Compound (COMP) Breaking Resistance (Targets)
Updated
COMPBTC (Compound) is now moving above EMA10 and EMA21... Notice the strong volume on today's daily candle...
We have a strong RSI supporting this bullish move and a MACD bullish cross.
These signals are pointing to higher prices.
We also have bullish divergence with the MACD and RSI.
The next target is marked on the chart.
Note: Even as the chart is looking now things can change.
If there is a close below the last low at 0.005438, then we can expect additional bearish action before the next bullish wave... But the rising volume we are seeing now points to prices increasing next.
Namaste.
We have a strong RSI supporting this bullish move and a MACD bullish cross.
These signals are pointing to higher prices.
We also have bullish divergence with the MACD and RSI.
The next target is marked on the chart.
Note: Even as the chart is looking now things can change.
If there is a close below the last low at 0.005438, then we can expect additional bearish action before the next bullish wave... But the rising volume we are seeing now points to prices increasing next.
Namaste.
Note
Alright... Nice bullish breakout.Straight up as chartted.
Enjoy the profits.
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