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COMPUSDT

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 ------------------------------------------------------------------------------------------------------------------- ✅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.) -------------------------------------------------------------------------------------------------------------------- 👉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
Long
by PRO_SMART_Trader
2
$COMPUSD - Long on Triangle and FlagHello everyone! Compound is traded inside a symmetrical triangle, the projection on the chart is theoretical based on the price action. There are two points where I suggest to close long positions, 1 - based on the flag pattern, 2 - based on the triangle pattern. You can partially close position at 1 and wait for 2, up to you. The best point to keep in mind in all chart pattern trades is wait for a breakout, the best of the best is wait for a breakout and retest, so wait for a signal and perform the necessary trade.
KRAKEN:COMPUSDLong
by realMarketSurfer
2
Compound (COMP) - March 25Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- We have to see if we can get support and climb in the 309.65-323.78 segment. If it falls between 309.65-323.78, Stop Loss is required to preserve profit and loss. In order to turn to an uptrend, it must rise above the 385.64-423.64 section and gain support. In particular, it remains to be seen if it can rise above the uptrend line (2). ------------------------------------------- (COMPBTC 1D chart) You need to make sure you get the support at the 0.006573 point. In order to turn into an uptrend, it needs to rise above 0.008439 and gain support. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto