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COMP

Compound (COMP) 🔢 COMP Analysis 🔹 Overall Status: The COMP coin, after following an ascending channel, successfully broke above the channel’s ceiling. At the PRZ zone (which includes the ascending channel ceiling and weekly resistance), selling pressure led to a price correction, pushing the price down to the 0.382 Fibonacci level. ✅ Key Point: Stabilizing above the PRZ zone can accelerate price growth toward Fibonacci targets. Trading volume in this area is crucial as it can provide stronger signals about the buyers' or sellers' dominance. 🔹 Support and Resistance Analysis: 1️⃣ Support Levels: First Support: 0.382 Fibonacci level around $79-$81. Second Support: 0.5 Fibonacci level around $68-$71. Third Support: 0.618 Fibonacci level near $60-$62. 2️⃣ Resistance Levels: PRZ Zone: Weekly resistance and broken ascending channel ceiling (around $92-$103). Bullish Targets: First Target: 1.618 Fibonacci level (already achieved). Second Target: 2.618 Fibonacci level near $300-$330. Third Target: 3.272 Fibonacci level around $500-$550. Final Target: 3.618 Fibonacci level near $720-$750. 🔹 Price Movement Prediction: 1️⃣ Bullish Scenario (if price stabilizes above PRZ): If the price stabilizes above $140 (PRZ zone), it may head toward the 2.618, 3.272, and 3.618 Fibonacci levels. Increased trading volume above PRZ will confirm buyers' dominance. 2️⃣ Bearish Scenario (if the correction continues): If the 0.382 Fibonacci level is broken, the price correction could extend to the 0.5 and 0.618 Fibonacci levels. These levels could offer attractive opportunities for re-entry via laddered buying. 🔹 RSI and Entry Signals: The RSI indicator on the weekly timeframe is at 72.71 (overbought zone), indicating possible selling pressure. Positive Note: A bullish divergence between the price and RSI suggests the uptrend may resume after a correction. The ascending RSI trendline can act as support. ✅ Conclusion and Recommendations: 1️⃣ Key Levels: Supports: $79-$81 (0.382), $68-$71 (0.5), and $60-$62 (0.618 Fibonacci). Resistances: $130-$140 (PRZ) and higher targets at $300-$330, $500-$550, and $720-$750. 2️⃣ Entry Strategies: Laddered buying near 0.5 and 0.618 Fibonacci support levels if the correction continues. Entry after price stabilizes above the PRZ zone ($130) with rising trading volume. 3️⃣ Risk Management: Pay close attention to trading volume and price action near critical levels. Monitor the RSI indicator to assess trend strength and identify potential corrections or continued growth. 💡 Final Recommendation: In the current conditions, wait for technical confirmations (such as stabilization above resistance or corrections to lower levels) before entering. Prioritize capital management to minimize risks.
by alizeynali69
DEFI has been hot again, how do things look on the COMP chart?Lets take a look at what the charts and indicators have to say. Structure and Price Action: **Symmetrical Triangle Formation**: The chart shows a clear symmetrical triangle, indicating a period of consolidation following a sharp upward movement. Symmetrical triangles are neutral patterns but typically resolve in the direction of the preceding trend, which is bullish in this case. **Downward Red Trendline**: The descending resistance line has formed, creating consistent lower highs. This indicates selling pressure at each attempt to move higher. **Ascending Support Line**: The upward green support line is holding, forming the triangle's lower boundary. This support has been tested multiple times and remains a key level. **Consolidation Zone**: Price is currently trading in a narrowing range, respecting both the upward and downward trendlines, signaling indecision and a pending breakout. Support and Resistance: **Immediate Resistance**: $110–$115 (aligned with the descending red trendline and near-term resistance). **Key Support Levels**: $100: Critical psychological and structural support. Below $100: Next key support around $90 (aligned with the green order block zone). Indicators: Moving Averages (EMA 20/50/100/200): Price is attempting to reclaim the **EMA 20** (~$107), which suggests cautious short-term bullish momentum. The **EMA 50** (~$108) is acting as resistance, which needs to be cleared for further upside. Long-term support sits at the **EMA 100/200** (~$106.5 and $85), providing structural strength if the price falls lower. Money Flow Index (MFI): MFI is at **34.94**, indicating the market is approaching oversold levels. This suggests the potential for a rebound if buyers step in. Stochastic RSI: The Stochastic RSI has turned upward from **oversold territory** and is crossing upward. This signals possible short-term bullish momentum. However, a failure to reclaim resistance could result in a false signal and continued downward movement. Volume: Recent volume during the triangle consolidation remains **low**, reflecting indecision among market participants. A breakout with strong volume will confirm the next directional move. Pattern Analysis: The **symmetrical triangle** pattern suggests a major move is imminent. Given the strong preceding uptrend, the pattern leans slightly bullish. However, failure to hold support at $100 could shift momentum downward. Probabilistic Outlook: Bullish Breakout (Primary Scenario): If price breaks above $110 (descending trendline resistance), it will signal a continuation of the prior uptrend. Key upside targets: **First Target**: $115–$120 **Second Target**: $125–$130 (previous highs) Bearish Breakdown (Alternate Scenario): If price breaks below $100, it invalidates the ascending support line and signals a bearish reversal. Key downside targets: **First Target**: $90 (order block zone) **Second Target**: $85–$80 (EMA 200 zone and additional order block). Key Signals to Watch: A breakout above the descending red trendline (~$110) = **Bullish confirmation**. A breakdown below $100 = **Bearish confirmation**. Volume spike during the breakout or breakdown will validate the move. Conclusion: The chart shows **neutral consolidation** within a symmetrical triangle. The slight bullish bias comes from the prior strong uptrend, but a breakdown below $100 would shift momentum bearish. A breakout above $110 with volume will confirm bullish continuation, while a break below $100 will target further downside. Monitor price action closely around these key levels.
