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Compound (COMPUSD) Experiences Temporary Ascent

Compound
March 11, 2023

Compound (COMPUSD) Begins Markdown As The Distribution Phase Ends

COMPUSD: Price Begins Markdown As The Distribution Phase Ends COMPUSD begins markdown as the distribution phase ends. Owing to the reaction of the price towards the daily bearish order block at the $63.80 supply zone, the price was distributed for about two months. The distribution phase has howeve...
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March 03, 2023

Compound (COMPUSD) Heads Into Discount As Market Structure Remains Bullish

COMPUSD Analysis: Heads Into Discount as the Market Structure Remains Bullish COMPUSD heads into discount as the market structure remains bullish. The market is currently heading downward, as shown by the Moving Average Convergence Divergence (MACD) indicator. Yet, due to the price’s movement...
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February 24, 2023

Compound (COMPUSD) Drops Following a Stop Hunt at Old High

COMPUSD Analysis: Price Drops Immediately After Stop Hunting at Old High COMPUSD begins to fall immediately after a stop hunt at the previous high. Following the buy-side liquidity grab above the $61.70 price level, the price sank downward as it entered the daily bullish order block. The bullish or...
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February 20, 2023

Compound (COMPUSD) Is Set to Retrace, Remains Bullish

COMPUSD Analysis – Price Sets For Retracement As The Overall Trend Remains Bullish COMPUSD sets for a retracement as the overall trend remains bullish. Following the reaction of price in the daily bullish order block, the market’s direction bias has been bullish. However, a retracement ...
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February 11, 2023

Compound (COMPUSD) Dives as Price Hits a Bearish Order Block

COMPUSD Analysis: COMPUSD Dives as Price Hits a Bearish Order Block The price of the COMPUSD dives as it approaches the bearish order block. Ever since the invalidation of the daily bearish order block around the $39.00 price level, the value of COMP has been appreciating against the U.S. dollar. H...
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February 07, 2023

Compound (COMPUSD) Rallies Within a Rising Flag as the Order Flow Remains Bullish

COMPUSD Analysis – Price Rallies Within A Rising Flag As The Order Flow Remains Bullish COMPUSD rallies within a rising flag as the $93.40 price level remains the target for the bulls. The rising flag began near the end of January, following a massive expansion from the discount. Apparently, ...
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January 29, 2023

Compound (COMPUSD) Expands Upward As Market Seeks to Sell Off

COMPUSD Analysis – Expands Upward As Market Seeks to Sell Off Compound (COMPUSD) expands upward as bears seek to sell off. The price seems to be making a necessary retracement on the daily chart. While the rally looks like a nice opportunity for the bulls, the market’s order flow remain...
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January 22, 2023

Compound (COMPUSD) Dives After Hitting Major Resistance

COMPUSD Analysis: Price Dives After Hitting Major Resistance COMPUSD dives after hitting major resistance. The major diagonal resistance in the market has proven strong and resistive toward price after three different strikes on it. The market’s overall direction cannot be considered bullish ...
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