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Compoundpriceanalysis

COMP Long after deviation BINANCE:COMPUSDT Would be good to see deviation on Comp chart before spring rally Possible Targets and explanation idea ➡️We trade in a range since collapse in June. Leave liquidity under 26$ ➡️ Possible move over 40$ than down ➡️ Would be good to see final drop under buy line "Take profit" indicator and grab all liquidity in January ➡️ Than climbing up out of range to test middle term Fib 0.5 lvl by end of spring. Than retest support block ➡️Its more middle term targets for COMP for this February - April 2023 ➡️Only in 2024 we can see full rally on this coin. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
COMPOUND COMP price ready for x2 growth?Today, we liked the Compusdt trading pair on global 3 days chart. It has not been analyzed for a long time, but now I liked that the Compusd price is moving in its own way, despite the maneuvers of the BTCusdt price. In general, Compound Protocol is in the top 10 in terms of volumes of blocked resources (TVL) in DeFi protocols Perhaps the individual behavior of the Compound price is somehow affected by this news: "DeFi project Compound has launched a lending service for institutional investors" Or maybe something more interesting is being prepared in the project, which we will find out after the COMP price shoots up) Summing up: while the COMP price is above $55, there is a good chance for x2 growth to the $100 area, where there is a strong liquidity zone. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
20
COMP-6h. Will there be consolidation before test $190?Yesterday's sharp drop in the COMP market showed that continued growth without consolidation is unlikely. In fact, in an hour the sellers lowered the price by 7%. The COMP price stopped before the critical range of $133-140 . Near the $133 mark is a global trend line , which buyers have been holding since the beginning of November. Its breakdown will lead to a sharp drop in prices to $100 . Given the positive dynamics of the cryptocurrency market, the probability of this scenario is low. However, it is better to temporarily get rid of the token if the price is fixed below $130. Our main scenario is to continue growing to $190 . However, this requires complete depletion of sellers at local lows. ___________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
3
Possible trend reversal confirmation and next resistance levels*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COINBASE:COMPUSDLong
by CryptoRush_
4
COMP/USD In A bullish Phase Despite Rejection From $247 Monthly Compound price rose to highs close to $250 but retreated to confirm the 61.8% Fibo support. COMP/USD bullish scenario remains intact in spite of the drop from $247 as observed with the RSI. Compound roared to highs above $240 towards the end of the American session on Tuesday. The Asian session on Wednesday has been characterized by increased seller dominance to the extent a reversal occurred with declines making it under $220. On the positive side, support seems to have been established above the 61.8% Fibonacci retracement level of the last drop from $247.18 to a lower price level at $152.68. A bullish reversal is underway at the time of writing with COMP/USD exchanging hands at $225. As more and more buyers to join the market, Compound is set to continue roaring upwards. However, the magnitude of the bullish leg is not known as of now. Looking at the token from a technical angle, we can tell that it is indeed in a bullish phase. In other words, the influence buyers have over the price is likely to stick in the market a while longer. The Relative Strength Index (RSI) is drawing closer to the oversold (70). This follows a retreat from the overbought to the level at 66.94. As it re-enters the region, buying entries are likely to increase. This way, the volume will grow and the only way for Compound would be upwards. The bullish grip is also emphasized by the gap the 50 SMA is making above the longer-term 100 SMA in the 15-minutes timeframe. In addition, the Moving Average Convergence Divergence (MACD) is holding ground within the positive region (precisely at 11.57. It also features a minor bullish divergence of 0.13 to further highlight the bullish picture. For now, support at $220 would be key to gains above $230 and even $240. Compound Intraday Levels Spot rate: $225 Relative change: 31.28 Relative change: 15.90% Trend: Bullish bias Volatility: Expanding
BINANCE:COMPUSDLong
by CoinGape
2