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Compound

Compound (COMP) 🔢 COMP Analysis 🔹 Overall Status: The COMP coin, after following an ascending channel, successfully broke above the channel’s ceiling. At the PRZ zone (which includes the ascending channel ceiling and weekly resistance), selling pressure led to a price correction, pushing the price down to the 0.382 Fibonacci level. ✅ Key Point: Stabilizing above the PRZ zone can accelerate price growth toward Fibonacci targets. Trading volume in this area is crucial as it can provide stronger signals about the buyers' or sellers' dominance. 🔹 Support and Resistance Analysis: 1️⃣ Support Levels: First Support: 0.382 Fibonacci level around $79-$81. Second Support: 0.5 Fibonacci level around $68-$71. Third Support: 0.618 Fibonacci level near $60-$62. 2️⃣ Resistance Levels: PRZ Zone: Weekly resistance and broken ascending channel ceiling (around $92-$103). Bullish Targets: First Target: 1.618 Fibonacci level (already achieved). Second Target: 2.618 Fibonacci level near $300-$330. Third Target: 3.272 Fibonacci level around $500-$550. Final Target: 3.618 Fibonacci level near $720-$750. 🔹 Price Movement Prediction: 1️⃣ Bullish Scenario (if price stabilizes above PRZ): If the price stabilizes above $140 (PRZ zone), it may head toward the 2.618, 3.272, and 3.618 Fibonacci levels. Increased trading volume above PRZ will confirm buyers' dominance. 2️⃣ Bearish Scenario (if the correction continues): If the 0.382 Fibonacci level is broken, the price correction could extend to the 0.5 and 0.618 Fibonacci levels. These levels could offer attractive opportunities for re-entry via laddered buying. 🔹 RSI and Entry Signals: The RSI indicator on the weekly timeframe is at 72.71 (overbought zone), indicating possible selling pressure. Positive Note: A bullish divergence between the price and RSI suggests the uptrend may resume after a correction. The ascending RSI trendline can act as support. ✅ Conclusion and Recommendations: 1️⃣ Key Levels: Supports: $79-$81 (0.382), $68-$71 (0.5), and $60-$62 (0.618 Fibonacci). Resistances: $130-$140 (PRZ) and higher targets at $300-$330, $500-$550, and $720-$750. 2️⃣ Entry Strategies: Laddered buying near 0.5 and 0.618 Fibonacci support levels if the correction continues. Entry after price stabilizes above the PRZ zone ($130) with rising trading volume. 3️⃣ Risk Management: Pay close attention to trading volume and price action near critical levels. Monitor the RSI indicator to assess trend strength and identify potential corrections or continued growth. 💡 Final Recommendation: In the current conditions, wait for technical confirmations (such as stabilization above resistance or corrections to lower levels) before entering. Prioritize capital management to minimize risks.
by alizeynali69
Compound (COMP)Compound is an interest distribution and DeFi lending protocol in which users stake their tokens in pools and borrowers can take a secured loan from any Compound pool. Anyway, compound has been in a downtrend for a while. Looking at the chart it seems price has made double bottom and also a triangle pattern is formed. Recently, compound popularity increased, and as a result, its price value, as well as volume, increased too. Now, we have to wait and see if the price can break this triangular pattern or not, for continuation.
BINANCE:COMPUSDLong
by SaeedSalehinia
1
COMP (Compound): Channel Down BreakoutTrade setup : Price remains in a downtrend, however, price had a bullish breakout from Channel Down pattern and above $50 resistance, which would signal bullish trend reversal with +20% upside potential to $60 next. Stop Loss at $46. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Strong Down. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $50.00, then $45.00. Nearest Resistance Zone is $60.00, then $68.00.
