$COMP touched the middle line of descending parallel channel that is the same as long term support.
holding the middle line will increase price to break out from channel. for starting a new rally price has to break out from last yellow trend line maybe around $300.
if price break down from middle line it will drop to $80 and below that I think better to say...
COMP is moving in a downtrend but there is a volume at the bottom. This is a good signal. A trend line and a key level can be identified on the chart.
Whether the price will immediately break through the trend line or collect liquidity below the key level is unknown. But in both cases, a break of the trend line could be a good buying opportunity.
Write in the...
blue narrow channel resistance could make the price return into the channel. this point is a good setup for short position.sl is the high price of today . i think of sharp drop in price in next days in this asset. by the way target is already 320 and any drop in price could be a good situation for entering the market.if price breaks trough the blue channel trend...
Globally, COMP is sandwiched between the trend line and the liquidity zone. We should now expect good entry points into the market. In case of a false breakdown of a strong liquidity zone or a breakdown of the trend line, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to...
White - an old eth fractal from 2017 that seems to be closely resembling todays AAVE chart. AAVE has been consolidating for the last 6+ months, which gives me confidence that a big move is indeed brewing. Fundamentally I believe it's a great defi project and have personally used it to earn yield on some stablecoins.
Hello trading friends,
Compound showing a trend where it could be possible that this is a new button area for new uptrend gain.
This depends on the historical trend 2021.
It's a coin with long-term expectations.
249 usd are at long term a great target, as this is also the main target and split target.
The compound is not for the fast expecting, it...
Very similar pattern to the action that happened in December where the price pumped from 180 to 250 levels.
Since level 180 USDT showed as a very solid support zone, I expected the price to go higher in the following days.
If we do so, we can expect the price to be pumped to the local resistance around level 200 USDT as it also stands for a psychological...
I am comparing my views on $COMP which looks very similar to Wyckoff Accumulation pattern which you can find easily. I would suggest you to all wait and long from SOS (Sign of Strength) which will most likely be consolidation in bull flag. Targets are 320, 410 and 520. Feel free to drop any comments in doubt. I will post the trade when we see SOS.
Hello trading friends,
The compound is still interesting for long-term targets. normally this coin had already to be increased, but one of the reasons this coin did stay at the low trend, and with the breakdown trend of bitcoin it did breakdown further.
We are now at a level where this coin can be interesting for the spot and long term.
Depending on data...
Compound is one the most powerful project that is working ...
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Accroding to the chart and previous analysis of COMP, After the price break the sensitive support zone area and our SL activated we analysed chart again that we found the point for the swing...
Based on technical factors there is a long position in COMPUSDT Compound
🔵Long Now or set on Key Level 220.0
🟢Target 1 245.0
❌Stop loss 215.0
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
Please support our...
Compound (COMP) Buy Zone
Mid-Term : Bullish
Long-Term : Bullish
Risk : High
Currently above our second trend-line support after a weak short term bounce, Compound is looking bullish in mid term. We expect at least a $260 retest on which the entire market depends.
$COMP/USDT LONG SETUP
Leverage : x3 - x5