Compound (COMP) Project Overview + Fib. Levels

About Compound

Compound (COMP) is an ERC-20 asset that powers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on changes to the protocol.

By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol, and will be incentivized to collectively steward the protocol into the future with good governance.

Source: Coinmarketcap.com
Website: compound.finance/governance/comp
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Compound (COMPBTC) caught my attention recently... This one is available for trading on Binance, Bittrex, Coinbase, Okex, and HitBTC... More exchanges than usual.

When you look at the COMPUSDT pair, this one is available on Poloniex, KuCoin, and FTX, reaching all major exchanges.


Compound (COMPBTC) Chart Analysis

This one has little history and the potential to bounce from current prices...
But there aren't any strong bullish signals, prices can as easily continue lower.

This is not financial advice.

Namaste.

Comment:

0.0156 my next target...

Comment:

Full trade shared August 7 (BC)
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Compound | COMPBTC

ENTRY: 0.01150 - 0.01290

TP1: 0.01450
TP2: 0.01550
TP3: 0.01680
TP4: 0.01840
TP5: 0.02065
TP6: 0.02300
TP7: 0.02470

STOP: Close daily (D) candle below 0.01070

Comment:

Over 78% profits... Enjoy.

TP1: 0.01450 |Hit
TP2: 0.01550 |Hit
TP3: 0.01680 |Hit
TP4: 0.01840 |Hit
TP5: 0.02065 |Hit
TP6: 0.02300
TP7: 0.02470

Trade closed: target reached:

Over 100% of profits... Enjoy.

TP1: 0.01450 |Hit
TP2: 0.01550 |Hit
TP3: 0.01680 |Hit
TP4: 0.01840 |Hit
TP5: 0.02065 |Hit
TP6: 0.02300 |Hit
TP7: 0.02470 |Hit
TP*: 0.02626 |Hit