Compound is still in a consolidation phase after a strong correction but as soon as its price moves above $40 we consider it strong.
This can turn into a long drawn out correction or a short one but the bigger picture is up.
This is the picture for the next six months... Notice how even if a drop happens the bias is still bullish with higher highs potential compared to July always in place.
This is the medium term picture but once the bull-market start the current candles will disappear from the chart because of all the growth that will take place.
Until the next one.
Thank you for reading.
Namaste.
This can turn into a long drawn out correction or a short one but the bigger picture is up.
This is the picture for the next six months... Notice how even if a drop happens the bias is still bullish with higher highs potential compared to July always in place.
This is the medium term picture but once the bull-market start the current candles will disappear from the chart because of all the growth that will take place.
Until the next one.
Thank you for reading.
Namaste.
Trade closed: target reached:
This one moved perfectly and we are likely to experience a new bullish wave.
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lamatrades.com (Since 2017)