Hi All,
This one is odd one to TA, COMPOUND as a newly introduce Defi, and trying to get the right level is all guesses, however its a challenge and if one keeps an eye on it, you never know when it will explode up.
Recently I read a news article giving it favorable reviews.
"Compound’s New Custodial Wallet Could Spark Institutional Interest in DeFi"
Key Takeaways
> The most used DeFi lending platform, Compound, has integrated Curv—a digital asset custodian focused on institutions.
> For now, only deposits are available, but Curv has plans to enable borrowing later.
> Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial services industry. This may soon change, however.
In the realm of near-zero and negative interest rates, decentralized platforms present more attractive yields than traditional fixed income instruments.
For instance, the most used DeFi lending platform, Compound, offers users over 2% yield on stablecoins plus additional income in the form of the protocol’s governance token, COMP.
Buy the rumour, sell on the news!!
Its a difficult one but one needs to be aware of any opportunities.
Cheers
S. Sari
15 Min time frame
This one is odd one to TA, COMPOUND as a newly introduce Defi, and trying to get the right level is all guesses, however its a challenge and if one keeps an eye on it, you never know when it will explode up.
Recently I read a news article giving it favorable reviews.
"Compound’s New Custodial Wallet Could Spark Institutional Interest in DeFi"
Key Takeaways
> The most used DeFi lending platform, Compound, has integrated Curv—a digital asset custodian focused on institutions.
> For now, only deposits are available, but Curv has plans to enable borrowing later.
> Though the Compound-led decentralized finance (DeFi) sector is rapidly growing, it’s still very small compared to the traditional multi-trillion financial services industry. This may soon change, however.
In the realm of near-zero and negative interest rates, decentralized platforms present more attractive yields than traditional fixed income instruments.
For instance, the most used DeFi lending platform, Compound, offers users over 2% yield on stablecoins plus additional income in the form of the protocol’s governance token, COMP.
Buy the rumour, sell on the news!!
Its a difficult one but one needs to be aware of any opportunities.
Cheers
S. Sari
15 Min time frame
Note
Another perspectiveNote
starting to move. Looking at the small time frames for an entrance.Strategy, buy small, as it goes up, increase the buy, each offsetting risk with the margin gained if it was to be rejected.
Note
for the short period we have data on, we see a bullish div. on the macd. I have not yet entered, for now, still looking for a bullish sign of some sort (change in trend).Note
Still stalking... it looks like a bullish div. is coming into playNote
On the 4 HRLY, I see a bullish divergence. Hence this will lead to the 1st bounceNote
Bullish div. still there. Waiting for the WT signals to cross over to have a look at whats taking place. The reason I'm watching this as its a new Defi coin and we have seen some of them go crazy.Order cancelled
I kept stalking it but never entered...it just didn't give the bullish candle or pattern in the smaller time frames that I was looking at. Went with others instead.Note
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This community has signals now but with no risk management comms.
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This community has signals now but with no risk management comms.
Related publications
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.