COMP - Full retrace incoming? Looks not as good now as before, has dumped 44% and weakly bounced. If it loses 200 level, it will completely roll back.
I think if bitcoin continues to fall or sideways it will dump.
Plan to short a retest of the $240 resistance.
The biggest supply APY:
06/21: BAT : 25.45%; for USDT it's 0.1%. COMP: $350
06/21: BAT : 25.28%; for USDT it's 0.15%. COMP: $217
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Compound
BAT looking to takeoff, yield farmers favorite coin.Bat has just lost and then reclaimed its major support level over the last few months and is now starting to pull away. Looking at a 100% increase from here against BTC to hit previously strong resistance levels. Sometimes you really only need a few lines and some patience.
Coupled with the current de-fi yield farming craze of people scooping up and locking these tokens in yield protocols like compound, AAVE, etc, I think this coin is primed to absolutely explode.
COMP - New hyped DeFi protocol, farming APYLending protocol Compound token, COMP , currently trading at $352 after steady growth within three days from time COMP-ETH pair began trading on Uniswap.
What's the deal and how to get it?
Compound is an algorithmic money market protocol on Ethereum that lets users earn interest or borrow assets against collateral
COMP can be earned proportionate to the interest being accrued.
For example, if you convert your USDT into cUSDT, each day you will get an interest based on the current market supply (can be found on the compound website, supply annual percentage yield (APY)).
The biggest member APY right now is for BAT : 25.45%; for USDT it's 0.1%.
Available markets: USDT, DAI, USDC, WBTC, BAT, ZRX, REP, ETH
But don't get caught long top, it has already grown by 140% .
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
USDCHF - COmpound continuation trade entry - Short Hello all - DuncanForex here.
This is a compound trade on USDCHF -
USDCHF -
Direction - Short
Timeframe - 30 minute entry
Stop Loss - above swing highs
Take Profit - same target as original entries.
After last FRidays 4hr chart Short entry- and TP1 hit
After the retrace - I am now looking to entrer again on the 30 minute chart to add to my positions and also once it starts to fall - move my stop loss for trade positions 2 & 3.
Thanks for looking
Duncan
ONT/BTC compounding my long position- I was already in a long for ONT which i called on the cryptology discord: discord.gg .
- I still think we have more upside in ONT and i will be looking to add on above that 1h breaker which would give me a nice 4r trade.
If target gets hit this would mean a 12% increase of my trading account as i risked 2% on the first entry and i am looking to add 1% risk on my second compunding entry.