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COMPUSD: Closed over the 1D MA200 flashing a strong buy signal

Long
Compound (CRYPTO:COMPUSD)  
InvestingScope  
CRYPTO:COMPUSD   Compound
Trend Analysis Chart Patterns Technical Indicators COMPUSD compound crypto cryptos Cryptocurrency cryptocurrencies cryptotrading compusdtrading
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trendanalysis chartpattern indicator compusd compound crypto cryptos cryptocurrency cryptocurrencies cryptotrading compusdtrading
COMPUSD closed the 1D candle yesterday over the 1D MA200 for the first time since April 18th, giving a strong buy signal despite turning overbought on the 1D time frame (RSI = 73.112, MACD = 1.660, ADX = 54.712).

We are taking a buy here, targeting the 0.786 Fibonacci level (TP = 55.000).

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