Compound (COMP)

3 天前

🔢 COMP Analysis

🔹 Overall Status:
The COMP coin, after following an ascending channel, successfully broke above the channel’s ceiling. At the PRZ zone (which includes the ascending channel ceiling and weekly resistance), selling pressure led to a price correction, pushing the price down to the 0.382 Fibonacci level.

✅ Key Point:
Stabilizing above the PRZ zone can accelerate price growth toward Fibonacci targets.
Trading volume in this area is crucial as it can provide stronger signals about the buyers' or sellers' dominance.

🔹 Support and Resistance Analysis:

1️⃣ Support Levels:

First Support: 0.382 Fibonacci level around $79-$81.
Second Support: 0.5 Fibonacci level around $68-$71.
Third Support: 0.618 Fibonacci level near $60-$62.
2️⃣ Resistance Levels:

PRZ Zone: Weekly resistance and broken ascending channel ceiling (around $92-$103).
Bullish Targets:
First Target: 1.618 Fibonacci level (already achieved).
Second Target: 2.618 Fibonacci level near $300-$330.
Third Target: 3.272 Fibonacci level around $500-$550.
Final Target: 3.618 Fibonacci level near $720-$750.
🔹 Price Movement Prediction:

1️⃣ Bullish Scenario (if price stabilizes above PRZ):

If the price stabilizes above $140 (PRZ zone), it may head toward the 2.618, 3.272, and 3.618 Fibonacci levels.
Increased trading volume above PRZ will confirm buyers' dominance.
2️⃣ Bearish Scenario (if the correction continues):

If the 0.382 Fibonacci level is broken, the price correction could extend to the 0.5 and 0.618 Fibonacci levels.
These levels could offer attractive opportunities for re-entry via laddered buying.
🔹 RSI and Entry Signals:

The RSI indicator on the weekly timeframe is at 72.71 (overbought zone), indicating possible selling pressure.
Positive Note: A bullish divergence between the price and RSI suggests the uptrend may resume after a correction.
The ascending RSI trendline can act as support.
✅ Conclusion and Recommendations:

1️⃣ Key Levels:

Supports: $79-$81 (0.382), $68-$71 (0.5), and $60-$62 (0.618 Fibonacci).
Resistances: $130-$140 (PRZ) and higher targets at $300-$330, $500-$550, and $720-$750.
2️⃣ Entry Strategies:

Laddered buying near 0.5 and 0.618 Fibonacci support levels if the correction continues.
Entry after price stabilizes above the PRZ zone ($130) with rising trading volume.
3️⃣ Risk Management:

Pay close attention to trading volume and price action near critical levels.
Monitor the RSI indicator to assess trend strength and identify potential corrections or continued growth.
💡 Final Recommendation:
In the current conditions, wait for technical confirmations (such as stabilization above resistance or corrections to lower levels) before entering. Prioritize capital management to minimize risks.