COINBASE:COMPUSD
by EncryptShawn
A look at COMP waves (1D)It seems that COMP is currently in wave D of a complex pattern. Wave D appears to be a diametric, and we are now in the early stages of wave E of this diametric. By maintaining the green zone, it can move toward the red box. The first target is $99, and the second target is $114. Closing a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTO:COMPUSD
by behdark
1
Compound (COMP)Compound is an interest distribution and DeFi lending protocol in which users stake their tokens in pools and borrowers can take a secured loan from any Compound pool. Anyway, compound has been in a downtrend for a while. Looking at the chart it seems price has made double bottom and also a triangle pattern is formed. Recently, compound popularity increased, and as a result, its price value, as well as volume, increased too. Now, we have to wait and see if the price can break this triangular pattern or not, for continuation.
BINANCE:COMPUSDLong
by SaeedSalehinia
1
Alikze »» COMP | Ascending channel - 1W🔍 Technical analysis: Ascending channel - 1W - It is moving in an upward channel in the weekly time frame. - According to the correction of the previous wave as 0.38 Fibo, demand is encountered in the area of ​​the bottom of the ascending channel and an ascending candlestick is observed in the area of ​​the bottom of the channel. - Currently, in the weekly time frame with the buying pressure candle, the dynamic trigger is broken and it can continue its growth with demand in the range of the green box of the next wave at least up to the ceiling of the growth channel. 💎In addition, in case of failure of the first channel, the upward wave can continue to grow up to the specified supply area. ⚠️ Note: If the candle closes below the Fibo 38 range, there will be more possibility of correction and the continuation of the bullish scenario will be invalidated and should be checked and updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:COMPUSDT
Long
by alikze
2
COMPUSDT.1DThis chart shows the daily price movements of COMP/USDT (Compound paired with US Dollar Tether) over several months into early 2025. Here's my technical analysis: Trend Analysis The price of COMP has been in a broad downtrend as indicated by the descending trendline, R1, which highlights the resistance levels. Since reaching a high in March, the price has consistently made lower highs and lower lows—a classic bearish trend. Support and Resistance Levels R1: The descending red line, currently around the $60 mark, has been a significant barrier. The price has tested this line multiple times without a successful breach, affirming its role as a key resistance level. S1 ($41.48): This horizontal line acts as the immediate support where the price has found some stability in recent trading days. If this level holds, it might provide a base for COMP to potentially rally or at least stabilize. S2 ($34.10) and S3 ($33.84): These are lower support levels that could come into play if S1 is breached. Given the proximity of S2 and S3, this area could be seen as a strong demand zone where significant buying might emerge. Current Market Position The price is currently trading around $48.99, just above S1. This suggests some immediate support, but given the downtrend, there's potential risk of further declines if S1 doesn't hold. Trading Strategy Considering the market's bearish bias, my approach would be cautious. If holding COMP, I would look for any sign of strength above S1 and potentially consider reducing exposure on any rally towards R1. If the price breaks below S1, I would watch for reactions at S2 and S3 for potential buying opportunities, as these levels might offer substantial support. Conclusion In conclusion, COMP exhibits bearish momentum with immediate support at S1. The strategy should be defensive, focusing on risk management. Any positions taken around support levels should have tight stop losses to guard against a breakdown below these points. As always, it's essential to adapt quickly to new information and market conditions that could affect this outlook.
