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COMP

COMP/USDT 8h (Binance Fut.) Descending channel breakout & retest#Compound is pulling back to give us entry after that clear breakout of parallel channel. I believe this is a new opportunity to long it before a possible bull run! Current Price= 107.06 Buy Entry= 107.03 - 102.23 Take Profit= 116.77 | 123.26 | 133.20 Stop Loss= 96.51 Risk/Reward= 1:1.5 | 1:2.29 | 1:3.52 Expected Profit= +23.20% | +35.62% | +54.62% Possible Loss= -15.52% Fib. Retracement= 0.5 | 0.618 | 0.786 Margin Leverage= 2x Estimated Gain-time= 480h
Long
by TradingOn
✳️Compound/USDT (27/10) #COMP $COMP #COMPUSDTCOMP is continuously breaking the lowest levels so we should not expect too much on this coin. Currently, selling pressure has subsided and COMP is looking to rebound with Inverse Head & Shoulders. This pattern will be formed if the COMP fails to break the 92$ bottom and bounce back to break the 108$ zone. The target is the 120$ zone. The main trend of COMP is currently moving sideways in the 90-120$ zone. COMP will continue to bottom out if it breaks below 90$
Long
by CryptoStation
COMP 1D. Next Potential Bottom Range is $72-80.Briefly about the protocol. The Compound Platform is a Defi lending project developed on the Ethereum blockchain. Basically, any cryptocurrency owner can deposit it into a smart contract, where it joins the liquidity pool and starts generating interest. So far, the Compound protocol supports the following altcoins : ETH, DAI, SAI, USDC, USDT, WBTC, ZRX, BAT, REP. We have seen a strong downtrend since September. However, there was a light at the end of the tunnel! After sellers tested the mark $94. The price exited the falling channel and attempted to break the level $107.5, which would open the way to $123. However, it could not be done and the light went out at the moment. In our opinion, the scenario of the COMP price returning to the falling channel is more realistic. Moreover, we think that the token will renew its historical low and stop in the range $72-80. An alternative scenario is possible only after fixing above $107. If we see such a probability, we will immediately publish an idea about it! ________________________ 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
COMPUSDT - Support and bullish divergences Comp has found a support around $127 and has hit that support two times and is now bouncing of. This goes wish a llist of bullish divergences on the 4H Timframe, ending with a missing right shoulder divergence. I expect after this divergence, at least a pull up to the +1 ATR on the 4H TF. Meaning a target of around 145. Entry should be somewhere around 132-133 Stoploss is a bit below the level of support, 125. I will exit around 145, and leave a third of the stack run with a trailing stoploss. entry: 132-133 SL: 124.95 Target 1: 145 (2/3) Target 2: 156
Long
by Tornado_Trading
1
COMP and his running flat ambitionsGood morning Traders This is my primary count for COMP. Seeing this entire corrective move as a larger wave 2 after an explosive W1 from $33 to $373 on Uniswap back in June. Ultimately looking for much higher as the DeFi space grows in a bull market but targeting $305-$311 for now before a final 0.618 retracement to complete a potential running flat to complete wave 2 before the next leg up (or an expanded flat if the final corrective wave ends up being a deeper retracement).
by Piggy_Profit
4