COMP looking goodPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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Compound is one of the top 100 coins which have had a tough time competing with the surge in BTC price.
So if you're looking to move some of your BTC profits into an altcoin, Compound could be a smart choice.
- In the Golden Pocket
- RSI oversold
- Volume declining
How far do you think Bitcoin could go?
Compbtc
COMP/BTC buy the retest
COMP recently broke out of its resistance forming a higher high.
It is now retesting the very same resistance flipped support and seems to be holding well.
Open LONG position here and sell if the 4H closes below the line.
This line also happens to be the 50% fib retracement level.
MACD also is trying to flip green indicating a confirmation of bottom.
COMPBTC Breaks Descending Channel (Over 350% Mapped)Take a look at this descending channel... It has been broken and prices are now above the EMA21 line.
We are seeing bullish action develop since Nov. 5th.
The RSI is now looking good with bullish divergence and higher lows:
It is already moving higher, with lots of room left for additional growth.
Additional information and targets can be seen on the chart.
The red dashed-line works as the last low and can be used as a stop-loss as well. (We use manual stop).
Feel free to share your thoughts in the comments section.
Only hit LIKE if you enjoyed the content, it was useful to you in some way, or if you want to show some support.
If no, then don't hit like...
Namaste.
Possible trend reversal confirmation and next resistance levels*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COMP/BTC (4H TF Bear Flag?)💎Technical Analysis Summary💎
BINANCE: COMPBTC
-After breaking the key level of support at 0.0116 sat
-The price keeps falling and now it is also breaking its local support
-This could be a small Bear flag that could fall the price down to 0.0088 sat
-If you are waiting for a trend reversal, it might take more days or even weeks
-But if you are playing on the Bearish side
-This might be a trigger event on your strategy
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COMP/USD (Retest Key Area of Support?)💎Technical Analysis Summary💎
FTX: COMPUSD
-Compound Token is unable to break the trendline resistance
-It is facing rejection and might retest key level of support at 120s area
-My advice is to wait for the proper upside breakout before planing your entry
-You may look to enter with momentum breakout or wait for a pullback
-The upside potential is up to 180s area of higher
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Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
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A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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