COMPUSD Setup - Market Structure, Volume & Checks Out For Bullis

Compound (COINBASE:COMPUSD)

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COINBASE:COMPUSD Compound

COMPUSD has broken out of the previous falling wedge pattern with a target indicated in the chart. It has also recently broken out of the larger timeframe moving averages as resistance. Volume shows increasing buyer volume on increasing price, with RSI on larger timeframes under 70, which makes the case it can go higher.

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*These are purely my speculations and are not financial advice.

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