Get started

COMP

COMP.BTC (Y20.P3.E1).Keep an eye on itHi All, This one is odd one to TA, COMPOUND as a newly introduce Defi, and trying to get the right level is all guesses, however its a challenge and if one keeps an eye on it, you never know when it will explode up. Recently I read a news article giving it favorable reviews. "Compound’s New Custodial Wallet Could Spark Institutional Interest in DeFi" Key Takeaways > The most used DeFi lending platform, Compound, has integrated Curv—a digital asset custodian focused on institutions. > For now, only deposits are available, but Curv has plans to enable borrowing later. > Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial services industry. This may soon change, however. In the realm of near-zero and negative interest rates, decentralized platforms present more attractive yields than traditional fixed income instruments. For instance, the most used DeFi lending platform, Compound, offers users over 2% yield on stablecoins plus additional income in the form of the protocol’s governance token, COMP. Buy the rumour, sell on the news!! Its a difficult one but one needs to be aware of any opportunities. Cheers S. Sari 15 Min time frame
Long
by ssari
3
Potential Mega Phone Setup COMP/USDTPotential Mega Phone Setup COMP/USDT Looks like its close to time again?! Got your bag yet? Looks like it could be a easy 50% or even 74% in the next leg up. That's if this megaphone holds true. There is some major VCs behind this one like Bain Capital, Andreessen Horowitz, and Polychain. I do believe this is the final step down before the break out commences. It does look like we have completed wave E in the falling wedge pattern in yellow trend lines. The RSI on the 4hr chart is @ 36, freshly bouncing out of oversold territory near 26. 30 and below is considered oversold. A TD 9 was also dropped on the large candle down to where we are now on, July 13 2020 @ 16:00 on 4hr and a few other time frames. The MACD in the 4hr is in bearish territory but we got to remember the MACD is a lagging indicator. On that note, it does look ready for a possible bullish cross and keep in mind I am predicting the break out to happen. It also has lots of room for a break out to take place. Remember there is a decent chance that we may have a rejection @ $220 will have to watch that blue price line closely! This would make a good accumulation pattern. I do believe it has a pretty good chance that this scenario may playing out. What do you think? Leave your thoughts and comments below. Please drop me a like! Reminder this is just speculation, just like all trading not financial advice! Set a stop loss!
Long
by Jay3000
1
COMP: COMPOUND WEDGE BREAKOUTPrice of the COMP is on the possible breakout from Wedge pattern. Price can increase for the several levels inside range of 220 and 180. Pls, do not forget price of the COMP is quite high, and recently it increased from 60$ up to 380$ So i greatly advice to decrease risk in the trades which increased that much recently. Always use Stop loss to avoid unnecessary loss. According to my view I think price can make some rebound around 199-200 zone and back to 180. Thanks for attention, stay safe This is Artem Crypto.
Long
by ArShevelev
2
Other Fibonacci pattern for Compound & why you should be a bullUsing the Fourth of July low as a bottom (as opposed to the starting price), we see nice Fibonacci lines as well. Note that the chart has bounced several times at the $245.50 level, so expect to see tough resistance there on the way back up. If/when we eventually surpass our prior early peak, we could see prices up to $514.90 or even more optimistically $732.85. My reasons for being bullish in the long term are simply that I believe the Compound protocol itself is something that is only going to catch on to a wider audience as time goes on. I see a future where Venmo users switch to paying each other with smartphone apps that use stablecoins, and those stablecoins gain interest through the Compound protocol when they are sitting idle. Such apps already exist, but they have yet to be discovered by a broad mainstream audience. As of this writing, the iPhone app Dharma has 4.4 stars, but only 72 ratings. People love it, but most haven’t discovered it yet. The benefit of gaining interest with the Compound protocol has already been realized by crypto users, and there is a clear path to its realization by the mainstream public through smartphone apps. The recent change in Compound rules made it so that crypto users could not milk the system by “yield farming” with an exorbitant number of BAT tokens gaining interest at over 20%. The change in rules now means that stablecoin users have more to gain from using the protocol. This means two things that are very promising for the long-term future of Compound and for the COMP token itself as an investment: 1) Smartphone apps that utilize Compound and stablecoins will allow the mainstream public to pay each other with stablecoins, which unlike money in a Venmo account, gain interest, but unlike cryptocurrency, don’t come with confusing conversion rates and volatile price swings. 2) The demand for the COMP token will be driven by the incredible power that it gives token holders. A few days ago, BAT token in Compound was gaining >20% APR. Yet a single decision made by COMP token holders changed the rules such that BAT currently receives 0.10% APR. That demonstrates that COMP token holders collectively have an enormous amount of power. In theory, supporters of a specific altcoin project could try to buy up as much COMP as possible in hope of being able to affect such a decision in a way that favors their coin’s APR, with hopes that doing so would lead to increased purchase of their token. Thus, owning COMP tokens gives its owners incredible power over the Compound financial system and, as an ever-expanding pool of people use this system (for reasons stated above), the desire to own COMP will increase, driving up demand and thus driving up the price of COMP. “When you think about every bull market, there’s one common thread: an expanding universe of people who own it.” -Paul Tudor Jones “Be fearful when others are greedy and greedy when others are fearful.” -Warren Buffett
FTX:COMPUSDLong
by tarbh
1
Give up on Compound??So, you gave into FOMO. Compound was shiny and new, exploding onto the scene. You surely were the first one to notice, since it had only been trading for a few days, and that makes you an early adopter. But ... it turns out that bubbles crash. You bought high. Now you’re frustrated and thinking of selling — selling low. DON’T! The same reasons you thought this was a good long-term investment are still reasons. As per usual, Fibonacci will determine where this goes. Here are the Fibonacci lines. We can see that we are currently testing *two* resistance lines! If these both break, expect good things. Which Fibonacci lines it stops at next, no one knows, so I’ve drawn out a few guesses with arrows. You bought on a bubble. It’s human nature and you’re human. Now it’s time to ignore the urge to sell low. You know that Compound is revolutionary and, yes, you are an early adopter. Stick it out. Or maybe buy a little more. Outsmart the other humans with math!
