COMPBTC trade ideas
$COMP, Retracing & retesting .011 sats level$COMP
Retracing & retesting .011 sats level after the 100% upside movement over 9days
Willing to see if its able to find enough volume to hodl it, flipping it to support and allowing a restart of the trend
UCTS remains bullish on HTFs but LTFs are not looking that good
#COMP
COMP, There Is Room For MoreCOMPBTC (Compound) did very good since our last update but not prices are starting to retrace...
This is normal, we normally get a retrace after a strong bullish move.
We are likely to get more bullish action after the retrace is done.
The main targets are marked yellow on the chart.
Namaste.
Previous chart 30-June
COMP Well Defined Trend (Next Target Mapped)Here we have COMPBTC trading within a channel with a well defined trend.
It is likely that prices will now move and hit the upper side of this channel, marked here with purple lines.
Prices are now above MA200 and we can see above-average volume coming in on the green side.
The RSI is also very strong.
This is not financial advice.
Namaste.
COMPBTC - Long - Potential 14.55%COMPBTC - Long - Potential 14.55%
Exchanges: Binance
Signal Type: Regular (Long)
Entry Zone:
0.011317 - 0.011786
Take-Profit Targets:
1) 0.012536
2) 0.013458
Stop Targets:
1) 0.010586
Trailing Configuration:
Entry: Percentage (0.0%)
Entry Trigger - Forming Pullback.
Comment should you have any questions or ideas about this set up!
COMP/BTC Critical Level @ 145001. Watch reaction @ 14500 (black)
- flip as support --> higher lows made --> bullish MS --> target weekly supply @ 21000
- reject --> lose 12500 as support (blue) --> return to daily demand @ 10500 (green)
COMP is one of the few coins that made a higher low (with the daily candle close, wicks's don't count)
Many others aren't out of the woods yet
Let's see how this plays out!
$COMP, Making a new YTD high...$COMP
Making a new YTD high and starting to cross ~.016 sats resistance(?) level
Volume also showing strength after the dip that the entire market showed a few days ago
Looks good (aim for a R/S Flip as entry above this level if happens)
Still 50% away from 2020 highs
#COMP