by MarsSignals
Is COMPUSDT Heading for a Breakout and make massive move?Yello, Paradisers! Could #COMP be setting up for a massive move? Let’s dive in. 💎#COMPUSDT is showing signs of a significant rebound from a strong support level, with the current price facing resistance at $45. However, a retest of the support at $40.23 could be on the horizon as COMP builds momentum for another breakout attempt. 💎For the bullish trend to continue, it’s crucial that COMP breaks through the $45 resistance level, which would then open the path to our first target in the Bearish Order Block (OB) area of $51-$54. A successful break above this zone could trigger a significant upward move, making it easier to hit our final target in the strong resistance area. 💎On the flip side, the bearish scenario could play out if COMP fails to bounce from the $40.23 support and breaks down further. In this case, the price is likely to retest the strong support area below. Historically, COMP has shown the ability to rebound significantly from such strong support levels, often resuming its upward trajectory. 💎However, the bullish outlook would be invalidated if the daily candle closes below this strong support area. If this occurs, it would confirm a downward continuation, potentially leading to a deeper dip. Discipline and patience will be key in navigating this market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
COMP ANALYSIS (1D)From where we put the green arrow on the chart, it looks like a triangle is forming. We now seem to be in the microwaves of the large D wave. It can be rejected from the supply range to the green box. The targets are marked on the picture. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
COMP (Compound): Channel Down BreakoutTrade setup : Price remains in a downtrend, however, price had a bullish breakout from Channel Down pattern and above $50 resistance, which would signal bullish trend reversal with +20% upside potential to $60 next. Stop Loss at $46. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Strong Down. Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $50.00, then $45.00. Nearest Resistance Zone is $60.00, then $68.00.
Long
by altFINS
#COMP/USDT#COMP The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside. We have a bounce from a major support area in green at 42.00 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward. Entry price is 48.50 The first target is 56.52 The second goal is 62.00 The third goal is 67.90
Long
by CryptoAnalystSignal
Is COMPUSDT Primed for a 50% Rally or a Bearish Plunge? Yello! Are you keeping an eye on #COMPUSDT’s latest breakout? Let's break it down and see what’s next! 💎#COMPUSDT has recently broken out of a falling wedge, a bullish signal supported by the 50EMA and increasing trading volume. The asset is currently retesting this breakout. 💎The upper trendline of the wedge is now acting as support for $COMP. If this retest is successful, the probability of a 40-50% bullish rally is very high. 💎However, what if the retest isn’t successful? There is a major support level at $44-$47. This zone is packed with liquidity and has historically pushed the price upward. If #COMP retests this area, it could provide a strong rebound. 💎If the $44-$47 zone fails, the next key level is $40.62. This support needs to hold to maintain the bullish outlook. 💎If #COMPUSDT continues to fall below these levels, the bullish scenario will be invalidated, leading to a deeper bearish trend. Always be prepared for all market outcomes and maintain disciplined trading strategies. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
COMPUSDT on the Verge of a Major Move – Are You Ready?Yello, Paradisers! Are you prepared for a potential big move in #COMPUSDT? Here's why you need to keep a close eye on this one right now. 💎 #COMP is showing promising signs of rebounding from a strong support area. If this upward trajectory continues, we could see a test of the descending resistance area soon. A successful breakout above this descending resistance could ignite a bullish momentum, potentially driving the price significantly higher. 💎Our first target is the resistance level around $66. Should COMP break through this area, there is a high probability it will reach our target strong resistance level. 💎However, if COMP fails to show strong signs at the support and merely moves sideways for a few days, this could spell trouble. A break below the strong support level would invalidate the bullish outlook and indicate a bearish continuation, driving the price further down. It's crucial to be patient and wait for the best, highest probability trading opportunities. Remember, disciplined trading is the key to long-term success. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
2
📈In-Depth COMP Analysis: Unveiling Trading Opportunities💵🔅Today, I'm excited to delve into a comprehensive analysis of COMP, providing valuable insights to aid your trading decisions in this dynamic market environment. 🔍To begin, let's take a closer look at the current state of the market. As we've observed, the cryptocurrency landscape continues to oscillate within a range-bound pattern, presenting both challenges and opportunities for traders. Amidst this backdrop, individual assets like COMP offer intriguing prospects for short-term trading strategies. ✅COMP, on the daily timeframe, has recently encountered a pivotal support level, triggering a phase of consolidation and corrective price movements. Notably, it has retraced to the 0.382 Fibonacci level, aligning with its broader range-bound behavior. Concurrently, a discernible downward trendline curve is exerting pressure on prices, although the selling volume appears to be waning—a potential indication of diminishing bearish momentum. 