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Compound

Compound (COMP) - June 15Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W Chart) If the price holds above the 250.561321 point, it is expected to maintain an uptrend. (1D chart) We need to see if it can move above the 336.093037 point to find support. To transition into an uptrend, it needs to rise above the 369.536000 point and find support. If the 460.343872-490.764132 section does not turn upward, it is expected that the downtrend will continue, so careful trading is required. If it goes down, we should see support at the 250.561321 point and see if we can move along the uptrend line. ------------------------------------- (COMPBTC 1W chart) We need to see if we can break out of the downtrend line while maintaining the price in the 0.006573-0.011285 range. To create a new wave, it must rise above the 0.013085 point. If it falls below the 0.006573 point, it may take a long time to rise, so trade cautiously. (1D chart) We'll have to wait and see if we can move above the 0.008976 point. If it goes down, you should check to see if it finds support at the 0.006526-0.007343 range. To convert into an uptrend, it needs to rise above the 0.010745 point and find support. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:COMPUSD
by readCrypto
COMPUSD- Looking STRONG-67% Move Coming?!COMP/USD giving us multiple bull signals! In the 1H, it's congquered the 55EMA! the 100 EMA,! the 200EMA! and is chasing the 300EMA (purple)! The last time this happened it made a 75% move! Also, notice the 55EMA is serving as support. Since we've got aggressive price action in the 1H, it's possible it completes this move in a day. Let's see how this plays out! Just my humble opnion folks. Take care with all your trades. Good luck to all!
COINBASE:COMPUSD
by moneypenny555
Compound (COMP) - May 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W Chart) (1D chart) We have to see if we can climb above the 383.631580 point and gain support. If it continues to fall, it can touch the 338.424780 point, so you need to trade cautiously. We will have to wait and see if the 383.631580-420.636604 section can move higher with volatility around June 1-7. It needs to rise above the 490.764132 point and find support to turn into an uptrend. It remains to be seen if the upward break above the 531.651680 point can accelerate the uptrend. ------------------------------------- (COMPBTC 1W chart) (1D chart) It remains to be seen if the 10608 Satoshi-11425 Satoshi section can find support and move up along the uptrend line. If it falls from the 10608 Satoshi point, Stop Loss is required to preserve profit and loss. However, it may follow an uptrend line, so trade with caution. The 9675 Satoshi-11285 Satoshi section is an important section, and if it rises in this section, it is expected to turn into an upward trend. However, the key question is whether it can cross the downtrend line. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price is below your average unit price whether the price trend is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the funds that ultimately correspond to the profits can regenerate the profits. -------------------------------------------------- ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:COMPUSD
by readCrypto
Compound (COMP) - April 29Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (COMPUSD 1W chart) (1D chart) We need to see if we can get support and climb in the 642.666756-679.671780 section. If it falls, you need to make sure you get support at 531.651680. If you go down at 420.636604, you need Stop Loss to preserve your profit and loss. If you break above 679.671780 and gain support, it is expected to create a new wave. ------------------------------------- (COMPBTC 1W chart) (1D chart) We have to see if we can get support and climb at the 11425 Satoshi point. If it falls at 8976 Satoshi, Stop Loss is required to preserve profit and loss. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:COMPUSD
by readCrypto
2
COMPUSDTI got a feeling that too many of you guys are stuck in this coin day trading. I did a great jump up, FOMO happened and here comes the dump. If you still got it and your liquidation point isn't anywhere close, hold it. It's got 2 strong supports + a strong lower Bollinger band which can activate support even more and stronger than before. It's an alt coin so you won't end up losing money if you don't panic sell now. This is not a trade setup, it's for the people who already bought this coin and are having panic sells. ⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
Compound: Breaking OutTo stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com With DeFi largely underperforming its peers over the past few months, it comes as no surprise that we're starting to see bullish momentum rotate back into the space over the past few days. This is evident when looking at DeFi's total value locked (TVL), which just jumped from $52.5B on Monday to today's reading of $59.8B. Compound (COMP) is among the various DeFi plays that appear to be regaining bullish momentum... If you're not familiar with Compound, what you should know is that Compound is a software running on Ethereum that aims to incentivize a distributed network of computers to operate a traditional money market. Compound uses multiple cryptoassets to provide this service, enabling the lending and borrowing required without a financial intermediary like a bank. Put simply, Compound allows users to deposit cryptocurrency into lending pools for access by borrowers. Lenders then earn interest on the assets they deposit. Once a deposit is made, Compound awards a new cryptocurrency called a cToken (which represents the deposit) to the lender. Examples of cTokens include cETH, cBAT and cDAI. Now, moving onto the technicals... Per the 1-day chart provided above, we can see that COMP punched through $555 resistance earlier today and climbed to an all-time high of $593. With COMP having traded between $400 and $555 since February, today's breakout appears to have bucked said trend. Assuming we see COMP close above $555, and turn said resistance into support, we could see COMP enter back into price discovery mode as DeFi heats up yet again. But as always, where BTC trends next will likely dictate whether or not COMP can push higher.
KRAKEN:COMPUSD
by phum126
COMP Inverse H&S BreakoutCompound looks to be another alt that is experiencing a neckline breakout from an inverse head and shoulders pattern. It looks like a slight retracement is now occurring which has the potential to break down below the neckline still, however, assuming the trend continues, it has a bit of potential upward as indicated by the head to neckline length extended after the breakout (dashed blue line). There is a similar breakout occurring against COMPBTC, so it looks like there is some potential to outpace BTC over the next few days as well if the breakout continues. I suppose we shall see soon if the breakout becomes more definitive in the next day(s) or so.
COINBASE:COMPUSDLong
by crypto_trends
3
Picking up some COMPI should've got some COMP back in the move over 175. Or the momentum move through the 200's. Or during the previous consolidation in the mid 300's. However I didn't so I'm chasing momentum here. Not a great entry but I think there's more to run. I'm super bullish on Ethereum right now but I'm already in that position so putting a little in COMP as a related play as people discover how big the Ethereum space is and all the ways money is being made there. We're still in the middle of the crypto bull run so even mistakes are likely to eventually get bailed out (looking at you XTZ).
COINBASE:COMPUSDLong
by MystryBox