$COMP - Throwing us through a loop. $COMP - This one is a bit of a conundrum. Stuck around or under the .618 fib since the end of September. I think it could easily reverse here and hit $365 with ease. However, stucturally speaking with EWs, it needs to print a new low to complete its ABC.
The alt count has the ABC done on October 12th, with wave 3 starting with an unfinished leading diagonal (this alt count is not on the chart.) I see a great push on this coin in the mid term, regardless of what happens in the next few days. We just need to nail the bottom fam.
Happy and safe trading to everyone.
COMPUSDT.P trade ideas
COMP big bullish move incoming?COMP has been consolidating above a previous support level for close to a month now and has started to form the first halve of what could be a parabolic curve bouncing off the trend line. The parabolic sar indicator has turned bullish on the daily timeframe for a couple of days now and there is a slight bullish divergence on the RSI daily. Even though support looks steady BTC can spoil the party so I would look at entering a long on spot or with low lev only. First target around 520 easy.
COMPUSDT - BULLISH SETUPMarket is testing a historically strong level of demand each time the asset came into this price buyers stepped into the market, on the daily timeframe we can see price breaking out of the falling wedge formation and showing signs of a deceleration with a slight rounding bottom, once we break back above the structure level price will turn full BULL. Nice low entry here for a swing trade.
COMPUSDt analysHello friends.
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Everything on the chart.
I've seen ascending triangle.
open pos: 425-440
target: 620 and 700,after first target reached move ur stop to breakeven
stop: ~380+-5 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 6
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