COMP, currently in a downtrend, is in an overall falling wedge pattern, which is bullish. Also, several of the most recent candles show inverted hammer patterns, which suggests we could be seeing a trend reversal soon. There has been a long downtrend lately, but things could soon take a turn upwards. Going to be watching for other signs as well.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.