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COMP / UST

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Brief Analysis ——COMPAs a representative of liquidity, lending protocols are important to Defi. Based on the outstanding performance of COMP last week, we have a brief analysis of the tokens for three major lending platforms today. They are AAVE,COMP and MKR. Since the second half of last year, the price of COMP has remained below 70, and has broken through 70 after the rising last week. Relative to AAVE, the gap between bulls and bears is wider for COMP. Since late June, the volatility of COMP has risen, long green candles have appeared, and the rise is continuous. While bearish power is visible, the red candles are short and not steep in slope. The bulls took control. On a large scale, it turned bullish. Conclusion: Mostly fluctuation. There was a more obvious pin-bar last Friday. Bears gain strength. The gap between bears and bulls narrowed. So we come to this conclusion. We set resistance level at 85 and support level at 54. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
Compound Token (COMP) Analysis 08/03/2021we had our previous Publications TP Achieved currently we can see a Bullish Hidden Divergence of price with MACD, which is the sign of trend continuation, using Fibonacci Projection for the Target Specifications. 1TP is the parallels leg of Fibonacci projection and easy to achieve by nest impulse wave after the current retracement. if 2TP triggered with the first rally then we may have a price correction and our 3 TP is confirmed.
Long
by BitonGroup
8
COMP: Resistance BreakoutCompound (COMP) technical analysis: Trade setup : Price broke above 200-day MA with huge volumes and confirmed a bullish trend reversal. It’s also broken above $70 to signal uptrend resumption, with upside potential to $93 resistance. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $60 (previous resistance), then $47. The nearest Resistance Zone is $70, which it broke, then $93.
Long
by altFINS
2
COMPUSDT time to shortThe current status of the BINANCE:COMPUSDT is as follows: The BINANCE:COMPUSDT has experienced a great rally and has moved directly towards one of the historical resistances at $75. However, we are seeing divergence in the rsi indicator in both the daily and 4-hour timeframes, which indicates a weakening trend and also a good opportunity for those who had long positions to exit. ⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
Short
by Madoir
2
COMP/USDT Price Analysis: $92 Resistance Looms! Will the BullishTechnical Analysis of COMP/USDT: Bullish Momentum with Potential Retracement In this technical analysis of COMP/USDT, we will explore the current price action and trends of Compound (COMP) against Tether (USDT). Overview: COMP is currently trading at $66, representing a significant increase of 200% within a span of four weeks. The recent breakout confirmed on the weekly time frame suggests an overall bullish sentiment in the market, indicating potential upward movement. However, a retracement to around $46 may be expected before the next leg of upward momentum. Bullish Scenario: If COMP manages to surpass the recent high of $72, it could trigger an upward rally towards the strong resistance level at $92. This level should be closely monitored as a successful breakthrough might lead to further gains. It is essential to consider these resistance levels when evaluating potential price targets. Resistance Levels: $92 $174 $365 Support Level: The anticipated retracement could find support around the $46 mark. This level might provide a buying opportunity for investors looking to enter the market or add to their positions. However, it is crucial to exercise caution and wait for confirmation signals before making any investment decisions. Follow us for More Quality Updates. Thank you.
Long
by CryptoPatel
7