COMP has seen some bearish pressure over the last couple of hours during Bitcoin's incredible rise earlier today. After some consolidation, COMP has produced a big bullish candle. I interpret this candle as a signal for a new bullish move upwards.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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