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COMP / Bitcoin

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COMPBTC trade ideas

Compound (COMP) Support & Resistance Levels MappedWe looked at Compound (COMPBTC) right before a very strong bullish move... We hit it perfect and now we get another wave. COMPBTC is looking really strong after 4 consecutive green candles. Prices are trading above EMA50 and aiming to challenge the last peak. We have strongly bullish indicators and multiple bullish signals... COMPBTC can continue growing. The next targets, as well as support levels, are marked on the chart. Namaste.
Long
by AlanSantana
1
DeFi - COMPOUND - UNDERVALUED COIN IN THE DEFI SPACEHello, after the initialcrazy hype around this protocol and its token, it has somehow been forgotten and the attention of traders shifted to the new, yet smaller, projects that came out ridng the DeFi fever. However, it is still one of the best project of its kind out there, after Aave and Maker. It allow users to earn interest or borrow assets against collateral. Anyone can supply assets to Compound’s liquidity pool and immediately begin earning continuously-compounding interest. They also get rewarded with comp tokens as they use the platform. The price broke the downward trendline two days ago. The target is the previous high that also corresponds to the fibonacci extension of the last movement, for a potential 60%+ gain versus BTC!
Long
by edutradinguru
Too many good things happening for COMPThis is my third recent post on COMP but I can't help but clarify what a potentially great opportunity this COULD be. Let's take a look at a few things. First, we just retraced from the top of the recent swing high to the 0.618 retrace when drawing the fib retracement from the aug. 2 low. If you draw the retracement from aug. 11, then you see we just touched the 0.786 fib retracement with a fairly substantial wick down right spot on to the fib level. Now let's take a look at what else is happening here. This fib retrace is also a major zone of confluence. It is not only the previous swing high, but a recent support level when looking left on the chart. Yes, this coin is new, but we must use what we have to the best of our abilities. There's hidden bullish divergence on the RSI. looking at the price action and the RSI oscillator, we're making higher swing lows on the price with lower lows on the RSI. Meanwhile, we're continuing to make higher highs on the RSI with each swing high. The MACD histogram on the 1 and 2 hr time scales are showing higher lows while the price continues downward. So... before you run around screaming that your alt coin of choice is dumping, take a close look. Looks like a solid opportunity presenting itself if we get proper confirmation of the retrace being the new swing low. You could maybe expect another wick or to test it again maybe a little lower for a few minutes without bullish sentiment being invalidated.
Long
by filipbronola
Interesting observation on COMPComp SEEMS to be following fib levels to a T. from the early August low to the previous high, we see the price is currently retracing to the golden 0.618 level. From the Aug 11 low, to the previous high, we're retracing to the 0.786 fib. What's amazing about this is that they line up perfectly, and looking again, one can see that the price has been playing within these levels previously as well. This is an absolutely phenomenal display of fibs in action.
Long
by filipbronola