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COMPUSDT

COMP-6h. Will there be consolidation before test $190?Yesterday's sharp drop in the COMP market showed that continued growth without consolidation is unlikely. In fact, in an hour the sellers lowered the price by 7%. The COMP price stopped before the critical range of $133-140 . Near the $133 mark is a global trend line , which buyers have been holding since the beginning of November. Its breakdown will lead to a sharp drop in prices to $100 . Given the positive dynamics of the cryptocurrency market, the probability of this scenario is low. However, it is better to temporarily get rid of the token if the price is fixed below $130. Our main scenario is to continue growing to $190 . However, this requires complete depletion of sellers at local lows. ___________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
3
Compound (COMP) - January 1Happy New Year!!! Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- It is expected to create a new wave as it rises from the 124.30-139.90 range. We'll see if we can get support at 145.30 and climb above 162.08. If it falls from the 124.30 point, a Stop Loss is required to preserve profit and loss. -------------------------------------------------- ------------------------------------------- ** 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 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. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** 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: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto
3
COMP 12h x2 done, it's time to correct down1.5 months have passed since the previous COMP idea publication , it's time to update it. So, since the previous forecast, the COMPUSDT price has fixed the low at $80.62 , and our thoughts coincided with the market situation. Further, we saw a steady growth and x2 to the COMPUSDT value. $180 is the high that buyers managed to fix, and then sellers began active. At the moment, everything below $158.5 is under the control of sellers. They built the falling price channel, over time we will check how technically it works out. While the price is in sellers' control zone, the most likely route for us is the COMP price move to $123 - a small bounce - a continuation of the fall to $100. So far, without cardinally negative thoughts, but the level of $38, just in case, we will leave on the chart. _____________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
5
COMPUSDT - Buy buyPrecondition: Global trend down Local trend up 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. On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold. 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. You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
7