Compound (COMP) - Bullish divergence

On the above 2-day price action has corrected over 90% since mid May 2021. Now is an excellent time to be bullish. Why?

1) A ‘incredible buy’ signal prints.

2) Regaular bullish divergence. Lots of it. Multiple oscillators are currently printing bullish divergence.

3) A dragonfly DOJI candle prints.

4) RSI resistance breakout.

5) On the 10-day chart (below) price action prints an impressive Dragonfly DOJI candle. This is rocket fuel for price action.

Is it possible price action falls further? For sure.

Is it probable? No.

1st target: $500

Good luck!

Ww

10-day chart

Note

Within the next 10 days there's going to be a massive move..

On the 2-day chart below price action is coiling inside a falling wedge pattern with the apex around March 22nd. Usually breakouts are 70% into the pattern structure; price action is beyond that now.

Trade active

Note

Price action is about to move to the $210 area.

Note

excellent accumulation point as price action finds support on the golden ratio following the bullish divergence.

Note

3-day chart

Note

Quite an achievement - "Compound Treasury Receives S&P Credit Rating"

"Today, Compound Treasury received a B- credit rating from S&P Global Ratings. This makes Compound Treasury the first institutional decentralized finance (DeFi) offering to be rated by a major credit rating agency, and signals tremendous progress in the crypto industry’s maturity, as traditional institutions begin to judge the risks of digital asset powered financial offerings."

Given that the BTC pair is popping up in the 'what if' idea, is this just coincidence or something more?

source: medium.com/compound-finance/compound-treasury-sp-credit-rating-897aff3a6f8c

Note

Showing the 5-day BTC pair, a significant development. Price action resistance breakout (at the time the idea was published). The resistance is now testing as support on the lower time frames. The level of selling was unforeseen, relentless. Hang in there..

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on:

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: