TheSignalyst

COMP - Potential Bullish Reversal!

Long
BINANCE:COMPUSDT   COMP / TetherUS
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COMP is overall bullish and now approaching the blue trendline from Daily acting as a non-horizontal support, so we will be looking for buy setups.

on H4: COMP formed a wedge pattern in red but it is not ready to go yet.

Before we buy, we want the bulls to take control.

Trigger => Waiting for a momentum candle close above the last swing high to buy (gray area)

Meanwhile, until the buy is activated, COMP would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
http://www.RichTL.com

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