There has been a test of resistance already followed by a push downward. The current position is just a little retracement that gave us our entry. Expecting it to continue moving downward.
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...
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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