COMP-6h. Will there be consolidation before test $190?
Yesterday's sharp drop in the COMP market showed that continued growth without consolidation is unlikely. In fact, in an hour the sellers lowered the price by 7%.
The COMP price stopped before the critical range of $133-140. Near the $133 mark is a global trend line, which buyers have been holding since the beginning of November. Its breakdown will lead to a sharp drop in prices to $100. Given the positive dynamics of the cryptocurrency market, the probability of this scenario is low.
However, it is better to temporarily get rid of the token if the price is fixed below $130.
Our main scenario is to continue growing to $190. However, this requires complete depletion of sellers at local lows.
___________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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The COMP price stopped before the critical range of $133-140. Near the $133 mark is a global trend line, which buyers have been holding since the beginning of November. Its breakdown will lead to a sharp drop in prices to $100. Given the positive dynamics of the cryptocurrency market, the probability of this scenario is low.
However, it is better to temporarily get rid of the token if the price is fixed below $130.
Our main scenario is to continue growing to $190. However, this requires complete depletion of sellers at local lows.
___________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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