Hodltrading

$COMP daily chart - Compound

Hodltrading Updated   
BINANCE:COMPUSDT   COMP / TetherUS
COMPUSDT at the daily chart.

Strong Support at 40.82$ and it's not just a normal support, it is a golden Fibo 0.618 level and uptrend that started from last June 2023.

First Resistance at 44.97$ but it's better to make your first target at 44.60$ because there is a 200MA line at 44.70$

The rest of the resistance : 44.97$ - 52.6$ - 67.7$ - 87.5$ - 112.5$

If the token loses 40.80$ support, the first targeting area will be around 36.7$ and next support at 29$ - Strong and important support at 20$

Disclaimer : Do your own research and trade at your own risk.

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Comment:
COMP lost it's daily support, looking for the next supports or breakup!
Comment:
After a false break of support, the currency returned, rose and closed above the rising trend again and hit the first two targets with precision.

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