Compound vs Bitcoin Long-Term (Bullish Confirmed)

10 ביולי 2022

The bullish bias has now been confirmed for Compound.

We are looking at COMPBTC but also COMPUSDT has gone bullish.

Notice the candle marked 13-June.
The Doji with -8 TD Sequential count marks the low.

The full green candle that follows confirms the low.

The current candle with a long wick below EMA10 (0.002376) just to recover and close the week above this level confirms the bullish bias.

With these signals in, the low, bounce and test of short-term support, we can expect prices to start moving up.

A change of trend = Long-term growth.

Long-term growth = Higher highs and higher lows.

Namaste.