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.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (419.90).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. COMPUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Compound- the torchbearer of the Yield Farming has established itself as one of the prominent names in the DeFi ecosystem. Being one of the early projects in the DeFi space, Compound has garnered in trust and reliance of the users that have contributed massively to the growth of the DeFi ecosystem.
At the of writing, Compound has locked in $7.01 Bn in its...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (307).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. COMPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
COMP is following the ellipse, it has strong resistance at the level of 178 and 270. if it passes the 178 level then the price target is 270 and Stoploss can be taken as 150
COMP is in ellipse it is following this pattern from the launched date. it has strong resistance at the level of 178. look for the breakout in next month
Hello every one buy comp at 111.10$ price. Very good return given us if hold long term.check chart. Very good move upside. This is time right to invest.
