COMP has moving same as previous moves , so it will give nearly 200 % UP move very strong if it breaks the upper trendline in Weekly and strong candle close .
it has forming Expansion channel pattern inside it is giving good up movement when it touches
support zone and breaking out from the pattern in weekly time frame .
and at the same time Bitcoin dominance is decreasing and altcoins dominance is started increasing , so look on all the altcoins
and follow proper risk management , it has very good chances to move UP side but first we have to protect the down side , where risk management comes into game .
it has forming Expansion channel pattern inside it is giving good up movement when it touches
support zone and breaking out from the pattern in weekly time frame .
and at the same time Bitcoin dominance is decreasing and altcoins dominance is started increasing , so look on all the altcoins
and follow proper risk management , it has very good chances to move UP side but first we have to protect the down side , where risk management comes into game .
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.