#COMP risk if given chancegonna wait for this to retrace or breakout & retest, longing here doesn't have good R:r
COMPUSD trade ideas
COMP breakoutI should've posted this sooner. But, I drew the blue lines and the resistance below about 3-4 days ago. COMP was looking to break out, and obviously, it did now. However, it could possibly keep running. Hard to gauge right now, still holding.
Positions: I bought at $175 average
Areas To Watch...Somewhat new coin with barely any resistance above could potentially go into price discovery, key levels marked.
COMPUSD guess again againCOMPUSD hit my buy targets, but the support line morphed to shakeout weak hands. I think we will retest $275 resistance. If the support line breaks, I'd sell and rebuy at the next support level in the $140s. Let's see what happens.
COMPOUND (DeFI is in the rage right now)Updated View On COMPOUND (24 APR 2020)
Decentralized Finiance is all in the rage right now.
Since Compound project is supported by Coinbase, it has reputation.
Let's see how high it can go. I am bullish on this.
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Crazy COMPOUND potential !COMP show interesting signs after retrace Wave 1 to 0.618 FIB. Same for COMPBTC pair.
Potential looks crazy even considering first Wave 3 target at 1.618 (based on Elliot waves analysis). DeFi hype could help.
We do not have a lot of datas for the moment so we have to follow. Let's see
See u
$COMP - Next minimum target $350Considering the entire move up to as Wave (1) of a new cycle ad now we saw a drop to 0.618Fib for wave (2) correction Also bullish divergence on RSI
Invalidation: $120 (Below wave 1 start)
Confirmation:> $260
T1: $360 (in case ABC)
T2: $420
T3: $580++ (Min target for wave (3))
All the best!
COMP/USD ideabullish signals :
-> On the 4 hours chart the signal tested the EMA200 which seems to act like a support for now
-> the MACD seems ready for a green cycle
-> RSI is close to an oversold state
I would expect a re-test around 200 which will probably act like a psychological resistance in a first time.
COMPUSD guess againLike last time, my confidence is lower than usual on the timing, but I'm more confident on the levels here. There's a lot of divergence on shorter timeframes, so it either needs to rocket above $300 very quickly and continue the parabolic ascent to break the divergences, or relax a bit over the next few days. I wouldn't necessarily short these levels, but I'm just waiting for a pullback.
Compound token breaking out again?
Bullish moving averages
Wedge breakout
What happens when people find out that crypto earns you dividends?
What happens when people find out that staking DeFi earns you 10X the interest than a bank?
Of course there's a risk, but wouldn't they want to try it out with at least 10% of their capital?
Stop loss(M) : $183
gonna add to a position stop under the parabola line
looks a little risky but bigger time frames are looking good so far , there are sign that it might break the line if it dose i would have my stop triggers and move on and see where it takes me this coin is so new there no real info on it (price)
