Another major Cryptocurrency project, trading pair (COMPUSDT) is now moving forward.
Today Compound trades at its highest level moving north since the June 2023 rise. This is happening after a clear and strong higher low as prices move above EMA300.
With the action we are seeing today, a bullish continuation is basically confirmed. ➖ The day needs to close above $50 for this signal to be valid.
Anyway, there is no need to doubt, too many signals are pointing to the continuation of this massive bullish wave.
Targets can be seen on the chart. Full trade numbers in the 'Related Ideas' below.
Thank you for reading.
Namaste.
Comment
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9-Nov closed green after a very strong shakeout... This translates into a bullish continuation.
Daily:
1H:
Here we can see the wick below support followed by a quick recovery. Red volume dries up immediately after the shakeout candle.