COMP Breakout!Price zooming higher as COMP managed to break the channel. Let's see if the momumtum continues.
COMPUSDT
COMPUSDT Crypto 30/04/21 Analysis 4H ChartBINANCE:COMPUSDT Current analysis for the crypto pair "COMPUSDT"
COMPUSDTAfter breakup MA231 I thing we will touch the trend line-> that ist 1st target ( SL -> entry prize) and if we break the trend line than my target is about 500.
Trading idea for COMPUSDTIf this retest becomes successful and BTC trend lets, COMP may reach its previous resistance levels.
COMPUSDTI got a feeling that too many of you guys are stuck in this coin day trading.
I did a great jump up, FOMO happened and here comes the dump.
If you still got it and your liquidation point isn't anywhere close, hold it.
It's got 2 strong supports + a strong lower Bollinger band which can activate support even more and stronger than before.
It's an alt coin so you won't end up losing money if you don't panic sell now.
This is not a trade setup, it's for the people who already bought this coin and are having panic sells.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
Trading idea for COMPUSDTCOMP is continuing to its cup pattern steadily. We may see some small corrections along the way up but we need to be patient.
The Compound ,Protocol's DeFi Lending Token ;(COMPUSDT analysis)Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications
Put simply, Compound allows users to deposit cryptocurrency into lending pools for access by borrowers. Lenders then earn interest on the assets they deposit. Once a deposit is made, Compound awards a new cryptocurrency called a cToken (which represents the deposit) to the lender.
(Rank #53 - kind:Token- On 94,663 watchlists
Market Cap: $2,434,703,938 , Market Cap / TVL Ratio: 0.2804
Fully Diluted Market Cap: $4,796,691,251- Total Value Locked (TVL) :$8,660,847,179
Volume24h: $375,729,658 , Volume / Market Cap : 0.1546
Circulating Supply: 5,075,799 COMP - Max Supply : 10,000,000)
What Is 🌟 Compound (COMP) 🌟?
Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.
When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.
Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.
❇️Who Are the Founders of Compound?
Compound was founded in 2017 by Robert Leshner and Geoffrey Hayes, both of whom previously worked in high-profile roles at Postmates — an online food delivery service. The two continue to hold executive positions at Compound Labs, Inc — the software development firm behind the Compound protocol, with Leshner currently serving as CEO, while Hayes is the CTO.
refrences: coinmarketcap - compound.finance
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for COMP/USDT, the price is trading at around $470.
well,It has started its upward trend since last November,
and now by forming the flag pattern it show a continuation pattern of the trend, and it seems that it is still in the uptrend and although the #DEFI season has not started again, surely when starting of that ,comp it is one of the crypto's project that have a good potential ,also it is possible to correct to first support and then continue its uptrend and in weak senario the second support will be valid.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
COMP: SHY OF A CROSS TO JUMP HIGHEREverything is aligned for COMP to climb higher. When the probable cross happens between MA20, MA30, & MA 50, COMP could be ready to fly!
COMPUSDT Resistance BreakoutCOMPUSDT (4H Chart) Technical Analysis Update
COMP/USDT currently trading at $564
Buy-level: Above $575(only buy if 1H candle closes above $575)
Stop loss: I will update once i see the breakout
Target 1: $625
Target 2: $700
Target 3: $750
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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compsalam felan k dakhele ye kanal gharar dare. age betone mahdode moghavemate khodesho beshkone mitone be target heye moshakhas shode berese. vagarna eslah gheymati ro shahed hstim ta mahdode kaf kanal.
COMP/USDT Slowly but Surely Hello,
Demand seems to be intense in the region between 435$-455$ and $400 zone for COMP/USDT and rise amounts looks like similar.
We might see some Higher Highs soon.
Targets:
1) $545
2) $582
Cheers,
COMPUSDT - Nison: PB&J- Daily Chart: Bullish Engulfing Pattern / ~Hammer / TD Sequential 2>1 within Nison PB&J Sweet Spot (SMA 10 / EMA 30).
COMPUSDTPrice is in the accumulation phase and indicating the uptrend on the higher time frame, there is a higher probability that price can go upside for ATH.
Take the trade based on your trading plan and al always follow the proper risk management to stay consistent profitable.
Bullish trend idea of COMPHi everyone,
It’s my idea about bullish trend of Comp, what do you think about that?!
