Hi dear friends, hope you are well and welcome to the new trade setup of Compound (COMP) token with US Dollar pair.
In previous trade setup, the priceline of COMP moved slightly down than potential reversal zone but recovered soon and then pumped well:
Now on a 4-hr time frame, COMP has formed a bullish Gartley move for another pump soon.
Note: Above idea is...
Moving into potential reversal zone - BINANCE:COMPBUSD
High pressure zone, with a longstanding resistance. Seeing reversal on the HTF, MTF and LTF indicators.
Potential for a 3+ R:R scalp short with SL, TP #1,#2 & #3 in chart.
The Compound runs near the lower line of Ascending Channel & PRZ (Price Reversal Zone).
I expect Compound to grow UP at least( 10% ) to the middle line of Ascending Channel and Pitchfork's line.
Compound Analyze Analyze ( COMPUSDT ) Timeframe 4H ⏰ (Log Scale)
Do not forget to put Stop loss for your positions (For every position you want to...
Fundamental Analysis:
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.
When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the...
Fundamental Analysis:
Like many digital assets, only a fixed number of COMP tokens will ever come into existence. The total supply is capped at 10 million COMP and as of writing, less than a third are in circulation (~3.3 million).
Out of these 10 million tokens, just over 4.2 million tokens will be distributed to Compound users over a 4-year period. The second...
ROUNDED BOTTOMS PAY THE BILLS
I have marked all major resistance zones. hopefully it is going to break that resistance zone and and convert it into new support.
Cheers
Compound seems to be ready to break up this triangle📐 and if successful I think there is chance for run to 720 and even higher.
ENTRY: triangle high @ 532
SL: local low @ 474
TARGET: height of the triangle projected from midpoint of the local range @ 720
RRR: 3.3
INVALIDATION: when SL level hit
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Check...
Compound seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 481 and even higher.
ENTRY : local high @ 445
SL : local low @ 432
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 481
RRR : 2.7
INVALIDATION : when SL level hit
Like👍, follow✒️, enjoy📺!
