Compound probably printing a nice rounded bottom

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Comparing to the BTC pair Compound seems to be a sleeping monster. Everytime COMPBTC was at these lows it made massive gains on the USD-pair in the upcoming rally.

OI is constantly rising as we bottom out, which is a good sign. First confirmation would be a touch or break of 380$, target could be 700$ or higher depending on Bitcoins strength.

https://i.imgur.com/y0FRJNS.png

Stay safe.

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ملاحظة

There it is :)



Looking decent so far, think a touch of 380$ would confirm the breakout.

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ملاحظة

Retested the breakout, this range should hold now coming days/week. Second push has to be larger with more momentun, ideally straight to 400$ to be really safe.

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ملاحظة

Was a bit shaky last days with that shakeout move we had. But now things are lookinmg more promising again. Often before big moves we see price action like this, so this should be it. Like I said, everything above 380$ would be good.