Compound 8.4.20Ok i called short on Compound once it dropped on Coinbase bc it was extremely over extended and neeeded a good pullback and accumulation. It looks like this thing is putting in a bottom around 120 and will be turning around over the next few months. Might be a good idea to accumulate all pullbacks as they are getting smaller each time.Longby BrandonrG226
COMP - USDAlright first long attempt was a failure shit crashed and what not, but i’ll be adding to my long here with a stop loss at 116! If we get to 163 and don’t reject let it ride to around 200, and in case we do reject hard close your longs, should be easy and remember don’t go all in when longing, ladder orders at different price ranges and let it come to you.Longby krabbiebaddies115
COMPUSD GuessJust a guess. Lower than usual confidence in the exact levels and timing of the movement. I'm already long, but if I see more bullish divergence I will accumulate more. I typically don't like to trade newer coins with less historical data, but I'll give this one a shot. As always, let's see what happens.Longby swiltonUpdated 667
Long setup for COMPUSDCatching reversal to upside. BTC pullback might bring it back lower. Longby Baebraham224
just above all time low, so may be time to rise!!check the pattern is reversing , make your own conclusions ,just an idea by Stick_clay227
COMP May Be Ready to PUMP4H COMP - Perpetual Futures FTX - COMP has broken out of the descending resistance and has retested it all while forming a low, a lower low and as it retested the descending resistance it has made a higher low - I'm long at 159.25 with a SL at 156 & TP at 176.25 - Without leverage risk is 2.04% & Reward is 10.68% by zachvn3
compusd retest falling wedge money coming in good entry point with a super tight stop Longby superkitty12
COMP falling wedge breakout!Looks like COMP is finally breaking out of it’s falling wedge. It’s been a long and painful downtrend, but this could be the change in tide we’ve been waiting for!Longby tarbh115
Possible trend reversal coming up for Compound?COMP, currently in a downtrend, is in an overall falling wedge pattern, which is bullish. Also, several of the most recent candles show inverted hammer patterns, which suggests we could be seeing a trend reversal soon. There has been a long downtrend lately, but things could soon take a turn upwards. Going to be watching for other signs as well.Longby tarbh10
COMP/USD Possible breakout!I´ve made this chart a week ago and so far it is staying in these ranges, in the next couple of hours, we should have a breakout to either side. by Bodiesvoboda438
Comp incoming pump?Comp might have bottomed in the $150 region, time will tell DYOR and use stop loss.Longby slptome3
RSI is where we needed with tis last sell offInteresting to see if finally COMP will follow most other coins in pumping, plenty of room to move and indicators looking bullish. no point in selling now Longby dead4586667
First significant higher low?This may be a good chance to in on a significant higher low potentially putting our self in a good position if this does decide to moon as we are currently in a wedge with bullish divergence along the golden pocket and also possible putting ourselves in the start of wave 3 if it breaks through 220 and 270Longby gNnairdAUpdated 7
Looking For MORE ConsolidationCompound is a great project, we all know that. Perhaps we can agree that it needs to bottom out before we consider investing (if you missed the first move up). See chart for my interpretation of the price. Downward channel, currently using the inner channel as support. If we break out of the larger one I might start to look at investing. If it bottoms out somewhere, I might also move some funds in. Thanks!by HEILMA03
adjusting my bullish triangle, run soon!MAs looking to cross for another run up, rsi and kst primed for uptrends!Longby dead4586223
Going downDefinitely in a downtrend. Resistance at $170-$162. If we go past that, we will retest bottom.Shortby csdailey3
My Bullish Scenario for COMP/USD 4h chart.COMP just broke the trendline in the descending channel and if the support holds I expect it to go up. Disclaimer: This is not a financial advice. I'm fairly new to trading and I'm just publishing my ideas for learning purposes. I'm open to any form of criticism. by degendcryptoUpdated 338
Other Fibonacci pattern for Compound & why you should be a bullUsing the Fourth of July low as a bottom (as opposed to the starting price), we see nice Fibonacci lines as well. Note that the chart has bounced several times at the $245.50 level, so expect to see tough resistance there on the way back up. If/when we eventually surpass our prior early peak, we could see prices up to $514.90 or even more optimistically $732.85. My reasons for being bullish in the long term are simply that I believe the Compound protocol itself is something that is only going to catch on to a wider audience as time goes on. I see a future where Venmo users switch to paying each other with smartphone apps that use stablecoins, and those stablecoins gain interest through the Compound protocol when they are sitting idle. Such apps already exist, but they have yet to be discovered by a broad mainstream audience. As of this writing, the iPhone app Dharma has 4.4 stars, but only 72 ratings. People love it, but most haven’t discovered it yet. The benefit of gaining interest with the Compound protocol has already been realized by crypto users, and there is a clear path to its realization by the mainstream public through smartphone apps. The recent change in Compound rules made it so that crypto users could not milk the system by “yield farming” with an exorbitant number of BAT tokens gaining interest at over 20%. The change in rules now means that stablecoin users have more to gain from using the protocol. This means two things that are very promising for the long-term future of Compound and for the COMP token itself as an investment: 1) Smartphone apps that utilize Compound and stablecoins will allow the mainstream public to pay each other with stablecoins, which unlike money in a Venmo account, gain interest, but unlike cryptocurrency, don’t come with confusing conversion rates and volatile price swings. 2) The demand for the COMP token will be driven by the incredible power that it gives token holders. A few days ago, BAT token in Compound was gaining >20% APR. Yet a single decision made by COMP token holders changed the rules such that BAT currently receives 0.10% APR. That demonstrates that COMP token holders collectively have an enormous amount of power. In theory, supporters of a specific altcoin project could try to buy up as much COMP as possible in hope of being able to affect such a decision in a way that favors their coin’s APR, with hopes that doing so would lead to increased purchase of their token. Thus, owning COMP tokens gives its owners incredible power over the Compound financial system and, as an ever-expanding pool of people use this system (for reasons stated above), the desire to own COMP will increase, driving up demand and thus driving up the price of COMP. “When you think about every bull market, there’s one common thread: an expanding universe of people who own it.” -Paul Tudor Jones “Be fearful when others are greedy and greedy when others are fearful.” -Warren BuffettLongby tarbh116