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$COMP Bearish Shark Return

$COMP Bearish Shark Return

$COMP Bearish Shark Return

$COMP Bearish Shark Return

COMP/USD COINBASE:COMPUSD
TradingNomadic


$COMP Bearish Shark Return

COMP still has some work to do here but its starting to diverge on both the RSI and the MACD . Bullishly engulfing here as well with a possible partial decline. This is the 3D but i do like this time frame for reducing a little bit of the noise from the daily, and a little faster than the weekly. You really want to see COMP back above 180, which would open the door to about 100% upside to the next major resistance.

The 1.13 rejection on AC could imply we are going to see an .886 return to complete the Bearish shark here, but even a reasonable retrace to the 50% is about 3X from here.

COMPs also been added to Robinhood and its safe to say that will lead to a lot more volume and eventually some significantly higher prices.

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