💎The current long-term price action of #COMPUSDT presents an enticing opportunity. Taking a step back and examining the broader context, we can observe a compelling narrative. Following the formation of a double bottom pattern, there was a monumental breakout above the downtrend trendline in June. During this bullish surge, the price experienced an impressive 269% ascent, only to later retrace by approximately 80%.
💎What captures our attention is the intricate price action surrounding the 78.6% Fibonacci support level, where #COMPUSDT has meticulously crafted a double bottom formation. This pattern underscores the presence of robust demand, significantly enhancing the prospects of an impending upward movement.
💎Yet, at this juncture, #COMP has encountered a challenge in the form of a descending trendline, a barrier that must be surmounted for the price to sustain its upward trajectory. This is precisely what the MCP team eagerly anticipates—a breakout from this trendline that could trigger substantial price gains. In the event of such a breakout, we anticipate a remarkable price increase ranging from 65% to 80%. Notably, this aligns with the positions of two pivotal double Fibonacci resistance levels at $60.65 and $66.00.
💎Paradisers, the cryptocurrency market is heating up, and we are committed to keeping you informed about the most compelling opportunities that emerge daily. Stay tuned! 🚀📈