COMP | Compound Bearish Descending Triangle Indicating -30%

29 thg 4, 2022

COMP is forming what looks like a descending triangle. Volume is dropping and COMP's price has just crossed the MA50, which didn't offer much support.

Once Compound closes below $115, I think it's safe to assume that COMP is going to test its November 2020 low at ~ $80.6.

Let's see how this plays out.

Thanks for your support.

Have a good one.