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COMPBTC Breaks Descending Channel (Over 350% Mapped)
COMP / Bitcoin
Long
COMPBTC Breaks Descending Channel (Over 350% Mapped)
By AlanSantana
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Nov 14, 2020
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Nov 14, 2020
Take a look at this descending channel... It has been broken and prices are now above the EMA21 line.
We are seeing bullish action develop since Nov. 5th.
The RSI is now looking good with bullish divergence and higher lows:
It is already moving higher, with lots of room left for additional growth.
Additional information and targets can be seen on the chart.
The red dashed-line works as the last low and can be used as a stop-loss as well. (We use manual stop).
Feel free to share your thoughts in the comments section.
Only hit LIKE if you enjoyed the content, it was useful to you in some way, or if you want to show some support.
If no, then don't hit like...
Namaste.
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