The daily chart looks crappy and it is hard to predict when a correction will end but the 4H chart is starting to show some early recovery signals.
Compounds (COMPUSDT)
We have 5 signals that are pointing towards and up-move.
Remember, if this one moves everything else does the same and many are already breaking bullish.
1) Higher lows. This can be seen easily on the chart so it needs no explanation.
2) High volume on the last session, several times above the average.
3) Double bullish divergence. With the MACD and RSI.
4) Bullish hammer and Doji. Both can work as reversal signal, the Doji with high volume giving strength to the hammer.
5) Altcoins market continues with a bullish bias.
The hammer is invalidated on a 4h close below $54.
The chart in general can change but as it looks now, the bulls are waking up.
Namaste.
Compounds (COMPUSDT)
We have 5 signals that are pointing towards and up-move.
Remember, if this one moves everything else does the same and many are already breaking bullish.
1) Higher lows. This can be seen easily on the chart so it needs no explanation.
2) High volume on the last session, several times above the average.
3) Double bullish divergence. With the MACD and RSI.
4) Bullish hammer and Doji. Both can work as reversal signal, the Doji with high volume giving strength to the hammer.
5) Altcoins market continues with a bullish bias.
The hammer is invalidated on a 4h close below $54.
The chart in general can change but as it looks now, the bulls are waking up.
Namaste.
Note
Volume is coming in while the RSI hit oversold, 1H, and is now recovering.Bullish bias strengthen.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
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.