SUSHI has an incredibly bullish chart! It is quite amazing!
We can see that SUSHI has been in a uptrend since November, 2020.
On this chart, I have mapped out some very strong daily support/resistance levels.
Moving forward, if SUSHI can hold $6.00, then the next target to the upside is $8.00.
If SUSHI can hold $8.00, then the next target to the upside is $9.25.
If SUSHI loses support at $6.00, then the next area of support to the downside is $4.75, then $3.25.
Fibonacci extensions shows future targets at:
$9.00 $14.00 $20.00 $23.25 $25.00
--- Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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--- Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.