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COMPUSDT

DEFI continues to rip!There are a lot of coins that are still looking for use cases out there. I remember when there were coins that said that they can do anything and everything. They would even tie your shoe for you! According to the shills that is. Right now in crypto, there is a group that just doesn’t stop. That is the newly founded Defi movement. These coins have found an area where they can actually be useful. In a world where interest rates are in the zero bound, how can savers make their 7%?It sure isnt high interest savings accounts or bonds. What about high dividend paying stocks? Well dividends are being cut left right and center! Defi has that answer with many different ways to make that happen. So what coins are part of this? Well there are a couple of ways to track them. I personally have made lists from some of the sites like coinmarketcap and coingecko. They both have tabs specifically for the Defi movement. FTX exchange also has a Defi ETF that gives you exposure to some of the bigger names in the space. We will use that as a charting tool. So if some of the bigger names in the space have done 100% in 50 days, what are some of the smaller cap coins doing? The answer is way more. We can cover some of the specific names over the next few days, but one thing is for sure, this is the area that the money is flowing to right now in crypto. So manage your risk and keep your head on a swivel! Happy Trading! Brandon Anderson www.derzzycharts.com
FTX:DEFIPERPLong
by derzzycharts
Potential Mega Phone Setup COMP/USDTPotential Mega Phone Setup COMP/USDT Looks like its close to time again?! Got your bag yet? Looks like it could be a easy 50% or even 74% in the next leg up. That's if this megaphone holds true. There is some major VCs behind this one like Bain Capital, Andreessen Horowitz, and Polychain. I do believe this is the final step down before the break out commences. It does look like we have completed wave E in the falling wedge pattern in yellow trend lines. The RSI on the 4hr chart is @ 36, freshly bouncing out of oversold territory near 26. 30 and below is considered oversold. A TD 9 was also dropped on the large candle down to where we are now on, July 13 2020 @ 16:00 on 4hr and a few other time frames. The MACD in the 4hr is in bearish territory but we got to remember the MACD is a lagging indicator. On that note, it does look ready for a possible bullish cross and keep in mind I am predicting the break out to happen. It also has lots of room for a break out to take place. Remember there is a decent chance that we may have a rejection @ $220 will have to watch that blue price line closely! This would make a good accumulation pattern. I do believe it has a pretty good chance that this scenario may playing out. What do you think? Leave your thoughts and comments below. Please drop me a like! Reminder this is just speculation, just like all trading not financial advice! Set a stop loss!
Long
by Max_FINEancial
1
Compound (COMP) - July 3~6 (1h)Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- It is necessary to check if you can receive support at 168 until 20:00 (UTC) on July 6. I think we need sideways to escape the downward trend line (2). If you fall at 168, you need to make sure you get support in sections 121-140. If you can get support in the 121~140 section until 18:00 (UTC) on July 9, I think there is a possibility that you will deviate from the downward trend line (2). After deviating from the downtrend line (2), we need to see if we can get support above the 196.74815479 point. Because the temporary rebound may not continue the upward trend and may fall even more, you must confirm your support. -------------------------------------------------- ---------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment.
by readCrypto
6