Compound / Tether

Retracement possible for $COMP

359
100 day moving average and also a prominent resistance level are currently in the way. Bitcoin also has been moving lower (as of the last hour or so), which could influence this pullback even more. Notice the fib levels drawn as well, which line up with support levels, for possible areas of support on the pullback. If Bitcoin does not move significantly lower, this might be less likely to happen. Or even if it does, possibly. COMP has been strong after recent bullish news.

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