COMPUSD Longfirst target for compusd... macd and rsi on the daily look prime to atleast make a rebound with a potenial confirmed double bottom.
COMPUSD trade ideas
Long COMPUSDlooking to take profit on at the very least a relief bounce... A risk/reward 3-1 target here looks very nice.
Sasquatch's 1hour COMPUSD Coinbase Day Trader Chart 4 Salt WaterI made this chart for an amazing day trading called Salt Water, Some friends of mine have been having tremendous success with this chart, Thanks to Lazy Bear the candles will fire white for sell and yellow for buy. Fib lines are purple and army green and are very powerful event predictors. Fib Fan Speed has been very accurate providing buy and sell areas to the tick. Great trend lines to trade from and all connected to Fibonacci. Enjoy this chart and pass along to any Compound traders. The thumbs up and down get bigger or smaller to show opportunities ,the bigger the greater the opportunity and vice versa. If any one out there needs custom charts please contact me for pricing. I will update this chart regularly so please check it often. Please post comments or suggestions below, I am an open book to feedback and a good listener. Thanks folks!!
COMP MIDTERMFor the current trend of BTC you can check our BTC roadmap raw chart-->
Libertas Aequitas Veritas .
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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Comp vs USD on Golden ratio*disclaimer* I don’t keep a position in this project so please do your own research. If you’d like updates on this TA, just leave a message below!
Following a healthy market correction of almost 50% price action finds support on the golden ratio (0.786).
Facts of the 1-day chart:
1) Stochastic RSI is oversold and indicating an increase in momentum. Bullish divergence is now visible on the 8hr chart (below), which complements the daily chart very nicely.
2) MFI resistance is broken just as before following an oversold period = bullish
3) The 1-day Bitcoin chart (bottom)is also showing healthy retracement with support on the golden ratio.
4) It is interesting with point (3) that price action now finds support on previous price action resistance (Orange line).
Good luck!
8hr USD chart
1-day Bitcoin chart
Bullish signs but will the market keep plunging COMP?There are double bottoms on all major time frames except the monthly and this is a bullish reversal pattern. The neckline is at about 145 USD and the measured target is at about 170 USD.
There is also bullish divergence on these major timeframes so if it plays out, it can be a catalyst for a reversal. But with the market conditions right now, it may or may not play out.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COMP is a longPretty self-explanatory chart setup here. The pump has just begun with that last swing it seems.
TP1 should be the last top, if market continues to be bullish in general we can expect $400 or more.
COMPUSD guess again #4Looking to ultimately retest the local highs, with intermediate targets on the chart. The market as a whole looks very bearish, so I wouldn't be surprised to see it dip down to the $120 zone at some point, but the support here is reasonably strong so it should at least put up a fight. If the support in the $140s breaks down easily, it will erase my confidence in this setup.
COMP Inverted Cup & Handle - my first short?New to trading and still learning to properly chart, but spotted this inverted cup & handle that looks like it may play out soon for COMP.
Thinking of shorting the break down at $146, then measured move down to $110-120.
Am I think about this correctly?
Thanks. :)
COMP at a critical pointHere to learn. first chart.Price should hold the uptrend line.
If it holds, then may rise to 165.
Not financial advise.
Short Term Bearish On COMPUSD - PULLBACK PREDICTIONSCOMPUSD has been on a tear these 2 days and looks too overextended on the 12HRs and under hourly timeframes
The bearish case:
1. Market structure: price action got rejected at the 78.6% Fib level, which is at about 270 USD.
2. Volume: the rejection at 270 was with decent sell volume , which is at about the same volume with the previous 2 green candles.
3. RSI: in overbought territory on all major time frames up to the daily, bearish divergence is apparent on the 6 and 12HR
Prediction: expecting a pullback to at least the 240 level before making another attempt at the 270 level. If a fail attempt happens at 270 and a double top plays out, the measured move of the drop will be 210 USD.
The bullish case:
1. A successful attempt to breaking 270 , but the RSI on the 4, 6 and 12HR still need a cool down. So this is not a strong bullish case to me without a decent pullback.
COMPUSD Setup - Market Structure, Volume & Checks Out For BullisCOMPUSD has broken out of the previous falling wedge pattern with a target indicated in the chart. It has also recently broken out of the larger timeframe moving averages as resistance. Volume shows increasing buyer volume on increasing price, with RSI on larger timeframes under 70, which makes the case it can go higher.
COMP.usd Near-term Support Resistance: Compound Retrace WatchMarket-wide pullback took Compound with it, but still remains bullish.
Mapped are Support and Resistance Zones to be observed for more clues.
Sure that is a lot of lines and zones, but each one WILL react so be ready.
$ 203.84 - 205.85 is KEY support that bulls really need to hold.
$ 189.01 - 191.33 is a possible target for a sub-200 Stop-Hunt wick.
$ 225.01 - 227.84 is key resistance to break to have any breathing room.
COMP perfomance, long 45% profitsSo we tooke 2 signal, the first one 100% swing trade and the second one 45% and still goin!
i think Comp is going for at least double the price.
COMP/USD - Bullish Pattern Developing, buy the retraceCup and Handle pattern developing on a GREAT coin, COMP - the first Yeild Farming coin, looks like we might have a retrace - shooting down to 50% (doesn't have to be that big of a retrace)
Once the retrace breaks, we will check the fib level we shot off of, and if its a Fibonacci Trade, this is a no brainer.
