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COMPUSDT

COMP Fib Targets PT1 $622 PT2 $728COMP is just doing a simple retracement and it made it all the way to the 100% retracement zone. Now we can expect an impulse higher with BTC stabilizing. Next PTs for COMP using the 4 hour swing low and swing high points are as follows. PT1: $622 PT2: $728 Will follow a trajectory similar to the orange line I posted. Once we take these two price targets by end of May, we can then target ATHs again by mid-June imho. Bonus: COMP has performed flawlessly in the selloff - many expected DeFi projects to get totally destroyed in the selloffs considering they rely on automation and specific price reference algorithms to a large degree - COMP performed well and their $14B TVL is still completely in tact. Also COMP did print a Hash Ribbons BUY signal on the 17th... this is massively bullish for the project and means there is imminent upside ahead.
Long
by ich1baN
4
ETH Next Fib Targets PT1: $3,177 PT2: $3,740ETH is just doing a simple retracement b/w the .382 and .5 Fib retracements zones. Next PTs for ETH using the 4 hour swing low and swing high points are as follows. PT1: $3,177 PT2: $3,740 Will follow a trajectory similar to the orange line I posted. Once we take these two price targets by end of May, we can then target ATHs again by mid-June imho. Bonus Content: Ignore the FUD and look at the charts - will be doing a live stream tonight on Youtube and will go over macro BTC / ETH / Bull Cycles / Inflation / Econ 101 / and TA on your favorite altcoins (check my profile to see the link) Also ETH did print a Hash Ribbons BUY signal on the 17th... this is massively bullish for altcoins - some other Buy signals triggered were in COMP / LINK / MATIC
BITSTAMP:ETHUSDLong
by ich1baN
6
COMP: Hash Ribbons BUY Signal Formed! PT $2,236After blood has been in the street, several altcoins have triggered Hash Ribbons Buy signals (and BTC is about to print one which has never occurred in the history of BTC DURING a bull market). COMP is one of the first to trigger this buy signal which suggests it will also be one of the first to reach its ATH before other altcoins and then some. LINK just triggered one as well. If we extrapolate the last buy signal percentage gained of 344%, this would put COMP at $2,236 which I think would occur in less time as the bull market is fully underway rn. Also with $14B of total value locked and growing and only a $2.2B market cap ... COMP is still strongly undervalued imho. DeFi is here to stay and will only accelerate in terms of adoption in the coming weeks / months. Other altcoins that are about to trigger a Hash Ribbons buy signal: FTM, FET, XRP, RAMP, ONT, UNI
Long
by ich1baN
6
COMP/USDT ANALYSIS, LOOKS WEAK, POTENTIAL SHORTNow we analyze COMP/USDT. We see here the major bearish divergence which signals a downward movement. If this downward movement takes places which looks very likely, we can see a move to support at $608, if we can breach $740 and keep 4HR candle above it then we can see possible move upwards, I am not taking position here but best bet is a short to $608, take profit at $640 to protect funds and always use proper SL, here are the important levels, also lots of selling on MAC so watch that as well. Support: Local $706/$608 Resistance: Local $859/$909 Always use SL to protect funds, use 3% or your best judgement.
Short
by jcrozb
1