#COMP/USDT : TRADE SETUP
Bullish break out from Symmetrical Triangle pattern, above 200-day moving average, signaled resumption in Uptrend . Price reached our target of $60 resistance where it got rejected in November and pulled back near $47 support.
That could be another swing trade entry in Uptrend with upside potential back to $60. (set a price alert).
Trend: Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $47 (previous resistance), then $36. The nearest Resistance Zone is $60, then $80.
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