📊#COMP Huge upside potential, worth paying attention to👀➡️From the technical analysis point of view. 👀
🧠After a long period of decline, we hit a record low in June this year, and the rebound effect was also very strong. Then we can use this to judge the validity of this low as a new historical low. We gradually built a line of defense in the subsequent adjustments, and formed a small double bottom structure and started to move higher, but we can easily find from the chart that our increase was not too large, compared with other coins.
➡️Assumptions:
🧠If we can break through the key point 55, then we may break through the H point above. If the H point is successfully broken through, then we will challenge the short defense point above. If the short defense point is broken through, it means If the short structure is destroyed and there is no short structure as an obstacle, then the previous high will most likely be broken through. If the previous high is broken through, then the smiley face bullish structure will be established. If this bullish structure is established, then the mid-term TP zone will be It may be possible, and even higher target areas can be expected. ✔️
➡️Let’s look at it from fundamental analysis👀
You should know that COMP is an algorithm-based automatic interest rate system built on the Ethereum blockchain. If we refer to the increase in ETH, the possibility of subsequent compensatory increases in COMP is very high. Therefore, we can also use this to horizontally refer to ETH to find future goals. 🎯
👆To sum up, if my prediction comes true, then we will have the best entry opportunity near the buying zone, because once we miss this buying zone, you will find that when you want to buy again , its purchase cost will only deter you. So we can use DCA to make purchases near the buying area.
⚠️Note that if our bullish defense level is broken, this bullish idea will be invalidated. ❌
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