🧠 Weekly Analysis
After peaking near $911 in 2021, COMPUSDT experienced a prolonged downtrend, followed by a wide sideways accumulation phase around the $33–$41 range.
📉 This consolidation has formed a classic Wyckoff Accumulation structure, often seen before strong bullish reversals.
🟨 Key Support & Demand Zone:
🔻 Accumulation Zone: $33–$41
This range has acted as a strong floor since mid-2022.
Multiple rejections from this zone hint at smart money accumulation.
Recent long wicks and bullish rejections from this zone signal a potential reversal brewing.
🔮 Bullish Scenario:
If the price holds above the accumulation zone and breaks key resistance, the bullish case unfolds as follows:
📈 Bullish Price Targets:
1. ✅ $62.64 — First breakout confirmation.
2. ✅ $89.03 — Minor resistance and psychological level.
3. ✅ $117.27 — Major historical resistance.
4. ✅ $173.11 — Medium-term target.
5. ✅ $246.03 — Potential full target from pattern projection.
6. 🚀 Extension Targets: $363–$516 in case of a strong altcoin rally.
🔥 Breakout Confirmation: Weekly candle close above $62.64 with volume surge.
🧨 Bearish Scenario:
If the $33 support zone breaks and closes below:
⚠️ Possible downside:
Drop toward $23.27 (2022 low)
Extreme scenario: retest of $17 zone
This invalidates the current bullish structure and resumes macro downtrend
📊 Patterns Observed:
🔹 Extended Accumulation Range
🔹 Potential Inverse Head & Shoulders (in development)
🔹 Double Bottom Structure (awaiting neckline breakout)
These patterns suggest a market gearing up for a major shift — but volume and breakout confirmation remain crucial.
📅 Summary & Strategy:
🟢 Entry Zone: $35–$42 (low-risk accumulation)
🟡 Breakout Zone: Above $62.64
🔴 Stop Loss: Weekly close below $33
➡️ Favorable risk-to-reward setup for mid- to long-term swing traders and investors.
💡 Watch for breakout volume and BTC’s direction for confluence.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.