COMPUSDT
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.
Similar to Dogecoin, CompUSD looks ready to break!Traders,
This one looks similar to my DogeCoin post a few days ago (see link to related ideas below):
Inverse H&S pattern - looks to be playing out
Clear target at area of confluence
Similar pattern as many other altcoins ...tackling a major MA
So, here's the way I'd play this (also, similar to the recent dogecoin post):
#1 - Zoom in to the 4 hr chart.
#2 - Now, pending your risk tolerance here's how I would play this:
------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter.
------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden.
------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare.
Targets:
You first target shall be $152. If you still have your grips on that diamond, then go $170.
Best to you all!
Beer money appreciated.
-Stew
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
Video: COMPUSD Looks Very Similar to Doge. Here's what to watch
In this video I'll show you what I've spotted on the COMPUSD chart and what I would be watching/waiting for before I took an entry.
⛓️ 🔗 Useful Links 🔗 ⛓️
Link to Static Posts:
Dogecoin - www.tradingview.com
CompUSD - www.tradingview.com
COMP/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The start of this count is around the $84 area ( wave 1) and we've reached the bottom of $99 or so (wave 2), I highly doubt we will go anylower than $99 but if we do, this chart is still valid as long as we're above $85.
Wave 1 - $900
Wave 2 - $99?
Wave 3 - 1500??
Wave 4 - 750??
Wave 5 - 2222??
Will update as price targets reach or chart becomes invalid.
COMP / COMPUSDT super bullishHey everyone
I am super bullish on this altcoin for multiple reasons.
1: charts/TA
Beautiful double bottom and ATL retest
Red line can be broken here with a breakout
Blue lines seem to be the general idea for now
Combined with low RSI and volume profile.. this is a gem.
2: fundamentals
70% supply released. Deflationary coin.
Beautiful Defi coin, backed by big investors and whales
Currently ranked at #92. Too low for the fundamentals in my opinion. Comp deserves atleast #60. Meaning huge inflow imo.
3: longer term idea is $1000 to $3500 because of strong fundmentals. Considering all cryptocurrencies going up and an altcoin run.
Shortterm is already x4 as you can see.
4: Comp hasn't seen any pumps last weeks. There is a good chance it will be "it's turn" soon. Like for example on Waves atm.
Which means a huge opportunity when we buy today. Really a longterm coin this one.
Start of major Wave 3COMP has reached the 100% extension of the C wave as shown on the chart. I use Trend Based Fib. Extension tool to predict potential reversal areas.
As you can see we had a complex major ABC correction that lasted almost 10 months.
I am expecting a major wave 3 that could bring us to well above 1000usd. For this theory to have higher probability of happening, we need to break the 200usd soon. At that point I will become even more bullish.
My target for this trade will be 370usd and I will reassess at that point.
Follow for more updates.