We have price breakout from falling wedge formation. In addition to this, the re-test has been done with price accumulating for next major move.
Longing the coin from the Buy Zone will not be a bad idea with specify stop loss inplace.
If you are leverage trader then go with aggressive stop loss and spot trader can hold with conservative stop loss value.
Compound is caught up in a descending channel , which is bullish in many cases, we may see an old support existing in another chart ( Tether Pair on Poloniex) around this low price range
Enjoy all the great opportunities !
Targets T1 and T2
Price of the COMP is on the possible breakout from Wedge pattern.
Price can increase for the several levels inside range of 220 and 180.
Pls, do not forget price of the COMP is quite high, and recently it increased from 60$ up to 380$
So i greatly advice to decrease risk in the trades which increased that much recently....
Potential Mega Phone Setup COMP/USDT
Looks like its close to time again?! Got your bag yet? Looks like it could be a easy 50% or even 74% in the next leg up. That's if this megaphone holds true.
There is some major VCs behind this one like Bain Capital, Andreessen Horowitz, and Polychain.
I do believe this is the final step down before the break out commences....
we just need to break through the cloud and i think we will form something close to this pattern. The RSI is almost back where we want it for an up swing, and with decreasing volume less trades are being made (more are holding) along with faster runups vs selloffs (selloffs are taking longer and longer while buying is happening faster and faster). CMF can confirm...