Compound (COMP) – Bullish divergence
Compound / U. S. Dollar KRAKEN:COMPUSD
On the above 2-day price action has corrected over 90% since mid May 2021. Now is an excellent time to be bullish . Why?
1) A ‘incredible buy’ signal prints.
2) Regaular bullish divergence . Lots of it. Multiple oscillators are currently printing bullish divergence .
3) A dragonfly DOJI candle prints.
4) RSI resistance breakout.
5) On the 10-day chart (below) price action prints an impressive Dragonfly DOJI candle. This is rocket fuel for price action.
Is it possible price action falls further? For sure.
Is it probable? No.
1st target: $500
Good luck!
Ww
10-day chart
