Similar to Dogecoin, CompUSD looks ready to break!

25 Mar 2022

Traders,

This one looks similar to my DogeCoin post a few days ago (see link to related ideas below):

• Inverse H&S pattern - looks to be playing out
  
• Clear target at area of confluence
  
• Similar pattern as many other altcoins ...tackling a major MA
  

So, here's the way I'd play this (also, similar to the recent dogecoin post):

#1 - Zoom in to the 4 hr chart.
#2 - Now, pending your risk tolerance here's how I would play this:
------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter.
------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden.
------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare.

Targets:

You first target shall be $152. If you still have your grips on that diamond, then go $170.

Best to you all!
Beer money appreciated.

-Stew

26 Mar 2022

Not

Looks like we're moving up. Neckline of the H&S is next.

28 Mar 2022

Not

Signal Confirmation: 4hr candles have confirmed a break of our neckline. Move up now imminent:

29 Mar 2022

İşlem kapandı: hedefe ulaştı

Closing. Target #1 reached. The rest is beer money! Congrats traders!