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COMP

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.
Long
by altFINS
2
COMP/USDT Price Analysis: $92 Resistance Looms! Will the BullishTechnical Analysis of COMP/USDT: Bullish Momentum with Potential Retracement In this technical analysis of COMP/USDT, we will explore the current price action and trends of Compound (COMP) against Tether (USDT). Overview: COMP is currently trading at $66, representing a significant increase of 200% within a span of four weeks. The recent breakout confirmed on the weekly time frame suggests an overall bullish sentiment in the market, indicating potential upward movement. However, a retracement to around $46 may be expected before the next leg of upward momentum. Bullish Scenario: If COMP manages to surpass the recent high of $72, it could trigger an upward rally towards the strong resistance level at $92. This level should be closely monitored as a successful breakthrough might lead to further gains. It is essential to consider these resistance levels when evaluating potential price targets. Resistance Levels: $92 $174 $365 Support Level: The anticipated retracement could find support around the $46 mark. This level might provide a buying opportunity for investors looking to enter the market or add to their positions. However, it is crucial to exercise caution and wait for confirmation signals before making any investment decisions. Follow us for More Quality Updates. Thank you.
Long
by CryptoPatel
7
Double top.Assuming it’s a double top, if we don’t see a strong breakout with high volume above $71 We can expect a drop to at least $45 A bounce and possibly lower to around $35 but $42-$45 is a good entry point for a scalp Keeping in mind Comp All time high was $915, we see strong rejection around $71 but is a drop in the bucket compared to what it could be in the next bull run. With a 52% increase within the week and a 80% increase within the month Anything above $71 could trigger another push However on the daily we are currently overbought. Good luck and have fun with it!
COINBASE:COMPUSDShort
by Ncard137
3
The positive opening of the half-year supports the altsDue to the passage of an important time limit at the change of the half-year, I think it is worth considering the market situation. Last month, the reversal of monthly candlesticks on the tops, which I predicted, worked well, but investors were in no hurry to invest in altos until the very fact of a positive closing of the half-year and a signal for further market support. The most positive scenario for which there were all chances was the opening of the second half of the year above 2250 on the air and 32.5 on the cue ball, which would give reliable technical signals for continued growth to 2750-3500 and 37.5-45k, respectively. However, an opening above 1900 and 30k is at least a signal for a flat, with the probability of further growth remaining up to 70%. The absence of an obvious threat of a new drawdown of the tops is already enough for more or less reliable investments in altos, which is why the revival of individual coins since the last days of July is connected. On the inertia of last month, we can expect to maintain purchases on the tops at least until mid-July. In these two weeks, the altos have the opportunity to consolidate growth. In the absence of surprises from the foreign exchange market and the euro's drawdown to 1.060-75, the current bull run on alt may last until the middle of the quarter. In this regard, we are not in a hurry to throw off the coins that have grown, but have not taken the target levels. With a drawdown of the euro, we can see a pullback on the crypt on the retest of the monthly loy with a new attempt to grow closer to the middle of the month, while this option is less likely. So far, uft perl vib cvp remain in my attention with the highest priority, which from the current levels can show the greatest growth up to 3-5X. Also interesting are the wtc for dock ooki oax vite front epx burger amb with a potential of up to 2-3 from current levels. Also, fida drep hard wing returned to powerful supports, which can show powerful rebounds. Among the low-liquid assets, asr atm phantokens and torn and pnt coins with a potential of up to 3-5X remain the most interesting. For scalping with a potential of up to 50-70%, om snm pivx voxel df chess is also interesting. Among the strong projects at interesting levels are vidt and gft, which are suitable for more reliable investments in medium-sized.
