Compound (COMPUSD) Traders Aim To Step Price Trend Above $63.500 Key Zone
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COMPUSD Analysis – Traders Aim To Step the Price Trend Above the $63.500 Critical Zone
COMPUSD traders aim to step up the price trend above the $63.500 key zone. Since the middle of June, the price trend of the cryptocurrency market has been on an upward swing. This trend is expected to continue for the foreseeable future. More space has been made available for purchase orders at competitive prices by the buyers. Since the critical zone at $29.3100, there has been relatively little movement. The upward trend was precipitated by a breach above the anticipated trend line. As a result, we ought to anticipate a more significant buying influence, given that purchasers intend to trade price trends above the $63.5000 key level.
COMPUSD Key Zones
Resistance Levels: $177.000, $98.0900
Support Levels: $63.5000, $29.3100
COMPUSD traders aim to step up the price trend above the $63.500 key 
The sellers do not find themselves marginalized in the market. As a result, we ought to anticipate some significant contributions from them. The price order for selling was first associated with a substantial decline beginning at the critical level of $177,000. On the other hand, a greater influx of traders looking to sell was observed in action as the price continued to break through the $98.0900 critical zone. Buy traders were observed attempting to hold selling influence around the $63.500 critical zone but ultimately failed as an additional dip was seen down to the $29.3100 critical zone.
Following the significant drop, we can see that the buy traders are regaining their power, and the Price Oscillator signal is beginning to expand forward over the 0.000 level. Even though there has been a drop in the price in recent times, buyers are still very much focused on increasing it. Therefore, more buying opportunities are still in stock for the buyers.
Market Expectations
As the COMPUSD continues to swing higher, traders actively observe the market for potential buying opportunities. As the day progresses, the 4-hour chart is expected to reveal an increasing number of fresh opportunities to buy.
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