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.
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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