#COMP
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move by breaking it upward.
We have a support area at the lower limit of the channel at 48, acting as strong support from which the price can rebound.
Entry price 53
First target 56
Second target 60
Third target 64
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move by breaking it upward.
We have a support area at the lower limit of the channel at 48, acting as strong support from which the price can rebound.
Entry price 53
First target 56
Second target 60
Third target 64
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