Get started

Compound

COMP/USD In A bullish Phase Despite Rejection From $247 Monthly Compound price rose to highs close to $250 but retreated to confirm the 61.8% Fibo support. COMP/USD bullish scenario remains intact in spite of the drop from $247 as observed with the RSI. Compound roared to highs above $240 towards the end of the American session on Tuesday. The Asian session on Wednesday has been characterized by increased seller dominance to the extent a reversal occurred with declines making it under $220. On the positive side, support seems to have been established above the 61.8% Fibonacci retracement level of the last drop from $247.18 to a lower price level at $152.68. A bullish reversal is underway at the time of writing with COMP/USD exchanging hands at $225. As more and more buyers to join the market, Compound is set to continue roaring upwards. However, the magnitude of the bullish leg is not known as of now. Looking at the token from a technical angle, we can tell that it is indeed in a bullish phase. In other words, the influence buyers have over the price is likely to stick in the market a while longer. The Relative Strength Index (RSI) is drawing closer to the oversold (70). This follows a retreat from the overbought to the level at 66.94. As it re-enters the region, buying entries are likely to increase. This way, the volume will grow and the only way for Compound would be upwards. The bullish grip is also emphasized by the gap the 50 SMA is making above the longer-term 100 SMA in the 15-minutes timeframe. In addition, the Moving Average Convergence Divergence (MACD) is holding ground within the positive region (precisely at 11.57. It also features a minor bullish divergence of 0.13 to further highlight the bullish picture. For now, support at $220 would be key to gains above $230 and even $240. Compound Intraday Levels Spot rate: $225 Relative change: 31.28 Relative change: 15.90% Trend: Bullish bias Volatility: Expanding
BINANCE:COMPUSDLong
by CoinGape
2
LINK- Multi-time frame and fundamental/Macro analysisDespite Link's fundamental shortcomings, we need to realize that crypto is driven partially by euphoric sentiment and market signal is often times, more important than macro signal, at least in the short run. While the time of reckless speculation may be gone, we can't overlook the effect that DeFi craze and the resurgence of crypto bull market may have on the speculative behaviors. If you bought Link cheaply, congraztz and enjoy the ride. If you are like me, treat it as a deeply discounted swing buy opportunity like most cannabis stocks, just wait patiently until the price drop to the buy zone in my chart without taking on the excessive amount of risk. For short-term speculators, set the wide stoploss in order to avoid the stoploss hunt for over-leveraged longs and be prepared to take loss when the parabolic run ends and the trend line is broken. Link is showing some technical weakness at 4hr time frame, but remains strong and trendy on the daily time frame. Volume reached ATH yesterday and doesn't seem to be slowing down anytime soon. Fundamental and Macro- 1. No clear timeline of Mainnet launch. 2. Unnecessary intermediary and permissioned structure run the risk of being labeled as security token by SEC (Why not just start the centralized oracle?). This argument has been valid for a long time and it is the reason why many investors prefer currency coins (specifically anon coins) and platform tokens over utility tokens. 3. According to Zeus capital, Link's marketcap is way bigger than the decentralized oracle's projected TAM. This can only be justified if TAM is rapidly growing, which isn't true as Link's clients are mostly DeFi platforms, or if LINK can capture nearly 100% of TAM. The latter is impossible as MakerDao, Compound, Uniswap and Coinbase are developing the internal alternatives. Not to mention many centralized lenders such as Genesis and Nexo that indirectly affect Link's value proposition and user case. Don't forget to follow me and like the post. Much appreciated!
KRAKEN:LINKUSD
by Libratus
4
Compound (COMP) Project Overview + Fib. LevelsAbout Compound Compound (COMP) is an ERC-20 asset that powers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on changes to the protocol. By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol, and will be incentivized to collectively steward the protocol into the future with good governance. Source: Coinmarketcap.com Website: compound.finance/governance/comp ------------ Compound (COMPBTC) caught my attention recently... This one is available for trading on Binance, Bittrex, Coinbase, Okex, and HitBTC... More exchanges than usual. When you look at the COMPUSDT pair, this one is available on Poloniex, KuCoin, and FTX, reaching all major exchanges. Compound (COMPBTC) Chart Analysis This one has little history and the potential to bounce from current prices... But there aren't any strong bullish signals, prices can as easily continue lower. This is not financial advice. Namaste.
CLong
by MasterAnanda
3
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