Compound 1,141 Days Long Consolidation Ends

Compound is trading at true bottom prices. Compound has been sideways for 1,141 days, more than three years.

This is not a bear market. The market has been even rising slowly within the long-term accumulation and consolidation period.

Trading volume has been big on the buy-side for years. Major buying is present always since the bear market ended in June 2022.

First we had a bear market. This is the period on the left side of the chart with decreasing prices.

Then we had a period of consolidation, the market moves sideways without producing a trend.

Last, we get a new trend, an uptrend. Since we had a bear market last, we get a bull market next. The bull market is followed by a bear market and the cycle repeats.

Some pairs can evolve but the market tends to produce similar patterns long-term.

We are going up, we know this based on past and current market action.

Namaste.