COMP head and shoulders

Jul 6, 2023

comp has compeleted 5 wave and it seems is in a correction wave with head and shoulders pattern.

Jul 6, 2023

Note

it is the first step of going down//

Jul 8, 2023

Note

neck line has broken , enormous falling if breaks 50

Jul 9, 2023

Note

The whales are trying to convince everyone that this coin is going to grow a lot and I think this is a big hoax and it is already involving with the monthly resistance area again and will break today's low in the coming days.

Jul 10, 2023

Note

Once again it was rejected from its monthly resistance. Candles with a very long shadow clearly show the weakness of the upward trend. I am waiting for a drop to at least $45 and I will not close the short position anytime soon.

Jul 11, 2023

Note

I am still on my idea unless the resistance level of (0.00225 comp to BTC) Which would be about 72$ is broken and above it is confirmed

Jul 13, 2023

Note

It must be admitted that basically we are facing a very strong upward trend , but my analysis is still valid because the monthly resistance of $72 is still unbroken. Now, we can expect that this coin with a double top pattern will start correcting first up to the neck line and in case of failure up to the support line of $45.
However, the overall uptrend is very strong and if a correction takes place, I expect the coin to eventually bounce back from the aforementioned areas.

Jul 15, 2023

Trade closed: stop reached

Price hit the stoploss
however I am looking for another short position around 80$