COMPUSD Buyers Are Preparing For More Liquidity Flow
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COMPUSD Analysis – Buyers are Preparing for More Liquidity to Flow Above the $58.4000 Key Zone
COMPUSD buyers are preparing for more liquidity flow above the $58.4000 key zone. The buyers have set up to engage in more bullish action above the $58.4000 key zone. After the buyers recently broke through the $58.4000 significant level, the price movement was hindered by the sell traders as the crypto market began to swing high and low in price. The Moving Average Crossing has disclosed a buying stance and is still open for liquidity flow on the daily chart.
COMPUSD Price Levels
Resistance Levels: $171.4000, $$58.4000
Support Levels: $43.2200, $28.1400
The sellers who had caused a major impact on the COMPUSD price traded price action from $171.4000 to $171.4000, a significant level with the moving average of 9 and 21, showing a bearish trend signal. The selling influence pulled the crypto market from the $171.4000 key zone to the $28.1400 significant level. At this key level, the selling tension was held up by the buyers. The Parabolic SAR (Stop and Reverse) shows a selling stop at the $28.1400 significant zone.
The buying strength has been consistent for some time now. Market consolidation played out between the key zones of $43.2200 and $58.54000. The buyers are now preparing with a long-term projection to rally back to the 171.4000 key zone with strong liquidity flow. Looking at the Stochastic Oscillator indicator, it is currently poised downward due to selling interactions on board. A cross has been noticed at the middle level, which therefore implies that buyers are already settling in again. We can therefore anticipate more buying action.
COMPOUND Market Expectations
The buy traders are posing a price tendency following a short swing lower. More buying action is therefore to be witnessed on the 4hr chart. The Parabolic SAR still confirms that there is room for more buying tendency in the market.
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