Long
by altFINS
Is COMPUSDT Primed for a 50% Rally or a Bearish Plunge? Yello! Are you keeping an eye on #COMPUSDT’s latest breakout? Let's break it down and see what’s next! 💎#COMPUSDT has recently broken out of a falling wedge, a bullish signal supported by the 50EMA and increasing trading volume. The asset is currently retesting this breakout. 💎The upper trendline of the wedge is now acting as support for $COMP. If this retest is successful, the probability of a 40-50% bullish rally is very high. 💎However, what if the retest isn’t successful? There is a major support level at $44-$47. This zone is packed with liquidity and has historically pushed the price upward. If #COMP retests this area, it could provide a strong rebound. 💎If the $44-$47 zone fails, the next key level is $40.62. This support needs to hold to maintain the bullish outlook. 💎If #COMPUSDT continues to fall below these levels, the bullish scenario will be invalidated, leading to a deeper bearish trend. Always be prepared for all market outcomes and maintain disciplined trading strategies. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
COMP/USDT preparing bullish trajectory|👀🚀COMP analysis💎 Paradisers, let’s delve into the #COMPUSDT as it nicely following falling wedge formation however, there’s a glimmer of hope as it once again restores momentum at the key support level of $49.82. 💎 But what if #COMPOUND can’t quite stick the landing at this support level? In that case, we need to be prepared to switch up our strategy. Our focus shifts to a strong comeback from slightly lower down specifically, at a support level it has already tested twice. 💎 Should the price of NYSE:COMP dip below this critical area, it’s time to reevaluate our game plan. We’re optimistic about a potential bounce back from the next support line, which sits at $41.92. However, if it fails to recover from there, we may witness further downside. Stay vigilant and remain adaptable as we closely monitor unfolding market dynamics. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Compound | COMPCOMP Rallies Over 100% After CEO Quits ! Robert Leshner, the well-known creator of the DeFi lending platform Compound Finance, has resigned from his position as the CEO of the DeFi lending protocol. Leshner recently announced his plan to launch Superstate Trust, a new business venture. The creation of a short-term government bond fund is the goal of this endeavor. Notably, Superstate Trust has already raised $4 million in startup money from a variety of DeFi investors. Compound (COMP), the native token of Compound Finance, is still on the rise despite Leshner’s resignation. COMP, which is currently trading at $55.87, has experienced a spectacular rise in value of 22.47% over the last two days. Compound Finance has $2 billion in assets and that its governance token COMP has increased by over 100% in the last week. Significant digital assets including Bitcoin, Ethereum, and the S&P 500 have all increased by less than 3% during that time period. This outstanding performance demonstrates Compound’s robustness and adaptability in the face of organizational changes and reflects increased investor trust in the token’s potential. Compound supporters believe that recent significant cryptocurrency ownership outflows by important market participants are clear signs that the price of Compound (COMP) will continue to rise. These backers are optimistic that Compound and its chances for future growth are looking good thanks to the withdrawals made by crypto whales, who own substantial sums of digital assets. Bullish investors predict Compound may even surpass the remarkable valuation of about $80 in the upcoming weeks as a result. This upbeat attitude is based on the idea that these powerful players’ withdrawal activities reveal their trust and confidence in Compound’s long-term potential, acting as a catalyst for the stock’s upward trend. The Superstate assets will have the chance to be represented on the Ethereum blockchain, claims a prospectus filed with the Securities and Exchange Commission. The prospectus stressed the use of blockchain technology and the advantages of “operational efficiencies” that come with it. On the Ethereum blockchain, Compound is a protocol for an algorithmic money market. In particular, the current DeFi craze is ascribed to this network for initiating it. In the middle of the summer of 2020, Compound was the first platform to introduce yield farming to the market. In many ways, yield farming is comparable to staking cryptocurrency. Leshner established one of DeFi’s earliest protocols to draw substantial asset contributions. Compound and a few other protocols, including MakerDAO, were among the first to demonstrate that blockchains might be used for purposes more than just transferring tokens. The DeFi Summer liquidity mining boom began with COMP’s introduction in June 2020. Meanwhile, rumors spreading across social media that COMP holders would get some form of airdrop from Superstate provide a potential reason for the price movement of COMP. However, there has been no formal statement from Superstate stating that COMP will participate in the activities of the new company.
Long
by moonypto
10
COMP: Pullback in UptrendTrade setup : Price is in an Uptrend. Following a bullish breakout from a Symmetrical Triangle, price reached $100 resistance for a +70% gain, but got very overbought (RSI > 80!) and pulled back on some profit taking. Pullback near $68-$70 support area could be an attractive swing trade entry in Uptrend, with +40% upside potential back to $100. That $6 support level is near 50% Fibonacci Retracement level, which is also a possible support. Stop Loss (SL) level at $64. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $68 - $70, then $60. The nearest Resistance Zone is $80, then $100.
