Compound Gets Even Better —Bull Market Confirmed

The trading pair COMPUSDT seems to be struggling short-term, daily timeframe, but what is actually happening? Why all the daily candles continue to close so small even while volume is high? Let me explain.

Resistance was present on the form of EMAs. Recently, COMPUSDT managed to break above EMA21 and EMA34, then EMA55. But one major level still needed to be taken out, EMA89. This is the blue line on the chart.

Two days ago COMPUSDT moved and close above this level. Yesterday, there was a Doji but no retrace. And today the action is green above $45.27 (EMA89). This is bullish confirmed.

See what happened back in November 2024, it is all the same. When COMPUSDT managed to close daily above EMA89, we have a massive bullish wave. It will be the same but different. The difference is that this time around the bullish wave will be many times bigger, prices will go much more higher.

Thank you for reading.

Namaste.