From where we put the green arrow on the chart, it looks like a triangle is forming.
We now seem to be in the microwaves of the large D wave.
It can be rejected from the supply range to the green box.
The targets are marked on the picture.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget...
COMP Rallies Over 100% After CEO Quits !
Robert Leshner, the well-known creator of the DeFi lending platform Compound Finance, has resigned from his position as the CEO of the DeFi lending protocol.
Leshner recently announced his plan to launch Superstate Trust, a new business venture. The creation of a short-term government bond fund is the goal of this...
#COMP
The price is moving in a sideways channel on the 4-hour frame and we have a green support area at the 76 level
We have a higher stability moving average of 100
Now we have a nice breakout coming up
Our RSI indicator has a well reliable upward trend
Entry price is 90.00
The first goal is 99.30
The second goal is 107.27
The third goal is 118.37
it broke the trendline with highvolume and it went to retest so i am seeing a long opportunity please be careful i might be wrong this is not a financial advice you make your own choice
#COMP
The price has been moving in a descending triangle since April 2022
Take a price and respect the support at 35 $
The price is now at the upper border of the channel
The price is expected to break the downtrend
At the first price of 56 $
First goal 109 $
Second goal 167 $
With an oversold presence on the MACD
The price will be paid after breaking the...
#COMP
The price is moving in a triangle for 1 day
About to break higher
We have a bearish divergence. Please be careful not to close below the uptrend. In this case, the pattern will be canceled
We wait for the breakout to reach the next targets
Entry price is 53.54
The first goal is 54.65
The second goal is 56.58
The third goal is 59.70
COMP / USDT
After 22 months of accumulation in this boring range and 2 main events of liquidation for buyers and sellers …
it seems ready more than any time before for breakout
If breakout done successfully expected a huge bullish move
An ABC is seen which appears to have been a bearish triangle wave B.
Now it seems that you are in the final wave of this triangle, i.e. wave e of B
The red box is expected to drop towards the specified targets.
I put the targets on the chart. Closing a 4-hour candle above this level will violate the analysis.
For risk management, please don't forget stop loss...
It seems that from where I entered "Start" we are inside an ABC, which is a diametric B wave and it is over. And now we are in wave C.
If the price reaches the supply range, we will look for sell/short positions in this range
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change...
By examining the COMP chart, we can see that this symbol has completed a major double correction. What appears to be the second part of this double correction is a large triangle that is coming to an end By maintaining the green area, it can continue to climb. I have specified 2 targets for this symbol.
In August, COMPBTC exhibited a precise bounce off the 78.6% Fibonacci support level, marking a significant turning point. Subsequently, the price has primarily traded within a range, all while staying below the downtrend trendline. However, a noteworthy development is the emerging pattern of higher highs and higher lows, hinting at potential preparations for an...
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the COMP symbol.
comp can go up to targets by breaking the TL line. If it reaches the green box once again, it is suitable for oscillation.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to...
Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the COMP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
we had our previous Publications TP Achieved
currently we can see a Bullish Hidden Divergence of price with MACD, which is the sign of trend continuation,
using Fibonacci Projection for the Target Specifications.
1TP is the parallels leg of Fibonacci projection and easy to achieve by nest impulse wave after the current retracement.
if 2TP triggered with the...
Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the COMP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
hello dear trader
What Is Compound (COMP)?
Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.
To learn more about this project, check out our deep dive of Compound.
When a user deposits tokens to a Compound pool, they receive cTokens in return....
