CompoundingCompound has formed a descending triangle, on the 50 EMA and on top of the 50% Fibonacci level. Breakout may be significant look for areas of interest on Fibonacci levels and on moving averages.
Key stats
DEFI has been hot again, how do things look on the COMP chart?Lets take a look at what the charts and indicators have to say.
Structure and Price Action:
**Symmetrical Triangle Formation**:
The chart shows a clear symmetrical triangle, indicating a period of consolidation following a sharp upward movement. Symmetrical triangles are neutral patterns but
COMP back test of local highsThe pullback back tested the previous local high, giving an entry with risk/rewards of 3.75, 5.5, and 9.5. Nothing fancy here - just a pretty straight forward trade entry
A look at COMP waves (1D)It seems that COMP is currently in wave D of a complex pattern.
Wave D appears to be a diametric, and we are now in the early stages of wave E of this diametric.
By maintaining the green zone, it can move toward the red box.
The first target is $99, and the second target is $114.
Closing a daily
Compound (COMP)Compound is an interest distribution and DeFi lending protocol in which users stake their tokens in pools and borrowers can take a secured loan from any Compound pool. Anyway, compound has been in a downtrend for a while. Looking at the chart it seems price has made double bottom and also a triangle
Another Crypto poised to breakout any moment. COMPUSD
This is COMPUSD on a highertime-frame. Although its priced at 70.45 approx. its previous all time high was over 500.
Here is a chart that shows why its about to Pop upwards imo.
COMPUSD - Looking For BullflagThis upper dotted line in red can be recovered in one move, allowing it as a support.
If this occurs it is a strong case for the COMP bulls as this line has been seen as support before (green circles)
Good entry point to watch.
Daily timeframe
Head and shoulders forming on 15m chart Something to keep your eyes on. While all alt coins are on the upside there could be potentially huge gains with NYSE:COMP coming soon.
WHATS FLOWING: CRYPTOS (BUT, A NO DEAL FOR ME) SEE WHYCurrently, DOGEUSD, ALGOUSD, UNIUSD, COMPUSD, and FLOWUSD are all exhibiting short flow, yet the price levels are positioned dead center between the recent highs and lows.
This is what I consider a "no deal" for me—meaning there's insufficient price action near the key support or resistance levels
COMP Key Support Levels and Potential Bull Run Targets for 2025COMPUSD is currently demonstrating strong support at the $43 level, presenting a promising opportunity for significant gains. If this support holds, it sets the stage for a robust upward movement. However, if the $43 support level is breached, the next critical support is $32. There is an 80% probab
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