📈For those venturing into futures markets, a potential short entry could materialize following a decisive break below the $49.68 level, with a downside target around $39.54. However, it's crucial to exercise prudence and closely monitor price action, particularly for any signs of strong buyer presence that may prompt a reassessment of short positions. Additionally, a confirmed drop in the Relative Strength Index (RSI) below 30, coupled with stabilization, could signal an imminent sharp decline, warranting heightened attention. 📉On the flip side, for traders eyeing long positions, patience is paramount. It's advisable to wait for a clear breakout above the trendline curve, preferably accompanied by a breach of the trigger level at $59.75, before considering entry. Even for existing long positions, caution is advised, as formidable resistance lies ahead at $66.25, with the 0.618 Fibonacci retracement level remaining intact. In the spot market, a significant trigger for long positions stands at $95.77, representing a critical barrier from previous major upward moves—a breach of this level could herald a robust uptrend. 📝In conclusion, as we navigate through the twists and turns of the market, adaptability and vigilance are key. Remember, successful trading requires a judicious blend of technical analysis, risk management, and emotional discipline. Stay informed, stay patient, and above all, stay safe. 📣I'm eager to hear your thoughts and insights on this analysis. Let's continue to learn and grow together in this ever-evolving trading landscape. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
COMP/USDT preparing bullish trajectory|👀🚀COMP analysis💎 Paradisers, let’s delve into the #COMPUSDT as it nicely following falling wedge formation however, there’s a glimmer of hope as it once again restores momentum at the key support level of $49.82. 💎 But what if #COMPOUND can’t quite stick the landing at this support level? In that case, we need to be prepared to switch up our strategy. Our focus shifts to a strong comeback from slightly lower down specifically, at a support level it has already tested twice. 💎 Should the price of NYSE:COMP dip below this critical area, it’s time to reevaluate our game plan. We’re optimistic about a potential bounce back from the next support line, which sits at $41.92. However, if it fails to recover from there, we may witness further downside. Stay vigilant and remain adaptable as we closely monitor unfolding market dynamics. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Compound | COMPCOMP Rallies Over 100% After CEO Quits ! Robert Leshner, the well-known creator of the DeFi lending platform Compound Finance, has resigned from his position as the CEO of the DeFi lending protocol. Leshner recently announced his plan to launch Superstate Trust, a new business venture. The creation of a short-term government bond fund is the goal of this endeavor. Notably, Superstate Trust has already raised $4 million in startup money from a variety of DeFi investors. Compound (COMP), the native token of Compound Finance, is still on the rise despite Leshner’s resignation. COMP, which is currently trading at $55.87, has experienced a spectacular rise in value of 22.47% over the last two days. Compound Finance has $2 billion in assets and that its governance token COMP has increased by over 100% in the last week. Significant digital assets including Bitcoin, Ethereum, and the S&P 500 have all increased by less than 3% during that time period. This outstanding performance demonstrates Compound’s robustness and adaptability in the face of organizational changes and reflects increased investor trust in the token’s potential. Compound supporters believe that recent significant cryptocurrency ownership outflows by important market participants are clear signs that the price of Compound (COMP) will continue to rise. These backers are optimistic that Compound and its chances for future growth are looking good thanks to the withdrawals made by crypto whales, who own substantial sums of digital assets. Bullish investors predict Compound may even surpass the remarkable valuation of about $80 in the upcoming weeks as a result. This upbeat attitude is based on the idea that these powerful players’ withdrawal activities reveal their trust and confidence in Compound’s long-term potential, acting as a catalyst for the stock’s upward trend. The Superstate assets will have the chance to be represented on the Ethereum blockchain, claims a prospectus filed with the Securities and Exchange Commission. The prospectus stressed the use of blockchain technology and the advantages of “operational efficiencies” that come with it. On the Ethereum blockchain, Compound is a protocol for an algorithmic money market. In particular, the current DeFi craze is ascribed to this network for initiating it. In the middle of the summer of 2020, Compound was the first platform to introduce yield farming to the market. In many ways, yield farming is comparable to staking cryptocurrency. Leshner established one of DeFi’s earliest protocols to draw substantial asset contributions. Compound and a few other protocols, including MakerDAO, were among the first to demonstrate that blockchains might be used for purposes more than just transferring tokens. The DeFi Summer liquidity mining boom began with COMP’s introduction in June 2020. Meanwhile, rumors spreading across social media that COMP holders would get some form of airdrop from Superstate provide a potential reason for the price movement of COMP. However, there has been no formal statement from Superstate stating that COMP will participate in the activities of the new company.
Long
by moonypto
10