comp analysisWhat if, What if not
COMP ANALYSIS
Comp gets kicks back from 294$ .It was the good support zone . Now it holding 167$ zone ,for me it is good time to buy and hold because Comp hits 900$ .
For my point of view Comp again go for 500$.
Short targets
1 221$
2 267$
#DYOR
#Supposing bear trend not started
Compound
MY NOT SO MINIMALIST ANALYSIS FOR COMPOUND$COMP (INDICATORS INCLUDED)
11.02.21
1243H +8 SINGAPORE
ALERT: ABOUT TO COIL UP - ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE
THIS IS AN AREA OF OPPORTUNITY: A ZONE FOR AN ENTRY.
Accumulation looks healthy. I think it will not break resistance yet until we see volume increase further. COILING towards STRONG SUPPORT and then BOOM!
You may enter now, It can make a sharp small dip DO NOT FUD.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
TARGET ZONES IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market.
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS (ABC), Price Action, FIB LEVELS, Market Dynamics, and especially trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors!
Note:
Master your Trading Discipline
, Trader's Psychology and Institutional Psychology
Vive Le Austist!
🆓Compound (COMP) Nov-22 #COMP $COMP
COMP has an important support at $280, it can still fall to $240 but we can already start accumulating COMP targets at $360, $440 and $520 in the near term.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 280$ zone
🔴Buy : 280
🔴Sell : 360 - 440 - 520
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 280$ zone
🔵Sell : 280
🔵Buy : 240
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈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
Power of Small Consistent EffortsHello Traders, 👋
Today I would love to talk all about the power of putting in small consistent efforts. Furthermore discuss the power of compounding and compound interest.
Putting in small consistent effort is ideal for anyone, regardless of experience.
Whether you are new to trading, trade forex, trade crypto or even want to find a new hobby 🏑🏓🎺🎸
1.00
The first equation is simply the number 1 raised to the power 365.
The power 365 simply means 1 x 1 x 1 x 1 etc... 365 times. Anything multiplied by 1 remains unchanged, so the result is 1.
But what happens if we add 1% to that?
1.01
1% bigger than 1 is 1.01.
So if we take 1.01 and we raise that to the power 365 — so in other words, we multiply 1.01 x 1.01 x 1.01 x 1.01 etc... 365 times. You will be surprised that it equals 37.8 notice that this is almost 37 times bigger than the answer to the first equation above! 🤯
This is the result you’d get if you “did just 1% more than usual”.
The difference in effort is just 1% a day, it’s tiny!
If you can work on your trading 1% more than you are currently doing, every day. You will end up with a considerable amount of impact from that work.
Whereas if you don’t do that little bit extra every day, you will be making zero progress and contain the same knowledge as you did a year ago, maybe less.
Little steps, done consistently time and time again, compound into big, big differences. And not taking those little steps, makes the effect almost disappear.
"Compound Interest is the Eighth wonder of
the world.
He who understands it... Earn it.
He who doesn't... Pays it."
~Albert Einstein
In simple terms compound interest is earning interest on your interest.
For example
If you was trading with $1000 and you made on average 10% per month, you would reinvest your earnings each month to make interest on them. This is called compound interest.
+++++++++++++ Profit/Interest
Month 1 $1100 +$100
Month 2 $1210 +$110
Month 3 $1331 +$121
Month 4 $1464 +$133.1
As you can see each month your profit is increasing. This is because you are making profit on your profit.
The earlier you start compound interest the better. This is something millennials should learn in school!
I know most people want to jump on the million dollar deal and get rich quick.
But if you took a single penny and doubled it everyday, by day 30, you would have $5,368,709.12.
However, it's important to note that it's all about the power of doubling. If you asked the same question, but changed the doubling time to just 27 days, you would only have $671,088.64
If you are struggling on your trading journey, do not give up!
****The first step of every successful Trader : FAILURE****
Do not let a little failure scare you away from being consistent.
Thanks for taking the time to read my post! 💖
Please check out my other trade ideas!
🐱🏍🐱🏍🐱🏍
$COMP/USDT 12h (Binance Futures) Falling wedge breakout & retestCompound just regained 50MA support and looks ready to push higher towards 200MA resistance, let's not miss next dip!
Then, we'll see if strong enough to break out of the big symmetrical triangle and start a massive bull-run.
That DeFi / BSC governance token is a DAO lending protocol, also part of Polkadot & Avalanche Ecosystem, more info on compound.finance
Current Price= 348.23
Buy Entry = 343.23 - 331.29
Take Profit= 384.87 | 437.98 | 491.78
Stop Loss= 305.42
Risk/Reward= 1:1.5 | 1:3.16 | 1:4.85
Expected Profit= +28.24% | +59.72% | +91.64%
Possible Loss= -18.88%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 1.5 months
COMPUSDT , Its ready to go Hello guys
Whats up ? i hope that anyone have nice weekend to start amazing trading week after that
In here we have one of the most powerful project that are working in Layer 2
In here we have 2 senstivive zone and 2 most important zone for the price that we shown on chart , After we broke the key level in long days ago the trend was changed to upward and we need pullback after rally for break and after that the market was unstable and that is the reason that the altcoin market was dump and now after main support that we have war of bullish and bearish we have a sign for win of the bullish and the market wants to go up , And in here we shown it on chart that you can buy and wait until the first target and after that the price impact to resistance zone we can predict what will happen next
You can buy guys and wait until the target reach
Dont forget use stop loss and use money management
Good Luck
Abtin
COMP loading for new leg up!!!Cup and handle pattern forms on daily chart and 4hr chart . Could there be a $450 COMP loading?... like and comment let me know what you think
King Alaluna
COMP to Reach $1000 Soon#Compound, abbreviated #COMP, is a #cryptocurrency or form of digital asset with a market value of about $ 2.13 billion, ranking 74th in the market and dominating for 0.07% of the total market. Each unit of the COMP is currently trading at $ 353.63.
As the compound is the head of the #DeFi group, it is expected to grow to $ 1,000 in the first phase. The next targets are $ 1,200, $ 1,600 and $ 2,200, respectively.
COMPOUND HAVE MORE THAN THIS - ITS ONLY THE START. - BREAKOUT EXHello trading friends,
We did see some breakdown trend with the most of markets, and as we expect that BTC could hold the Time frame for the whale trend there is an option that in coming times the markets could get green.
BAck the main coin COMPOUND and also the coin may be the most did leave or not interesting to have it. and Yes i can understand that. because when a market gets down - it feels not interesting.
Depending on the before study I have seen interest in this coin, and expect the coming we could get a huge breakout what could bring COMPUSDT First above 400 USD, after that even to 600 USD.
# Do always your own study and have a great day.
This view means more that you can see the interest, but you are the one that should do TA to confirm or it's interesting for you or not.
Like and follow for more trends - thank you!