Sushi/USDT 1D
Sushi had/has some momentum building as of late but its running into resistance but has stalled out.
Sushi could be in a symmetrical triangle or descending triangle on how you view the highs and lows. Jump up to a higher time frame and it becomes more clear.
To the downside watch the previous pivot highs around $1.35 for a retest on a pull back which also coincides with the 100EMA. You want this to hold if you dont want to see the bottom of the pattern.
To the upside watch for a daily close above $1.62 on break out to the upside.
If you zoom out to the weekly the Sushi chart looks like straight garbage. This is not a coin I would hold long term but would be happy to take a swing trade on with a small position.
Sushi had/has some momentum building as of late but its running into resistance but has stalled out.
Sushi could be in a symmetrical triangle or descending triangle on how you view the highs and lows. Jump up to a higher time frame and it becomes more clear.
To the downside watch the previous pivot highs around $1.35 for a retest on a pull back which also coincides with the 100EMA. You want this to hold if you dont want to see the bottom of the pattern.
To the upside watch for a daily close above $1.62 on break out to the upside.
If you zoom out to the weekly the Sushi chart looks like straight garbage. This is not a coin I would hold long term but would be happy to take a swing trade on with a small position.
Comment:
Close below 1.43, break this trend line or get the cross down of the 9EMA(black) and 20EMA (red) the trade will go active.
