Wedge formed, currently consolidating at current levels... price soon to rise to recent high, break out possible.
Just posting for future reference in case it makes a move. Watching this one like a hawk because it's so new.
Text is in the chart! Compound is still looking good to go! Buyers seem to be stepping in slowly as sellers continue to try to push the price down, this is evident with the percent decrease from each major pivot high on the correction and the respected trendline and fibonacci retracement level.
This is my third recent post on COMP but I can't help but clarify what a potentially great opportunity this COULD be. Let's take a look at a few things. First, we just retraced from the top of the recent swing high to the 0.618 retrace when drawing the fib retracement from the aug. 2 low. If you draw the retracement from aug. 11, then you see we just touched the...
Correction is slowing down. Sell pressure continues to push the price downward yet in a more controlled and slower manner. Double divergence on MACD: histogram and signal lines are moving higher as the price continues to move lower. Correction may continue, but if the divergence plays out, we may soon be seeing a continuation to the upside.
Comp SEEMS to be following fib levels to a T. from the early August low to the previous high, we see the price is currently retracing to the golden 0.618 level. From the Aug 11 low, to the previous high, we're retracing to the 0.786 fib. What's amazing about this is that they line up perfectly, and looking again, one can see that the price has been playing within...
Hi Members! This is our new strategy for accumulate BTC, Coin : COMP/BTC Exchange: Binance OCO Entry Zone: 0.0165 - 0.0175 Target 1 : 0.0188 (10%) Target 2 : 0.0215 (26%) Target 3 : 0.0232 (36%) Target 4 : Raise your personal stop lost OCO Stop Loss : 0.0151 Comments: This is our new strategy for accumulate BTC, we use Binance exchange for this...
COMP/BTC -Compound is now down by -30% from the recent high -It is approaching a key area of support -This zone is a confluence of Golden Fib, 200ma&50ma plus key trendline -If we can see Bullish rejection at this zone -This will give a strong bias of potential bounce up reaction -I'll be watching this area if this level will be tested
Strong bullish divergences Be safe & enter after confirmation. Here is the major resistance
$COMP No idea what this asset is but its showing nice volume influx as its breaking from descending trendline // accumulation range. UCTS showing a Buy on the 8H as well.. Potential targets on chart. #COMP
COMP has been one of the few DeFi coins to really not have a nice run so far. Granted it started off insanely priced above $300, this nice divergence on the RSI is looking good and as long as BTC doesn't do anything crazy I think there is some good upside here.
About Compound Compound (COMP) is an ERC-20 asset that powers the community governance of the Compound protocol; COMP token-holders and their delegates debate, propose, and vote on changes to the protocol. By placing COMP directly into the hands of users and applications, an increasingly large ecosystem will be able to upgrade the protocol, and will be...