COMP broke of trend has heaps of room to go
Hey guys, might look like compound is following maker for 47% gains, just a few days later. Compound is also #1 in lending locked up compared to maker #2, so might be a little muted. Thoughts?
COMP / USDT POTENTIAL +30 % AND +70% BULLISH NEWS FROM THE OCC
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There are double bottoms on all major time frames except the monthly and this is a bullish reversal pattern. The neckline is at about 145 USD and the measured target is at about 170 USD. There is also bullish divergence on these major timeframes so if it plays out, it can be a catalyst for a reversal. But with the market conditions right now, it may or may not...
Compound breaked down from the trendline after that made an fake jump to the uptrend and rejected. COMP is still in downtrend guys. Buy zone is only and only after breakout. For people which is holding this coin i prefer to use stop loss at the shared area. If you like my analyse and if you want to get more analyses from me, please don't forget to push like to this post.
rounded bottom and no downtrendlines in site? new defi project missed the initial wave looks good to join for the second round?