COMP - new rocket 🚀🚀COMP is a promising new project. Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by contributing them to one of several pools supported by the platform.
Globally, the price is near a strong support line. Locally, the price has broken the sloping trend line. If the price tests the trend line as support, it would be a good point to buy. Potential targets are marked above.
Be careful, if Bitcoin goes down, all altcoins will go down as well.
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P.S. I personally will open entry if the price will show it according to my strategy.
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COMPUST trade ideas
COMPUND FINANCE (COMP) Looking Nice.Looks like we're sailing towards some price appreciation in the days to come. Blue chip DeFi projects such as Compound Finance will perform well throughout this year. Decentralized lending protocols play such a vital function in DeFi.. We're oversold on the daily Stochastic RSI and about to bullishly diverge on the MACD. I'm liking how COMPs chart is looking moving steadily sideways. May be a decent time to get in on a short term. Only 10,000,000 coins and 55% are already circulated. COMP has great potential to easily be a $1,000+ coin this cycle. Good Support at $400!
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COMPUSDT Technical Analysis
⏳ Spot
💎 COMPUSDT Has broken above the triangle. It may go down for a Pullback before it continues to go up.
🏁 Medium & Long Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 412.0
☕️ TP1 470.0
🍺 TP2 525.0
🍻 TP3 600.0
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 378.0
Good Luck 🎲
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COMPOUND stuck in this zone ? will it break itHi, As you know compound has so much potential but with the uncertainty in the market, in the recent bullish scenario those who bought at high have sold it so the volume of compound decreases at a rapid pace
No compound is consolidating in this for a while there is strong support in this area around 390-400
as we now seeing the volume coming in it will restest the previous support after that we will think to take entries at 400 then will hold it till 550-600. we are eying at that level
COMP/USDTBINANCE:COMPUSDT
The price is on the support line and the level of 1.272 in terms of
The support range can be very strong and cause failure in this area
The fall will be heavy and whether or not you want to take a heavy risk
First wait for the red range to break upwards
Change the green color and if the green range fails
Sign in or increase with reinvestment management
COMPUsdt good Rest now time moveTHIS ANALYSE FOR FRINDS ASK ME :
Comp hada potential for move up little slow but can do it
and start going up
supports:
453.20 Entry Point
420.11 Entry Point
391.95
363.44
You can see Resistance area on chart this hard for break but after break can going for tops
ResistancEs:
509.63
530.98
Targets :
573.12
677.22
837.89
TARGETS FOR hodl:
1098.23
1264.69
1548.81
GL
COMP/USDT { COMPOUND } - BULLISH SETUPANALYSIS 🔎
- COMP/USDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@530.98)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
COMP// Best Entry Point$COMP has a unique pattern forming, usually most alts have the same or very similar patterns, however I dont recall any I've charted recently that look like this.
I like to make assumptions that if alts are sitting on key support levels, then Ideally BTC wont fall through - pulling everything else with it. Most times, when aligned with other variables this ideology works.
What Im seeing on $COMP is a possible rising wedge or
ACTUALLY, scratch what I was about to say. Just glanced at the weekly chart, and this is simply price breaking weekly resistance and retesting, however it shows another perspective on the daily. Both options on the arrows are still viable in the short term though. I will include the weekly chart below.
Let me hear your thoughts.
Compound next price targetAfter correcting above the trendline 525. Price will first either either correct to 600usd. If this happens several possibilities will unfold. 1st a 3-wave pattern triangle might form to quickly give d market a push above 600, then straight way to next target. 2nd, if by chance it fails due insufficient liquidity, might descend to form an ascending channel of 3-5wave pattern, a rectangle of which a breakout will terminate the pattern to move to target. Lastly price moves so fast to target, it's gonna need a lot of bullish pressure to keep it above target of which if d buy orders keep on limiting will result in a mini crash to complete d correction it suppose to have done at 525. This will bring us to the beginning of a new market pattern of descending triangle between target and breakout of which may be continuous or discontinued by a divergence leading to another Elliot wave case event. In summary, a breakout candle is okay to which a bare correction will be needed to satisfy Elliot wave be heading to target. A slight correction is better which will move price to target and leading higher price target.