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COMPUSD

COMP (Compound) Token {Market Cap} Analysis 03/04/2022Fundamental Analysis: Like many digital assets, only a fixed number of COMP tokens will ever come into existence. The total supply is capped at 10 million COMP and as of writing, less than a third are in circulation (~3.3 million). Out of these 10 million tokens, just over 4.2 million tokens will be distributed to Compound users over a 4-year period. The second biggest allotment (almost 2.4 million COMP) goes to the Compound Labs, Inc shareholders, whereas 2.2 million tokens will be distributed to the Compound founders and current team with a 4 year vesting schedule. Finally, 775,000 COMP are reserved for community governance incentives and the remaining 332,000 tokens will be allocated to future team members. The exact rate of COMP emission is subject to change over time, as voters are able to increase or reduce the emission rate by passing a proposal through community governance. The current CoinMarketCap ranking is #90, with a live market cap of $1,021,434,119 USD. It has a circulating supply of 6,686,099 COMP coins and a max. supply of 10,000,000 COMP coins. Technical Analysis: There exist Bullish Divergence of Price Value and MACD , which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new Economical Cycle. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 78.6% Fibonacci retracement level; it means it has broken the 78.6% Fibonacci Retracement as the Resistance level and had rechecked it backed and it has been Proved to be the support area . The Fibonacci Tools have been Drawn From 0$ to the ATH, so the Specified Levels are well Defined and Proved. The Asset is at the Accumulation Level Currently, which means soon the smart many will Flow in it and the Price Value will get Pump and Appreciates Probably we may not again see this 78.6% Fibonacci Retracement Level or bellow in the current cycle.
CRYPTOCAP:COMPLong
by BitonGroup
7
Similar to Dogecoin, CompUSD looks ready to break!Traders, This one looks similar to my DogeCoin post a few days ago (see link to related ideas below): Inverse H&S pattern - looks to be playing out Clear target at area of confluence Similar pattern as many other altcoins ...tackling a major MA So, here's the way I'd play this (also, similar to the recent dogecoin post): #1 - Zoom in to the 4 hr chart. #2 - Now, pending your risk tolerance here's how I would play this: ------ Balls of Steel Risk Tolerance - wait for confirmation above the 50 day MA. Once I see a candle close above the 50 day, that's my sign. I enter. ------ "Meh" Risk Tolerance - wait for confirmation above the neckline at $125. Once I see a candle close above that neckline, I'm golden. ------ "I'm so scared" Risk Tolerance - for you chickens that wouldn't cross a sidewalk crack without looking both ways - wait for both closing candle above $125 and another candle to open and close above $125 on the 4 hr, then enter if you dare. Targets: You first target shall be $152. If you still have your grips on that diamond, then go $170. Best to you all! Beer money appreciated. -Stew
COINBASE:COMPUSDLong
by stewdamus
6
Start of major Wave 3COMP has reached the 100% extension of the C wave as shown on the chart. I use Trend Based Fib. Extension tool to predict potential reversal areas. As you can see we had a complex major ABC correction that lasted almost 10 months. I am expecting a major wave 3 that could bring us to well above 1000usd. For this theory to have higher probability of happening, we need to break the 200usd soon. At that point I will become even more bullish. My target for this trade will be 370usd and I will reassess at that point. Follow for more updates.
Long
by DEFI-trader
2
COMP - when is the best time to buy ?COMP is moving in a downtrend but there is a volume at the bottom. This is a good signal. A trend line and a key level can be identified on the chart. Whether the price will immediately break through the trend line or collect liquidity below the key level is unknown. But in both cases, a break of the trend line could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
6
COMPUSDT, We supported in PRZ levelHello everyone Compound is one the most powerful project that is working ... If you need to know and want to learn fundamental analysis you can send us messages in private Accroding to the chart and previous analysis of COMP, After the price break the sensitive support zone area and our SL activated we analysed chart again that we found the point for the swing trend. We shown on chart PRZ level that can support the price and start new movement of upwards. The price exactly supported in support zone and its time to buy one step in here, the price according to the supported in zone has the potential to go up and test trendline resistance. If it can go up with powerful momentum it has chance to break the trendline resistance and if it can break the resistance successfully it can move upwards more to new target. We will update new target after break happen. Dont forget use stop loss and put it below the lower shadow of candle in the zone 1-2% lower than that. Good Luck Abtin Previous analysis :
Long
by Abtin00
Compound (COMP) - December 25Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (COMPUSD 1W Chart) Above the 250.56132 point: the uptrend expected to continue Keeping the price above the 250.56132 point is paramount. If it declines at this rate, it is expected to enter the mid- to long-term investment area. The resistance range is 405.76617-490.76413. ------------------------------------- (COMPBTC 1W chart) To turn into an uptrend, it must rise above the 0.00657 section. In particular, it is expected that the upward trend will accelerate when the volume profile section formed in the 0.00657-0.00876 section is passed. To break out of the downtrend line, we need to see if it rises above the 0.00528 point. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
BINANCE:COMPUSD
by readCrypto
COMP - when is the best time to buy ?Globally, COMP is sandwiched between the trend line and the liquidity zone. We should now expect good entry points into the market. In case of a false breakdown of a strong liquidity zone or a breakdown of the trend line, there could be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
8