COMP touched the middle line of descending parallel channel that is the same as long term support.holding the middle line will increase price to break out from channel. for starting a new rally price has to break out from last yellow trend line maybe around $300.
if price break down from middle line it will drop to $80 and below that I think better to say goodbye to this coin.
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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.