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Compound

COMP.BTC (Y20.P3.E1).Keep an eye on itHi All, This one is odd one to TA, COMPOUND as a newly introduce Defi, and trying to get the right level is all guesses, however its a challenge and if one keeps an eye on it, you never know when it will explode up. Recently I read a news article giving it favorable reviews. "Compound’s New Custodial Wallet Could Spark Institutional Interest in DeFi" Key Takeaways > The most used DeFi lending platform, Compound, has integrated Curv—a digital asset custodian focused on institutions. > For now, only deposits are available, but Curv has plans to enable borrowing later. > Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial services industry. This may soon change, however. In the realm of near-zero and negative interest rates, decentralized platforms present more attractive yields than traditional fixed income instruments. For instance, the most used DeFi lending platform, Compound, offers users over 2% yield on stablecoins plus additional income in the form of the protocol’s governance token, COMP. Buy the rumour, sell on the news!! Its a difficult one but one needs to be aware of any opportunities. Cheers S. Sari 15 Min time frame
Long
by ssari
3
COMP: COMPOUND WEDGE BREAKOUTPrice of the COMP is on the possible breakout from Wedge pattern. Price can increase for the several levels inside range of 220 and 180. Pls, do not forget price of the COMP is quite high, and recently it increased from 60$ up to 380$ So i greatly advice to decrease risk in the trades which increased that much recently. Always use Stop loss to avoid unnecessary loss. According to my view I think price can make some rebound around 199-200 zone and back to 180. Thanks for attention, stay safe This is Artem Crypto.
Long
by ArShevelev
2
Other Fibonacci pattern for Compound & why you should be a bullUsing the Fourth of July low as a bottom (as opposed to the starting price), we see nice Fibonacci lines as well. Note that the chart has bounced several times at the $245.50 level, so expect to see tough resistance there on the way back up. If/when we eventually surpass our prior early peak, we could see prices up to $514.90 or even more optimistically $732.85. My reasons for being bullish in the long term are simply that I believe the Compound protocol itself is something that is only going to catch on to a wider audience as time goes on. I see a future where Venmo users switch to paying each other with smartphone apps that use stablecoins, and those stablecoins gain interest through the Compound protocol when they are sitting idle. Such apps already exist, but they have yet to be discovered by a broad mainstream audience. As of this writing, the iPhone app Dharma has 4.4 stars, but only 72 ratings. People love it, but most haven’t discovered it yet. The benefit of gaining interest with the Compound protocol has already been realized by crypto users, and there is a clear path to its realization by the mainstream public through smartphone apps. The recent change in Compound rules made it so that crypto users could not milk the system by “yield farming” with an exorbitant number of BAT tokens gaining interest at over 20%. The change in rules now means that stablecoin users have more to gain from using the protocol. This means two things that are very promising for the long-term future of Compound and for the COMP token itself as an investment: 1) Smartphone apps that utilize Compound and stablecoins will allow the mainstream public to pay each other with stablecoins, which unlike money in a Venmo account, gain interest, but unlike cryptocurrency, don’t come with confusing conversion rates and volatile price swings. 2) The demand for the COMP token will be driven by the incredible power that it gives token holders. A few days ago, BAT token in Compound was gaining >20% APR. Yet a single decision made by COMP token holders changed the rules such that BAT currently receives 0.10% APR. That demonstrates that COMP token holders collectively have an enormous amount of power. In theory, supporters of a specific altcoin project could try to buy up as much COMP as possible in hope of being able to affect such a decision in a way that favors their coin’s APR, with hopes that doing so would lead to increased purchase of their token. Thus, owning COMP tokens gives its owners incredible power over the Compound financial system and, as an ever-expanding pool of people use this system (for reasons stated above), the desire to own COMP will increase, driving up demand and thus driving up the price of COMP. “When you think about every bull market, there’s one common thread: an expanding universe of people who own it.” -Paul Tudor Jones “Be fearful when others are greedy and greedy when others are fearful.” -Warren Buffett
FTX:COMPUSDLong
by tarbh
1
Give up on Compound??So, you gave into FOMO. Compound was shiny and new, exploding onto the scene. You surely were the first one to notice, since it had only been trading for a few days, and that makes you an early adopter. But ... it turns out that bubbles crash. You bought high. Now you’re frustrated and thinking of selling — selling low. DON’T! The same reasons you thought this was a good long-term investment are still reasons. As per usual, Fibonacci will determine where this goes. Here are the Fibonacci lines. We can see that we are currently testing *two* resistance lines! If these both break, expect good things. Which Fibonacci lines it stops at next, no one knows, so I’ve drawn out a few guesses with arrows. You bought on a bubble. It’s human nature and you’re human. Now it’s time to ignore the urge to sell low. You know that Compound is revolutionary and, yes, you are an early adopter. Stick it out. Or maybe buy a little more. Outsmart the other humans with math!
FTX:COMPUSDLong
by tarbh
2
COMP tentative longHello everyone Looks like a tentative buy on the RSI. Additionally, this confluence of fibs (spirals, channel, retracement/extensions) leads me to believe a move up is imminent. It's also quite possible that the price moves to the .618 and breaks sideways through the confluence of spirals. I'm not a master at fib spirals; any criticism or advice would be appreciated! *This is personal analysis and not intended to be trading advice - I am not responsible if you lose your funds trading this idea.*
COINBASE:COMPUSDLong
by Begin2blue
3
Compound (COMP) - July 3~6 (1h)Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- It is necessary to check if you can receive support at 168 until 20:00 (UTC) on July 6. I think we need sideways to escape the downward trend line (2). If you fall at 168, you need to make sure you get support in sections 121-140. If you can get support in the 121~140 section until 18:00 (UTC) on July 9, I think there is a possibility that you will deviate from the downward trend line (2). After deviating from the downtrend line (2), we need to see if we can get support above the 196.74815479 point. Because the temporary rebound may not continue the upward trend and may fall even more, you must confirm your support. -------------------------------------------------- ---------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment.
by readCrypto
6
Compound (COMP) - June 30Hello? Dear Traders, Nice to meet you. "Like" is a great power for me. By "following" you can always get new information quickly. Thank you for always supporting. -------------------------------------- Make sure you can get support at point 227.8. -------------------------------------------------- ---------------------- ** Check support, resistance and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee profit or loss on investment.
FTX:COMPUSD
by readCrypto