COMP appears to have completed a bullish ABC pattern and is now potentially entering a bearish phase, possibly Wave D of a larger corrective structure.
As shown on the chart, price is currently trading below an important Flip Zone, which could now act as resistance. If COMP pulls back toward this zone, we will be watching for potential selling opportunities and looking for a suitable entry to join the expected downward move.
The target levels are marked on the chart, and if bearish momentum continues, COMP could extend its decline toward the third target. For now, we will monitor the price reaction around the Flip Zone and see whether sellers manage to maintain control.
A daily candle close above the invalidation level would invalidate this bearish scenario. Until then, the possibility of further downside remains on the table.
As shown on the chart, price is currently trading below an important Flip Zone, which could now act as resistance. If COMP pulls back toward this zone, we will be watching for potential selling opportunities and looking for a suitable entry to join the expected downward move.
The target levels are marked on the chart, and if bearish momentum continues, COMP could extend its decline toward the third target. For now, we will monitor the price reaction around the Flip Zone and see whether sellers manage to maintain control.
A daily candle close above the invalidation level would invalidate this bearish scenario. Until then, the possibility of further downside remains on the table.
🔥 Don't Just Watch the Market. Understand It!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
🔥 Don't Just Watch the Market. Understand It!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
📊 Crypto Analysis & Setups:
👉 t.me/Behdark_EN
💹 Forex Analysis & Setups:
👉 t.me/FX_Behdark
🚀 Join BehDark for Market Insights, Trading Setups & Key Levels. Choose Your Market & Join Us!
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
