$COMP is sitting at a major long-term support zone around $15–$18 within a multi-year descending channel. This area could be important for a potential trend reversal if buyers continue to defend it.
A confirmed weekly breakout above the $20–$22 resistance/trendline would be a strong bullish signal and could open the way toward $30–40, $60–70, and eventually $100+.
However, if $15–$18 fails as support, COMP could revisit the $10–$12 area. For now, patience is key. The major level to watch is $20–$22 for bullish confirmation.
NFA.
A confirmed weekly breakout above the $20–$22 resistance/trendline would be a strong bullish signal and could open the way toward $30–40, $60–70, and eventually $100+.
However, if $15–$18 fails as support, COMP could revisit the $10–$12 area. For now, patience is key. The major level to watch is $20–$22 for bullish confirmation.
NFA.