COMP is at the bottom of the pitchfork support and is going to have to choose a direction soon. A breakout up would be rather bullish, and if (after some consolidation) it could break above the top of pitchfork I will double down on my position, as the pitchfork will act as a VERY strong support. However, a break down would be short term bearish and I would expect it to stay below the pitchfork for some time.
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.