COMP
COMP/BTC Critical Level @ 145001. Watch reaction @ 14500 (black)
- flip as support --> higher lows made --> bullish MS --> target weekly supply @ 21000
- reject --> lose 12500 as support (blue) --> return to daily demand @ 10500 (green)
COMP is one of the few coins that made a higher low (with the daily candle close, wicks's don't count)
Many others aren't out of the woods yet
Let's see how this plays out!
$COMP/USDT 1h (Binance Futures) Descending trendline breakoutCompound is looking ready for recovery after that local break-out.
Current Price= 494.81
Buy Entry = 497.60 - 473.70
Take Profit= 567.50 | 617.90 | 688.90
Stop Loss= 430.91
Risk/Reward= 1:1.5 | 1:2.42 | 1:3.71
Expected Profit= +33.70% | +54.46% | +83.70%
Possible Loss= -22.54%
Fib. Retracement= 1 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 3 days
COMP/USDT ANALYSIS, LOOKS WEAK, POTENTIAL SHORTNow we analyze COMP/USDT. We see here the major bearish divergence which signals a downward movement. If this downward movement takes places
which looks very likely, we can see a move to support at $608, if we can breach $740 and keep 4HR candle above it then we can see possible move upwards, I
am not taking position here but best bet is a short to $608, take profit at $640 to protect funds and always use proper SL, here are the important levels, also
lots of selling on MAC so watch that as well.
Support: Local $706/$608
Resistance: Local $859/$909
Always use SL to protect funds, use 3% or your best judgement.
$COMP, Making a new YTD high...$COMP
Making a new YTD high and starting to cross ~.016 sats resistance(?) level
Volume also showing strength after the dip that the entire market showed a few days ago
Looks good (aim for a R/S Flip as entry above this level if happens)
Still 50% away from 2020 highs
#COMP
DeFi tokens comparison vs their own Index In this chart we have a birds-eye-view of most DeFi perpetual swaps against the DEFIPERP index (an index with around 25 defi tokens)
RUNE and SOL immediately come to attention as the biggest overextended pushers.
CREAM, KNC, COMP biggest laggards against the index.
This is also subjectively bullish since coins that underperform generally tend to have liquidity rotation into them at some point.
CREAM for example is one of those that seem to gather some hype on social media. Worth to keep an eye.
COMPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has broken its resistance line and is starting to move upwards. We can buy for the above purposes
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck! Hello to you all. Mars Signals team wishes you high profits at all times.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
COMPUSDT Hello to you all. Mars Signals team wishes you high profits at all times.
At the moment, the price has penetrated below the line, but if the resistance line is broken and the price stabilizes, it can touch the above targets.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
COMP next leg up soon ?COMP / USDT
price try to breakout strong resistance line
and show some accumulation below it
Dont forget this is resistance zone
So drop from here is easier than Breakout
So ..Only and only after breakout confirmation or after retest ....we can have potenial leg up
Best of wishes
COMPUSDTI got a feeling that too many of you guys are stuck in this coin day trading.
I did a great jump up, FOMO happened and here comes the dump.
If you still got it and your liquidation point isn't anywhere close, hold it.
It's got 2 strong supports + a strong lower Bollinger band which can activate support even more and stronger than before.
It's an alt coin so you won't end up losing money if you don't panic sell now.
This is not a trade setup, it's for the people who already bought this coin and are having panic sells.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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