💎 COMP has recently broken out of the resistive trendline and the neckline of an inverse head and shoulders pattern, while also displaying signs of CHoCH and BOS, indicating a bullish market structure and increasing the probability of a bullish market.
💎 If COMPUSDT undergoes a proper retest and begins to exhibit bullish candlestick patterns in that area, it...
- Compound is a defi lending protocol that allows users to earn interest
- Defi rally can lead to a great jump
- Compound has a solid base and I have no concerns over this
- The structure looks amazing position yourself if you want to invest here for the long term
- From a Trade perspective stay a little conservative
Comp/usdt
: Compound is currently trading in a decent zone
: Compound isn't looking bad at all from a trading perspective
: As long as it's in our long entry zone with a 5-8% downside we can attempt this long
: Swing Long this around 48-50$
: SL - 5-10%
: I expect this to outperform soon the whole DEFI sector has outperformed the market Compound should soon...
Title: COMP/USDT Technical Analysis: Bearish Divergence Signals Potential Downside to 45-50 Levels
In this technical analysis, we will examine the price action of COMP/USDT, focusing on critical resistance and support levels.
Analysis:
1. Resistance Area - 80-86:
The COMP/USDT pair has encountered strong selling pressure in the price range of 80-86. Repeated...
Here's a nice cup and handle pattern on 4hr timeframe in COMPUSDT. Let's see how much bigger pump this one gives!
All the important support and resistance levels are drawn already.
Compound in a daily time frame forms a Bullish flag pattern after a rally of almost 125%. And also gain support on the 50 daily moving average, in order to continue it's rally breakout of the bullish flag it required.
