Compound recently made a new all time high breaking into the $300. Currently, I am waiting for Comp to retest the previous all time high and continue higher to complete its 1:1 measure move to $460. The lending protocols have been gaining a lot of attention as people are looking for more yield. AAVE, Celsius, and a few other have made a lot of gains over the past few weeks. It is about to be Compound turn to catch up to the rest of the lending protocols.
Let me know your thoughts.
Trade chiuso: obiettivo raggiunto
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Fully out of trade. Waiting for consolidation before making any other trades on Compound.
It's going all the way to $550 which is its trendline top then expect a long looping retraction much like this run up and a second run sometime late spring early summer