COMP is just doing a simple retracement and it made it all the way to the 100% retracement zone. Now we can expect an impulse higher with BTC stabilizing.
Next PTs for COMP using the 4 hour swing low and swing high points are as follows.
PT1: $622
PT2: $728
Will follow a trajectory similar to the orange line I posted. Once we take these two price targets by end of May, we can then target ATHs again by mid-June imho.
Bonus: COMP has performed flawlessly in the selloff - many expected DeFi projects to get totally destroyed in the selloffs considering they rely on automation and specific price reference algorithms to a large degree - COMP performed well and their $14B TVL is still completely in tact.
Also COMP did print a Hash Ribbons BUY signal on the 17th... this is massively bullish for the project and means there is imminent upside ahead.
Next PTs for COMP using the 4 hour swing low and swing high points are as follows.
PT1: $622
PT2: $728
Will follow a trajectory similar to the orange line I posted. Once we take these two price targets by end of May, we can then target ATHs again by mid-June imho.
Bonus: COMP has performed flawlessly in the selloff - many expected DeFi projects to get totally destroyed in the selloffs considering they rely on automation and specific price reference algorithms to a large degree - COMP performed well and their $14B TVL is still completely in tact.
Also COMP did print a Hash Ribbons BUY signal on the 17th... this is massively bullish for the project and means there is imminent upside ahead.