Take a look at this descending channel... It has been broken and prices are now above the EMA21 line.
We are seeing bullish action develop since Nov. 5th.
The RSI is now looking good with bullish divergence and higher lows:
It is already moving higher, with lots of room left for additional growth.
Additional information and targets can be seen on the...
Compound initially began as a tokenless protocol. Upgrades and changes were made unilaterally by the Compound Labs team. The protocol was still non-custodial but there was a centralized entity that retained administrative privileges. In order to remove themselves from this position, the team introduced COMP, a token used to govern the protocol. After several...
#Compound is pulling back to give us entry after that clear breakout of parallel channel.
I believe this is a new opportunity to long it before a possible bull run!
Current Price= 107.06
Buy Entry= 107.03 - 102.23
Take Profit= 116.77 | 123.26 | 133.20
Stop Loss= 96.51
Risk/Reward= 1:1.5 | 1:2.29 | 1:3.52
Expected Profit= +23.20% | +35.62% | +54.62%
Possible...
COMP is continuously breaking the lowest levels so we should not expect too much on this coin.
Currently, selling pressure has subsided and COMP is looking to rebound with Inverse Head & Shoulders. This pattern will be formed if the COMP fails to break the 92$ bottom and bounce back to break the 108$ zone. The target is the 120$ zone.
The main trend of COMP is...
Looking at the chart here COMP is likely to go on a strong uptrend IF it closes the daily candle above $110.
MACD and RSI are also providing lots of space to run.
I can only see it going upwards from here if it close above $110.
SL at 104.
