COMP - This one is a bit of a conundrum. Stuck around or under the .618 fib since the end of September. I think it could easily reverse here and hit $365 with ease. However, stucturally speaking with EWs, it needs to print a new low to complete its ABC. The alt count has the ABC done on October 12th, with wave 3 starting with an unfinished leading diagonal (this alt count is not on the chart.) I see a great push on this coin in the mid term, regardless of what happens in the next few days. We just need to nail the bottom fam.
Happy and safe trading to everyone.
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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.