InvestingScope

COMPUSD: 1W candle turning green pointing to a rally continuatio

Long
CRYPTO:COMPUSD   Compound
COMPUSD has been a very profitable crypto for us lately (last idea at the bottom) and as it crossed above the 1 year Channel Down invalidating it, the 1W timeframe turned bullish (RSI = 65.140, MACD = 5.050, ADX = 32.042).

If the 1W candle closes green on this bullish pinbar, we will buy again and target the 1W MA100 (TP = 100). The upside potential is significant as the recent Bullish Cross on the 1W MACD was formed under the 0 level.

Prior idea:


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