THIS PATTERN SHOWS #COMP 'S INTENTION TO DO THIS NEXT PRICE ACTION!
If you're looking for an in-depth analysis of COMP, then, you're in the right place.
Here's why.
COMP has been moving below its major support since the decline that happened from 2020-2022. It continues to move in a ranging market structure below these major supports that once held it. Now, it's accumulating strength and can possibly breakout after some minor and major tests. More demands will continue to show up once the acknowledgement of other traders will pop up within these zones. The more this token experiences its downward strides, it would potentially cause a high bounce to happen. As of the moment the major resistance that was created is still at 100. Anytime soon, this would be broken and will potentially cause another major resistance to be tested.
Stay wise, trade cautiously.
