COMP | Compound Bearish Descending Triangle Indicating -30%
COMP / TetherUS BINANCE:COMPUSDT
COMP is forming what looks like a descending triangle . Volume is dropping and COMP’s price has just crossed the MA50, which didn’t offer much support.
Once Compound closes below $115, I think it’s safe to assume that COMP is going to test its November 2020 low at ~ $80.6.
Let’s see how this plays out.
Thanks for your support.
Have a good one.