BITSTAMP:ETHUSDLong
by Strateg_
COMP, CELOHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (COMPUSDT chart) Looking at the 1M chart, If the price holds above 63.70, a move up to the 111.96 point is likely. Looking at the 1D chart, We need to make sure that it is supported around 63.70-64.95. If it declines, you should check for support near 46.48-56.89. ------------------------------------- (CELOUSDT chart) Looking at the 1M chart, A volume profile section is formed at the 1.469 point. Therefore, it is expected that the full-fledged uptrend will begin only when it rises above 1.469. However, since the HA-Low indicator on the 1M chart is formed at the 0.774 point, buying is possible when it is confirmed that it is supported around 0.774. Looking at the 1D chart, The HA-Low indicator of the 1W chart is formed around 0.536. Therefore, the key is whether it is supported and rises around 0.517-0.536. Once supported and started to rise, 1st: 0.670-0.711 2nd: 0.774 Split selling is possible when resistance is received near the 1st and 2nd above. However, since it is currently within the downtrend channel, there is a possibility that the upside may be limited, so it is necessary to be cautious in trading. (CELOKRW chart) Looking at the 1M chart, Looking at the distribution of trading volume, it is expected that a full-fledged upward trend will begin when it rises above the 1035 point. Looking at the 1D chart, It is located at point 716 of the HA-Low indicator on the 1W chart. Accordingly, the key is whether it can be supported around 716 and rise above 762. If the price holds above 762, it is expected to break out of the downtrend channel. However, since the volume profile section is formed up to the 1035 point, it is expected that the rise will be limited. Accordingly, 1st: 847 2nd: 976-1035 Split selling is possible when resistance is received near the 1st and 2nd above. Below 675 is not an easy area to trade, so we recommend waiting until it rises above 675. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
COMP/USDT 1D: 75$ or more?! Hey guys COMP has broken its two-year downtrend line on the weekly time frame and started a strong bullish move accompanied by impressive trading volume. Currently, there are two resistance levels in front of it The $70 level is the ceiling of the trading range channel, and the $80-$100 range is a very important resistance level In the daily time frame, we see the breaking of the $50 level with strong candles There is a possibility that the price will return to the broken resistance or FVG or Breaker Block Please give your comments to improve my ideas Thank you
by Dealerify_HUNTER
2
Bullish Gain Amidst Bearish Signals - A Delicate BalanceCOMP is currently priced at $40, and it experienced a significant gain today. This suggests strong buying pressure and positive market sentiment surrounding the coin. In terms of technical indicators, the RSI is at 73, indicating an overbought condition. This suggests that the price may be due for a correction or consolidation in the near term. The EMA 50 stands at 33, while the EMA 100 is at 36. Both EMAs indicate a bearish sentiment in both the short and long term, as the current price is below both moving averages. The MACD is -0.18, suggesting potential downward pressure or a bearish trend. Considering the Fibonacci retracement levels, we have the following insights: 0 Fibonacci (23): This level represents a potential support level. 0.5 Fibonacci (30): This level also indicates a support level. 1 Fibonacci (37): This level suggests another potential support level. 1.618 Fibonacci (45): This level could act as a resistance level. The recent gain in price suggests a bullish sentiment, but it's important to consider the overbought RSI and the bearish indications from the EMAs and MACD. These factors imply potential downward pressure and a bearish bias for COMP.
by MonoCoinSignal
5
Bulls Defend Critical Support: #COMPUSDT Shows Signs of Uptrend🐂 #COMPUSDT bulls fiercely defending the $38 area, where the 78.6% Fibonacci support was twice rejected. The recent price action reveals a clean rebound off the uptrend trendline and the critical VolumeProfile demand zone. If this massive support continues to hold and #COMPUSDT can produce a new higher high, it is highly likely that we will see a continuation of the bullish trend. The next resistance level to watch is at the $50 mark.
Long
by MyCryptoParadise
COMP USDT | two trade opportunities !!Hello Traders, #COMP/USDT just broke the resistance level and the next major resistance will be 47 and I think this resistance is powerful enough to make the price decline a bit. so, we may open two trades, The first trade is trading the current resistance 🟢Entry price: from 42.5 to 40 🎯Target will be 47 🔴Stop-loss: closing daily under 40 the second trade opportunity is trading the breakout of 47 resistance level 🟢Entry price: closing daily or 4h candle above 47 resistance level 🎯Target: -> 58 -> 64 -> 70 🔴Stop-loss: closing daily under 47 (the resistance that became the current support)
Long
by Khaledzu
The sexy blonde 2 lockers down :) Pt2Continuation of previous idea posted May 22, 2022 Notes on how I personally use my charts/NFA: Each level L1-L3 and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic. Just my personal way of using this. This is not intended or made to constitute any financial advice. This is not intended or made to constitute any financial advice. FED Macro Situation Consideration: All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over. NOT INVESTMENT ADVICE I am not a financial advisor. The Content in this TradingView Idea is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained within this idea constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in this or in in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content on this idea post is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the idea/post constitutes professional and/or financial advice, nor does any information on the idea/post constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the idea/post before making any decisions based on such information.
Long
by TheBitcoinGeneration
2