FTX:COMPUSDLong
by tarbh
2
COMP tentative longHello everyone Looks like a tentative buy on the RSI. Additionally, this confluence of fibs (spirals, channel, retracement/extensions) leads me to believe a move up is imminent. It's also quite possible that the price moves to the .618 and breaks sideways through the confluence of spirals. I'm not a master at fib spirals; any criticism or advice would be appreciated! *This is personal analysis and not intended to be trading advice - I am not responsible if you lose your funds trading this idea.*
COINBASE:COMPUSDLong
by Begin2blue
3
COMP chartI'm no professional but I'm knowledgeable. I believe $170 was our baseline. I see this possibly going to the mid $200 in the next 2 weeks. COMP seems to move down due BTC/SECURITIES & fear (covid-19). The DEFI network or the main use of COMP is increasing (FARMING). Sure there are high fees and congestion (GAS/ETH/DEFI) right now but it will all clear out as long as the global economy doesn't see a major set back. Short term if BTC continues sideway I can see COMP COIN in the $198.00 for a bit. Microsoft also announced the ETH/DEFI network would be the first stepping stone for future progress.(Chico Crypto references the proper papers on youtube). I base all my charts off the 2/4HR time table ....This is purely my own speculation and should not be taken as financial advice....
COINBASE:COMPUSD
by rprT
4
DeFi Index (COMP, KNC, LEND, MKR, KAVA, LRC, REN, REP, BNT, SNX)DeFi coins is hyping around crypto and here is TA for them. On FTX we can see the DeFi Index based on charts of COMP, KNC, LEND, MKR, KAVA, LRC, REN, REP, BNT, SNX and ZRX (each coin is weighted equally). It can be traded at FTX with up to 100x leverage. So on the price i marked all triangle shapes and found Giant Wedge It already breaking out from it and possible will make sideways inside the triangle. Best way to avoid trading here and try to fix position in the Sell Zone. Or wait for the buy opportunity in the Support zone. Thanks for your attention, stay tuned This is Artem Crypto
Editors' picks
FTX:DEFIPERP
by ArShevelev
33
Nasdaq COMP Fortnite Economy - What Boomers Don't UnderstandFirst, I just wanted to say the Baby Boomer generation endured many hardships and I am beyond grateful for their sacrifices, especially since I'm a child of a Vietnam Vet who battled PTSD until his last days. I'm dedicating this post to them. Even as a GEN-Xer, I too have a hard time understanding the millennial generation and their interests, but I think it's incredibly important that we understand them so we don't form a bias that is not aligned with reality or the trend. For the life of me, I could not understand why billions upon billions of dollars are spent on a digital goods, with the extremes (as I see) being completely optional Fortnite skins that simply change the way your character looks within a video game and provide absolutely no in-game advantage. I couldn't imagine a bigger waste of money at $20 a skin. If I could understand this, I might have a shot at understanding this generation's interest in intangible goods. I simply don't want to be left behind and I needed help breaking my strong bias. So I created a Fornite account a few years ago (Season 5). Today I own over 30 skins, and yes, I have a hard time admitting this, since skins are purely optional and not required to play the game. To an outsider, I'm part of the problem with the millennial generation, and I'm not even a millennial. So what did I learn that I did not understand before? Overtime, as I played Fortnite, I became incredibly immersed in the game play. In my opinion, they have the most advanced game engine (Unreal Engine 4) which means animations of the characters are extremely fluid and life like, and this is the keyword here, life like . As I continued to play, I noticed I became emotionally stimulated by events that happened in-game, and I made friends along the way. Basically, this became a way to experience a life that was not mine, not tied to anything based in reality, and it's merely a glimpse of what's to come in the future. In other words, an extremely convenient way for my mind to escape reality without having to dish out money for a vacation or medication/stimulants that many would take to get similar effects. Beyond that, my kids love the game and I bond with them every time we play, in-game, they see me as their peer and I also feel like their peer. When looking at it from this perspective, $20 to further express myself within a game and give me a more immersed experience is relatively cheap and convenient when compared to alternatives. Any time during the day when I just want to get away and not have a single thought about anything happening in my real life, this works perfectly. As a side note, as traders, we know how important it is to take a break from the market and completely focus on something else other than the market, allowing us to come back to the charts with an relaxed mind and perhaps a new perspective. I realize this is a rather odd post, especially for Tradingview, but I thought my experience may be helpful to some who struggle to see the value in intangible digital goods which are quickly becoming (or have already been) the main or growing source of revenue for many tech companies. Please like or subscribe if this has helped you in any way :) This will encourage me to take the time to create similar posts.
