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COMP

COMPOUND COMP price ready for x2 growth?Today, we liked the Compusdt trading pair on global 3 days chart. It has not been analyzed for a long time, but now I liked that the Compusd price is moving in its own way, despite the maneuvers of the BTCusdt price. In general, Compound Protocol is in the top 10 in terms of volumes of blocked resources (TVL) in DeFi protocols Perhaps the individual behavior of the Compound price is somehow affected by this news: "DeFi project Compound has launched a lending service for institutional investors" Or maybe something more interesting is being prepared in the project, which we will find out after the COMP price shoots up) Summing up: while the COMP price is above $55, there is a good chance for x2 growth to the $100 area, where there is a strong liquidity zone. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
20
$COMP $COMPBTC #COMPBTC #COMPUSDT Bull Flag in Progress Here?I'm eyeing both the BTC & USDT pairing of COMP (Compound), which, although a little different, seem to be telling a similar story. COMPBTC in particular has my attention because the price has finally made it's way over the 200 MA on the day chart, which is huge. All the MA's are curling up nicely under the price, and it's making me think we've got just a few more days of consolidation (within a bull flag) before making a move up, possibly coming back and touching it, and then moving up higher. I think the USDT pairing will likely take off when the BTC pairing does, and probably spend the next few days consolidating as well, as the 100 day MA is crossing nicely upward with some other smaller time frame MA's on that chart. My target is appx 240, which represent some major price levels that can be seen on the month charts.
Long
by UnknownUnicorn1935796
$COMP so ready for a full blown reversal #comp #compusdtThe overall pattern is a massive inverse fibonacci that's had a 227 touch followed by consolidation, & now, a higher low. The price will, I suspect, now form a regular fibonacci and touch the extension marked, which lines with the last price level on the small time frame. I suspect it will retrace there slightly, then continue up further. My ultimate target (in the coming weeks) is around $240, where the MA's/price levels are on the month chart. I see the stoch rsi on the week turning up to support this theory.
Long
by UnknownUnicorn1935796
$COMP $COMPUSDT Large Inverse Fibonacci + Wedge-breakout coming?Like with most charts, I like to zoom all the way out to the monthly to see the larger picture at play. Here, it looks to be like there is a large inverse fibonacci retracement happening, in which the price has already hit the 227 extension. Combined with this, it looks as if the price has fallen within this large wedge, of which the month of July broke out of. Also, the price is squarely resting on the all time point of control. Lastly, the stoch rsi on the month is extremely flat and crossed. It looks to me as if the price is due for a move up! I do see a tiny fibonacci on the smaller time frames (an inverse one), that could result in the price dropping further from here. It just would seem unlikely to me though, given everything else I've mentioned that the chart has going in favor of a bullish scenario. That said, BTC to me looks as if it's got a bit of dropping left, and that could possibly affect the price trying to squeeze out any last bit of dropping possible.
Long
by UnknownUnicorn1935796
COMP is trying to breakout Rising wedge pattern Hello guys ,Today i saw an interesting wedge pattern on Compound and i thought it will be a good setup. open your position after breakout.(wait,don't open your position fast !) first target is between 43.00 and 47.00.(it's safe to close your position) but if it's going to break the first Support Area , you can close your order between 26.00 and 29.00. it's just an idea , always do your research and analysis. don't forget to follow and boost this idea :) thank you.
Short
by Crypto2021_2021
2
COMP USDT SHORT SWING| COMPUSDT | SHORT @ 52 - 50 | TP @ 49, 48, 47, 46, 45 | SL @ 58 | PATTERN = TRIPLE BOTTOM BREAKDOWN | COINBASE | TRIPLE BOTTOM BREAKDOWN ON BPI CHART HOURLY Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames COINBASE:COMPUSD BINANCE:COMPUSDT BINANCE:COMPUSDTPERP BINANCE:COMPUSD BITSTAMP:COMPUSD BITFINEX:COMPUSD FTX:COMPUSDT BYBIT:COMPUSDT
COINBASE:COMPUSDShort
by Coindatahouse
Compound vs Bitcoin Long-Term (Bullish Confirmed)The bullish bias has now been confirmed for Compound. We are looking at COMPBTC but also COMPUSDT has gone bullish. Notice the candle marked 13-June. The Doji with -8 TD Sequential count marks the low. The full green candle that follows confirms the low. The current candle with a long wick below EMA10 (0.002376) just to recover and close the week above this level confirms the bullish bias. With these signals in, the low, bounce and test of short-term support, we can expect prices to start moving up. A change of trend = Long-term growth. Long-term growth = Higher highs and higher lows. Namaste.
Long
by AlanSantana
5
Compound Cup & Handle Breakout Target (45%)We have a perfect C&H pattern now breaking bullish on the COMPUSDT chart. We have high volume, green candles and bullish indicators... This is all pointing higher. The target is set at 45% from the current prise based on the chart pattern. There can be additional growth. Namaste. -- Disclaimer: All the information shared here is intended for learning and/or entertainment purposes only. Make sure to do your own research and build a plan/strategy before trading.
Long
by AlanSantana
6
Compound vs Bitcoin | Triple ReversalGood Sunday my fellow cryptocurrency trader, we will focus on 3 signals only for Compound vs Bitcoin (COMPBTC) today. Feel free to support our work in whatever way you see fit! Let's get started! COMPBTC 3X Bullish Chart Signals (1) Full Green Candle (Break above EMA10) Today's candle is full green on rising volume. This candle is also breaking a downtrend; Breaking above EMA10 after a Doji... (2) Doji Candlestick -8 Doji at a new low closing green predicts this weeks candles. (3) RSI Bullish divergence A very strong divergence on the RSI with more than a year in place. Compound looks good vs Bitcoin. Namaste.
Long
by AlanSantana
3