COMPUST trade ideas
COMPUSDT 3/30/2022Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
I'm not an expert.
Just like you, an ordinary person. :)
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Hello Guys! I'm back making some publicly published technical analysis in tradingview. From November 2021 up to March 2022, I'm busy in my workplace having a lot of workloads to be done on time. Right now, I'm free to published as much as I can. So, I'm back in trading cryptocurrencies actively. Unfortunately, some TAs I made did not playout well. Sorry for no updates for several months.
In August 2021, I made a bullish and bearish technical analysis for COMPUSDT. Unfortunately, the Bearish scenario playout. Here, is the previous TA:
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For the present price action
Elliot Wave Counts
Along as the price stays to hold above $ 93.30, this Elliot wave count still valid. There is a high probability that price might have bottom or in the process of bottoming. After reaching the highs at $ 911.00, the price is moving downwards for about 10-11 months and get lowers as low as $ 93.30. I think bulls may step-in as bears already exhausted selling some bags. Note that wave 1 of wave 3 has not yet started. Maybe in the future it forms wave 1 of wave 3. There is resistance at $ 200.00, $ 313.60 or 50.00% Fibonacci and $ 417.50 or 61.80% Fibonacci that need to be broken. If it continues to move up, this uptrend may last for 9 months or in December 2022. If successful, it has a potential 30x gains.
Weekly
Selling pressure is declining and forming a bullish divergence in MACD but needs RSI to stay above 50 Level to be bullish.
Daily
Short term resistance at $ 165.00, then $ 200.00 after.
4HR
In the short term, it looks bullish.
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
I'm not an expert
Just like you, an ordinary person. :)
🆓Compound (COMP) Mar-30 #COMP $COMP
Just had a very strong buying force of COMP and helped it conquer the $130 area and turn this zone into its support at this point. We can accumulate more COMP near the $130 zone for the $170 and $200 targets in April.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 130$ zone
🔴Buy : 140 - 130
🔴Sell : 170 - 200
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 130$ zone
🔵Sell : 130
🔵Buy : 110 - 95
❓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
Compound vs Tether Very Strong 250%, More Advanced Than COMPBTCCompound vs Tether is looking better than COMPBTC.
COMPBTC has higher potential for growth based on the chart technicals but COMPUSDT is already above EMA10 and...
We have strong trading volume.
3 Consecutive green weeks/candles.
A higher low compared to Nov. 20 2021.
Bullish cross on the MACD and RSI.
The same falling wedge pattern.
And as I just mentioned, prices trading above EMA10.
These are all bullish signals on the weekly timeframe, which makes them 7 times stronger than the daily timeframe...
Something good can happen next.
Namaste.
COMPU - Call me crazy!Hey Guys, do you missed some pumps we had in the last hours? I found COMPU and I have to say, I never traded this Coin, but it seems like it could make a big pump like some other coins did in the past.
It`s just an idea and for sure we have to take a look on BTC. Hope we close a bullish candle and make this trade happen.
Please, it`s not an financial advice. Always do your own research. I only share my thoughts and ideas.
Happy trading my friends!
COMPOUND looks to make a new high trend with breakout effect.Hello trading friends,
This is an update for COMPUSDT.
Depending on the study trend - we could enter a new high trend with a possible breakout of the compound.
Depending on the chart show, it shows the box close possibility trend.
60% + could be a possible increase trend for COMP coming time.
Don't expect to fast changes - market going on their way.
- This is not a trading call - Trade only depends on your setups.
Good time
