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COMPUSDT

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