✳️ Compound Descending Channel Followed by Bullish Wave (120%+)
This little pattern here reveals what is coming to Compound.
#1 | Descending channel leads to rounded bottom followed by... #2 | A bullish wave.
Now we have a strong higher low, a bullish RSI and market conditions improving.
#1 | The descending channel is present and lead to a failed consolidation that ended in a rounded bottom. This rounded bottom can be followed by... #2 | A bullish wave.
40/50% potential on the first jump. A total of 120% for the entire wave mapped on this chart.
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