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Compound Bears Push Below 62.300 Key Level As Bullish Strength Declines

Compound
October 30, 2023

Compound (COMP/USD) Market Structure Turns Bullish

Market Analysis: COMPOUND Market Structure Turns Bullish Compound market structure turns bullish after reaching the Fair Value gap in the dip discount of the bullish swing. The market was in an accumulation phase in April and June. The Stochastic revealed the market was oversold as a large bearish ...
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October 24, 2023

Compound Accumulates in Consolidation Between $53.0 and $35.0

Market Analysis: COMPUSD price abounds in consolidation. Compound abounds in consolidation between the resistance level of $53.0 and $35.0. COMPUSD price appears to be trapped above the Falue gap as a support. The Bearish order block also resists the price, making the market locked up in the zone. ...
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October 15, 2023

Compound (COMPUSD) Price Remains in the Mud Pool

Market Analysis: Price Remains in Mud Pool The test of the support level of $26.00 injected volatility into the Compound market. The sensitive region aided the influx of buyers. Within a few days, the COMPUSD price pumped almost three times its original price. A pullback from $70.50 provided an opp...
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October 07, 2023

Compound (COMPUSD) Retraces Downward Following Resistance Invalidation

COMPUSD Analysis: The Market  Retraces Downward After An Invalidation Of The Diagonal Resistance COMPUSD retraces downward after an invalidation of a diagonal resistance. Following the upsurge in June 2023, the market expanded rapidly into the premium zone. The expansion ended its first phase with ...
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October 02, 2023

Compound (COMPUSD) Continues Bullish Trend, Exiting Discount Zone

COMPUSD Analysis – Market Resumes Its Bullish Trend As Price Leaves The Discount Zone COMPUSD resumes its bullish trend as the price leaves the discount zone. The market turned bullish in June 2023 after a Change of Character (CHoCH) to the upside. At $86.00, a correction to the downside occu...
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September 15, 2023

Compound (COMPUSD) Reverts From Discount As The Market Leaves Oversold State

COMPUSD Analysis: Price Reverts From Discount As The Market Leaves Oversold State COMPUSD reverts to a discount as the market leaves the oversold state. The RSI (Relative Strength Index) reveals that the market is oversold. This was because of the consistent depreciation of the Compound’s val...
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September 09, 2023

Compound (COMPUSD) Retraces Upward As The Third Impulse Swing Ends

COMPUSD Analysis: The Market Retraces Upward As The Third Impulse Swing Ends COMPUSD retraces upward as the third impulse swing ends. The prior trend was bullish until the retraction of the price at the $86.00 resistance. The market is currently in a consolidation phase as it entered an oversold st...
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