Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🔹 COMP has been overall bearish trading within the falling channel in red.
However, it is currently rejecting a strong weekly support at $35 - $40.
Moreover, it is clear that the bears are exhausted as the bearish impulse phases are getting more flat.
📈 For the bulls to take over, and shift the momentum in their favor, a break above both trendlines and $50 round number is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🔹 COMP has been overall bearish trading within the falling channel in red.
However, it is currently rejecting a strong weekly support at $35 - $40.
Moreover, it is clear that the bears are exhausted as the bearish impulse phases are getting more flat.
📈 For the bulls to take over, and shift the momentum in their favor, a break above both trendlines and $50 round number is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
Disclaimer
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.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
RichTL.com
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
Crypto.com Exchange
crypto.com/exch/theSignalyst
Disclaimer
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.