NASDAQ:QQQEducation
by ttrending
4
10-Year Treasuries Near Support | #TNX $XAU $XAG $COMP #ForexFriends, This past April 15, 2014, I offered a relatively imminent value where the benchmark 10-Year treasuries would possibly reverse and start a new upward trajectory. In this new chart, I would like to offer mitigating views from Fibonacci values, Elliott Wave counts, and an predictive analysis, each standing in contrast to one another, and offering lower values than the one imminent support defined this past April 15th, here: "$TNX: Early BULLISH Reversal Signal ... Confirmation pending" - I decided to do this to offer the different types of traders (pattern, Elliott Waves, Fibonacci and occult geometrist) an array of technical angles, all calling for a relatively narrow support and potential reversal. Please, refer to the chart for the overall technical commentary, under "Tech-Note". Also, in the link beneath the chart, feel free to review recent analysis for Gold, Silver, DOW Composite. Thank you for your supportive readership and friendly referrals. Cheers, David Alcindor Predictive Analysis & Forecasting ------------------------------ Get my signals, forecasts and analyses via Twitter. - Alias: @4xForecaster ------------------------------
TShort
by 4xForecaster
10
$COMP | Another 275 Weeks Of Ramped Up Rally Ending Next Month?Friends, Following a dead-on hit target @ 5786.81 defined last October 30th 2013 (see links below), we evaluated each impulses that preceded the recent two historical major market retracement - Following are (circa) dates, impulse lengths in weeks and percentage retracements: 1 - NOV 1994 to FEB 2000 / Approx. 275 weeks / 61.8% retrac. and 2 - MAR 2003 to JUN 2008 / Approx. 278 weeks / 93.5% retrac. As the current Fed-engorged impulse nears that 275-day moment, question is whether this period has any significance, and whether it is about to repeat itself into another significant decline. Historical bursting-bubble analyst have already project significant abysmal retracement projections, one most notorious is Mr. Harry S. Dent, Jr, author of several demographic based predictions that occurred with quite impressive precision outcomes. In essence, he believe that all bubbles burst, and all bubbles revert to an initial growth trendline from which the bubble was born - In the chart, the trendline is arguably drawn in yellow, although a gentle trendline might also act as a supportive target. In such case, we would be seeing DOW Composite values between 2425 to 2800, if his theory turns out to be true. In any case, the main interest here is to merely highlight what remains to be proven, which is a 175 to 178 week cycle of ramped up prices, followed by a major depressive decline that historically retraced over 2/3 of historical gains. Then again, the market (Fed, really) may have resources that could far surpass the time any single counter-trend investor may be willing to endure, especially in such artificial market. Worth keeping in mind, though. David Alcindor Predictive Analysis & Forecasting PS: Following are links to: 1 - Original $COMP forecast: - 2 - Successful Target Hit: - 3 - Additional 275-Week chart comment: - www.tradingview.com --------------------------------------------- Follow my analysis, forecasts and signals on Twitter. - Alias: @4xForecaster ----------------------------------------------
C
by 4xForecaster
7
DOW Composite - Target Hit Dead-On | $COMP #forex $USD $JPYFriends, About 5 months ago (October 30th, 2013), I offered a moderate probability target at 5786.81. As of this this month, target got hit dead-on. - Here: More recently, I added a lesser probability target, based on momental line/channel supports and predictive analysis result. - Here: Now that the market has rolled down from the primary target, there is serious concern as to its ability to persevere to the higher, last target. OVERALL: Once sufficient data comes in, I will provide the result of any bearish target. For the time being, some unwinding needs to take place, as I expect a consolidation period would occur at these significant levels. For these reasons, I will switch the directional indicator from LONG to NEUTRAL. My own directional bias is neutral to bearish, based on fundamental and technical concerns discussed relative to the US Dollar index and the risk-related USDJPY: - USDollar Index: - USDJPY: CHeers, David Alcindor Predictive Analysis and Forecasting Get my signals, analyses and forecasts on Twitter: (Alias: @4xForecaster) ------------------------------------- Disclaimer: - All my comments are founded on unshared proprietary as well as common knowledge of technical analysis: Do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
C
by 4xForecaster
1