TradeDog-Research

COMP-USDT(Symmetrical Triangle breakout)

Long
BINANCE:COMPUSDT   COMP / TetherUS
With the Total Value Locked in Lending Protocols at record highs (~21.1 Bn), Compound has reserved its second spot in the list with ~$6.22 Bn locked in its protocol.
ON 4 Hourly Time Frame, COMP has been trading in a Symmetrical Triangle and has given a breakout from the pattern.
Key Levels to watch out :-
The support to the lower side is present at $420 while it is most likely to reach the target of $560.

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