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 is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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