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TradeDog-Research
Jun 1, 2021 8:34 AM

COMP-USDT(Double Bottom) Long

COMP / TetherUSBinance

Description

An open-sourced decentralized finance protocol built on the Ethereum blockchain that has currently locked in ~$7.38 Bn in its protocol.
From its All-Time High, COMP too crashed ~70% and is currently trading at $420.
It has currently taken support from the level of $350 and it looks like it is forming a Double bottom kind of formation, further downside seems unlikely.
The support to the lower side is present at $280 while it is possible to achieve $550.
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