Long
by altFINS
A tasty entry point for the Compound cryptocurrency!📂 NYSE:COMP #Compound (COMP/USDT) (March 12, 2024) (#COMP, #Spot) Compound (COMP) — stands out in the decentralized finance (DeFi) landscape as a pioneering protocol built on the Ethereum blockchain, enabling users to lend and borrow a variety of cryptocurrencies. ▫️ What sets Compound apart is its innovative approach to interest rates, which are algorithmically determined based on the supply and demand dynamics of the market. This feature ensures that users can earn competitive interest on deposits and borrow against their crypto assets efficiently. ▫️ Furthermore, Compound's open-source nature allows developers to seamlessly integrate and build upon its platform, enhancing its utility and accessibility. Its permissionless system, which requires no KYC procedures, opens the door for a broad spectrum of users, from individuals to institutional investors, making Compound a key player in the DeFi sector. 🕵️ Investors (Tier 1,2): Bain Capital, Paradigm, Polychain Capital, a16z (Andreessen Horowitz), Coinbase Ventures 🟢 Entry price: $87.77 🟢 Take Profit 1: $175.54 (50%) 🟢 Take Profit 2: $360.00 (10%) 🟢 Take Profit 2: $490.00 (10%) 🟢 Take Profit 2: $640.00 (10%) 🟢 Take Profit 2: $740.00 (10%) 🟢 Take Profit 2: $790.00 (10%)
Long
by UnknownUnicorn285026
1
Compound's Rise: Analyzing Its Path to a $156 ValuationCompound (COMP), as one of the pioneering platforms in the decentralized finance (DeFi) sector, has demonstrated remarkable resilience and potential for growth despite the challenges faced in the crypto market, particularly during the tumultuous year of 2022. Its ability to remain a significant player in the crypto space, even when faced with adverse conditions such as legal challenges and market downturns, underscores its foundational strength and the trust it has garnered within the DeFi community. The price of COMP has seen considerable volatility, reflective of the broader crypto market's dynamics. However, it's important to note the instances of recovery and interest from major investors, or "whales," which have periodically boosted its price. Such movements indicate a sustained interest in COMP and suggest potential for future appreciation, especially as the market stabilizes and grows. The technical and fundamental aspects of Compound also provide a solid basis for optimism. As a DeFi platform, Compound offers a unique value proposition by enabling users to earn interest on deposits and borrow against them, a feature that has become increasingly popular among crypto enthusiasts seeking passive income streams. The governance model of COMP, allowing token holders to vote on key decisions, further enhances its appeal by promoting a decentralized and user-driven approach to platform development. Looking ahead, the projected price increases, as suggested by various analyses including the Gemini AI platform, point towards a positive trajectory for COMP. While short-term predictions indicate a rise to $72.74, medium-term forecasts suggest a potential increase to $156.00, with long-term expectations reaching as high as $566.49. These predictions, while speculative, are based on a combination of factors including market sentiment, regulatory developments, and Compound's own roadmap and partnerships. It's crucial, however, to approach these predictions with caution. The crypto market is notoriously volatile, and while the prospects for Compound appear promising, investing in crypto assets carries inherent risks. Potential investors should conduct thorough research, consider the market's volatility, and never invest more than they can afford to lose. In conclusion, while the potential for COMP to rise to $156 in the foreseeable future is supported by both technical indicators and fundamental strengths, it's important to remember that this analysis is not financial advice. For those considering an investment in Compound or any other cryptocurrency, it's recommended to proceed with caution and consider registering through referral links to potentially secure additional rewards from crypto exchanges and the referring party.
Long
by UnknownUnicorn285026
1
COMP/USDT bullish horizon ascending channel? 🚀COMP Analysis💎 Paradisers, set your sights on #COMPUSDT as it navigates an ascending channel, gearing up for a promising move from its demand zone. 💎 #COMPOUND has faced resistance at $75.92, leading to a retreat. Currently, it's challenging the resistance within the ascending channel, displaying strong momentum with significant green candles. This indicates a potential break above resistance. Maintaining this momentum could catalyze a significant bullish journey, pushing past key resistance levels. 💎 In the dynamic world of cryptocurrency, flexibility and adaptability in strategy are crucial. If #COMP encounters difficulty in maintaining its ground at this critical demand zone, switching gears to a backup plan may be necessary. A bullish resurgence from the support level at $61.05 could be on the horizon.
Long
by MyCryptoParadise
COMP: Resistance BreakoutTrade setup : Price is in an Uptrend. Following a bullish breakout from a Symmetrical Triangle, price has also broken above $60 to signal continuation of uptrend, with +15% upside potential to $68-70. Price is now retesting that breakout. Stop Loss (SL) at $55. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $47 (previous resistance), then $36. The nearest Resistance Zone is $60, then $68 - $70 and $80.
