The post COMP Technical Analysis Mar 22 appeared on BitcoinEthereumNews.com.

COMP is maintaining its upward trend structure with the HH/HL formation, but a break below $18.72 support could signal a trend change (CHoCH). The question of whether the market structure continues or reverses depends on critical BOS levels. Market Structure Overview COMP’s current market structure features a classic HH/HL (Higher Highs / Higher Lows) formation that preserves its upward trend character. While price is consolidating at $19.01, staying above EMA20 ($18.56) gives a short-term bullish signal. Although Supertrend gives a bearish signal ($21.99 resistance), MACD shows a positive histogram and RSI at 53.85 draws a neutral-bullish picture. Multi-timeframe (MTF) analysis shows 13 strong levels on 1D/3D/1W: balanced distribution (1D: 3S/3R, 3D:1S/2R, 1W:3S/3R). This indicates the structure is still solid, but the $18.72 swing low is critical. For trend continuation, a close above $19.03 is expected; for reversal risk, a BOS below $18.72. The market is moving in parallel with general crypto volatility; 24h -1.86% change reflects BTC correlation. Trend Analysis: Upward or Downward? Upward Trend Signals The upward trend is supported by the latest swing highs ($19.0299, $19.6689) forming successive HH and swing lows ($17.0019, $17.6200, $18.7183) rising in HL pattern. This HH/HL structure shows buyer dominance: higher support at each low, higher resistance at each high. Position above EMA20 reinforces short-term bullish bias. MACD histogram is expanding positively, momentum upward. Bullish continuation target $24.83; this is a 30% extension of the last HH. If HH/HL continues on 1W timeframe, it could open the way to $27.22. Educational note: HH/HL is a basic price action rule that measures trend strength; each new high/low tests buyers/sellers. Downward Trend Risk Signals for a downward trend are being monitored with LH/LL (Lower Highs / Lower Lows). Risk is low unless $19.0299 high is broken to form LH, but a close below $18.7183 triggers…

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Filed under: News - @ March 22, 2026 4:04 am