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COMP

COMP-6h. Will there be consolidation before test $190?Yesterday's sharp drop in the COMP market showed that continued growth without consolidation is unlikely. In fact, in an hour the sellers lowered the price by 7%. The COMP price stopped before the critical range of $133-140 . Near the $133 mark is a global trend line , which buyers have been holding since the beginning of November. Its breakdown will lead to a sharp drop in prices to $100 . Given the positive dynamics of the cryptocurrency market, the probability of this scenario is low. However, it is better to temporarily get rid of the token if the price is fixed below $130. Our main scenario is to continue growing to $190 . However, this requires complete depletion of sellers at local lows. ___________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
3
COMP looking goodPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot! ------------------------------------------------------------------------------------------ Compound is one of the top 100 coins which have had a tough time competing with the surge in BTC price. So if you're looking to move some of your BTC profits into an altcoin, Compound could be a smart choice. - In the Golden Pocket - RSI oversold - Volume declining How far do you think Bitcoin could go?
Long
by Coinathlon
COMP 12h x2 done, it's time to correct down1.5 months have passed since the previous COMP idea publication , it's time to update it. So, since the previous forecast, the COMPUSDT price has fixed the low at $80.62 , and our thoughts coincided with the market situation. Further, we saw a steady growth and x2 to the COMPUSDT value. $180 is the high that buyers managed to fix, and then sellers began active. At the moment, everything below $158.5 is under the control of sellers. They built the falling price channel, over time we will check how technically it works out. While the price is in sellers' control zone, the most likely route for us is the COMP price move to $123 - a small bounce - a continuation of the fall to $100. So far, without cardinally negative thoughts, but the level of $38, just in case, we will leave on the chart. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
5
COMPBTC Breaks Descending Channel (Over 350% Mapped)Take a look at this descending channel... It has been broken and prices are now above the EMA21 line. We are seeing bullish action develop since Nov. 5th. The RSI is now looking good with bullish divergence and higher lows: It is already moving higher, with lots of room left for additional growth. Additional information and targets can be seen on the chart. The red dashed-line works as the last low and can be used as a stop-loss as well. (We use manual stop). Feel free to share your thoughts in the comments section. Only hit LIKE if you enjoyed the content, it was useful to you in some way, or if you want to show some support. If no, then don't hit like... Namaste.
Long
by MasterAnanda
3
LONG COMP - (chicago defi + TDAmeritrade)Compound initially began as a tokenless protocol. Upgrades and changes were made unilaterally by the Compound Labs team. The protocol was still non-custodial but there was a centralized entity that retained administrative privileges. In order to remove themselves from this position, the team introduced COMP, a token used to govern the protocol. After several stages, Compound is now fully controlled by COMP holders with no remaining privileges held by Compound Labs. COMP is part of the Chicago defi alliance + TDAmeritrade= growth in assets locked in the long run.
Long
by HodlTradeCrypto