After blood has been in the street, several altcoins have triggered Hash Ribbons Buy signals (and BTC is about to print one which has never occurred in the history of BTC DURING a bull market).
COMP is one of the first to trigger this buy signal which suggests it will also be one of the first to reach its ATH before other altcoins and then some. LINK just triggered one as well.
If we extrapolate the last buy signal percentage gained of 344%, this would put COMP at $2,236 which I think would occur in less time as the bull market is fully underway rn.
Also with $14B of total value locked and growing and only a $2.2B market cap ... COMP is still strongly undervalued imho. DeFi is here to stay and will only accelerate in terms of adoption in the coming weeks / months.
Other altcoins that are about to trigger a Hash Ribbons buy signal:
FTM, FET, XRP, RAMP, ONT, UNI
COMP is one of the first to trigger this buy signal which suggests it will also be one of the first to reach its ATH before other altcoins and then some. LINK just triggered one as well.
If we extrapolate the last buy signal percentage gained of 344%, this would put COMP at $2,236 which I think would occur in less time as the bull market is fully underway rn.
Also with $14B of total value locked and growing and only a $2.2B market cap ... COMP is still strongly undervalued imho. DeFi is here to stay and will only accelerate in terms of adoption in the coming weeks / months.
Other altcoins that are about to trigger a Hash Ribbons buy signal:
FTM, FET, XRP, RAMP, ONT, UNI
Comment:
Additionally, COMP had another buy signal not too long ago at the end of April so this is doubly strong imo ... haven't seen any other projects with 2 buy signals so close together as this yet.
Comment:
Let the V shape begin