Long
by altFINS
1
COMP Manipulation in Horizontal Accumulation 🔄💰Compound (COMP) has been engaged in an extended period of trading within a well-defined horizontal accumulation range, featuring clear boundaries at both the upper and lower ends. This characteristic setup provides ample opportunities for significant players to manipulate the market, given the presence of hidden stop-loss orders. The recurrent strategy involves strategic sweeps of either boundary, leading to notable reversals. The current anticipation is for a retest at $35, facilitating a sweep of the lower boundary and paving the way for an upward move towards the initial target at $68. 🔄 Dynamics of Horizontal Accumulation: COMP's extended trading within a horizontal accumulation range establishes distinct upper and lower boundaries. This structure creates an environment conducive to market manipulation, particularly by significant players seeking to exploit hidden stop-loss orders within the range. 🎯 Stop Loss Hunting Strategy: The dynamics of COMP's trading involve a strategic approach known as "stop-loss hunting." This strategy capitalizes on the formation of liquidity pools at the upper and lower boundaries, encouraging traders to place stop-loss orders within these levels. The subsequent sweeping of one of these boundaries triggers the stop-loss orders, leading to market moves. 🚀 Execution of Strategic Sweeps: COMP executes strategic sweeps by intentionally triggering stop-loss orders at either the upper or lower boundary of the horizontal accumulation range. Each sweep has been historically followed by a significant market reversal, allowing players to capitalize on the ensuing price movement. 🔍 Anticipated Retest and Upward Move: The current expectation is for COMP to retest the $35 level, providing an opportunity for a sweep of the lower boundary. This strategic move aims to clear out stop-loss orders and set the stage for an upward trajectory. The initial target for this upward move is set at $68. 💡 Trading Considerations: Traders observing COMP should be mindful of the stop-loss hunting strategy at play. The retest at $35 could serve as a crucial juncture for potential market manipulation and subsequent upward movement. Implementing effective risk management strategies is paramount for navigating such market dynamics. 🔮 Future Outlook: The technical analysis suggests that COMP's trading behavior within the horizontal accumulation range provides strategic opportunities for market manipulation. Traders should closely monitor the retest at $35 and be prepared for potential moves as COMP aims to sweep the lower boundary and target $68. The cryptocurrency market's dynamic nature emphasizes the importance of adaptability and risk management in trading decisions.
Long
by AlexWhale
COMP SHORT SETUPAn ABC is seen which appears to have been a bearish triangle wave B. Now it seems that you are in the final wave of this triangle, i.e. wave e of B The red box is expected to drop towards the specified targets. I put the targets on the chart. Closing a 4-hour candle above this level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
1
COMP/USDT Gearing Up for a Bull Run? 👀🚀COMP Analysis💎 Paradisers, turn your attention to #COMPUSDT, as it's currently showing promising signs of an upcoming move from a key demand level. 💎 #Compound is tracing an upward path, indicating a potential bullish breakout from its current demand level. It's anticipated to retest the demand level at $47.5 before continuing its upward trajectory. If #COMP can maintain its position above this level, it sets the stage for an ascent toward the significant supply zone at $84. 💎 Nonetheless, If #COMP encounters resistance in holding its ground above the $47.5 level, a strategic shift in our trading approach might become necessary. In that case, we would adjust our focus towards initiating a bullish movement from a slightly lower bullish OB level at $38.7. 💎 Keeping a vigilant eye on this level is critical, as a drop below could trigger a significant downward move. 💎 Stay alert and prepared, Paradisers. Your ParadiseTeam is committed to offering the latest market insights and strategic guidance to ensure you're well-prepared to handle these market developments.
Long
by MyCryptoParadise_Simon
COMP: Resistance BreakoutTrade setup : Bullish break out from Symmetrical Triangle pattern, above 200-day moving average, signaled resumption in Uptrend. Bullish break above $60 signals continuation of uptrend, with upside potential to $80 near-term. Stop Loss (SL) at $54. Watch our recent Trading Video explaining a recent trade setup, including Take Profit and Stop Loss levels, and calculating a Risk-Reward Ratio. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $47 (previous resistance), then $36. The nearest Resistance Zone is $60, then $80.
Long
by altFINS