COMP Continues Climbing Towards New All-Time High

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In Brief
  • COMP came close to making a new all-time high yesterday but was knocked back down.

  • The short-term trend is showing signs of weakness.

  • The price is possible near the top of the third wave in a five-wave Elliott formation.

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Yesterday, Compound (COMP) increased by over 45% throughout the day. It came very close to reaching a new all-time high but has since pulled back a bit. The COMP price has been increasing since Aug 2, when it reached a low of $110. From that low to its current price, COMP has increased by more than 96%. COMP Nearly Cracks All-Time High Yesterday's candlestick was the biggest to date,

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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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