COMP is just doing a simple retracement and it made it all the way to the 100% retracement zone. Now we can expect an impulse higher with BTC stabilizing.
Next PTs for COMP using the 4 hour swing low and swing high points are as follows.
PT1: $622
PT2: $728
Will follow a trajectory similar to the orange line I posted. Once we take these two price targets by end of May, we can then target ATHs again by mid-June imho.
Bonus: COMP has performed flawlessly in the selloff - many expected DeFi projects to get totally destroyed in the selloffs considering they rely on automation and specific price reference algorithms to a large degree - COMP performed well and their $14B TVL is still completely in tact.
Also COMP did print a Hash Ribbons BUY signal on the 17th... this is massively bullish for the project and means there is imminent upside ahead.
Next PTs for COMP using the 4 hour swing low and swing high points are as follows.
PT1: $622
PT2: $728
Will follow a trajectory similar to the orange line I posted. Once we take these two price targets by end of May, we can then target ATHs again by mid-June imho.
Bonus: COMP has performed flawlessly in the selloff - many expected DeFi projects to get totally destroyed in the selloffs considering they rely on automation and specific price reference algorithms to a large degree - COMP performed well and their $14B TVL is still completely in tact.
Also COMP did print a Hash Ribbons BUY signal on the 17th... this is massively bullish for the project and means there is imminent upside ahead.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.