall into the support zone.
RSI is showing overbought signals, so be careful with your long positions.
The Speedometer indicator shows Sell volumes on the market for COMP on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
