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Compound

LINK- Multi-time frame and fundamental/Macro analysisDespite Link's fundamental shortcomings, we need to realize that crypto is driven partially by euphoric sentiment and market signal is often times, more important than macro signal, at least in the short run. While the time of reckless speculation may be gone, we can't overlook the effect that DeFi craze and the resurgence of crypto bull market may have on the speculative behaviors. If you bought Link cheaply, congraztz and enjoy the ride. If you are like me, treat it as a deeply discounted swing buy opportunity like most cannabis stocks, just wait patiently until the price drop to the buy zone in my chart without taking on the excessive amount of risk. For short-term speculators, set the wide stoploss in order to avoid the stoploss hunt for over-leveraged longs and be prepared to take loss when the parabolic run ends and the trend line is broken. Link is showing some technical weakness at 4hr time frame, but remains strong and trendy on the daily time frame. Volume reached ATH yesterday and doesn't seem to be slowing down anytime soon. Fundamental and Macro- 1. No clear timeline of Mainnet launch. 2. Unnecessary intermediary and permissioned structure run the risk of being labeled as security token by SEC (Why not just start the centralized oracle?). This argument has been valid for a long time and it is the reason why many investors prefer currency coins (specifically anon coins) and platform tokens over utility tokens. 3. According to Zeus capital, Link's marketcap is way bigger than the decentralized oracle's projected TAM. This can only be justified if TAM is rapidly growing, which isn't true as Link's clients are mostly DeFi platforms, or if LINK can capture nearly 100% of TAM. The latter is impossible as MakerDao, Compound, Uniswap and Coinbase are developing the internal alternatives. Not to mention many centralized lenders such as Genesis and Nexo that indirectly affect Link's value proposition and user case. Don't forget to follow me and like the post. Much appreciated!
KRAKEN:LINKUSD
by Libratus
4
Compound (COMP) Project Overview + Fib. LevelsAbout 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 incentivized to collectively steward the protocol into the future with good governance. Source: Coinmarketcap.com Website: compound.finance/governance/comp ------------ Compound (COMPBTC) caught my attention recently... This one is available for trading on Binance, Bittrex, Coinbase, Okex, and HitBTC... More exchanges than usual. When you look at the COMPUSDT pair, this one is available on Poloniex, KuCoin, and FTX, reaching all major exchanges. Compound (COMPBTC) Chart Analysis This one has little history and the potential to bounce from current prices... But there aren't any strong bullish signals, prices can as easily continue lower. This is not financial advice. Namaste.
CLong
by MasterAnanda
3
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