Compound
Short

COMP looking over bought, might test support at $675~

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COMP volume has diminished in the last few days leading those who bought at $450 support band to take large profits. I expect a test of support at $675. Invalidation of bulls at $675 could push the price down to $500. Otherwise support could gather at $675 for the eventual push to $1000.

Overall price outlook looks good for COMP because Ethereum has surged in price.

The compound protocol continues to attract more users and has a factor more assets in its markets compared to competitors like (AAVE), (XVS), and (NEO).

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