SUSHI would be at good prices to buy and hold for mid and long-term. Indeed, prices revisited the ATL and bounced. Moreover, on 2W TF, a bullish divergence is about to be confirmed (in 9 days to this candle, in green expectedly).
The mid-term target would be the trendline resistance and the long-term one is the previous ATH.
Thank you in advance for any catalyst about SUSHI?
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People start buying SUSHI +22% since initial price It's a very long game to play, so be very patient.
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Although final target is still far ahead, SUSHI has been showing good initial moves
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I added some SUSHI at this level when BTC and cryptos were down 10-20% in a day (due to some news with Evergrande's bankruptcy ...)
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Updated chart's screenshot
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SUSHI seems to be awake. It's made almost 50% since a few days and does not want to stop.
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SUSHI made 125% in two weeks
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SUSHI made x3 (+200% more since entry). Prices are at breaking point of the long-term trendline.
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+250% since entry The Long-term trendline was broken. The first target to take profit would be $3.75
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Retest of the trendline. Rebounce is expected. My first take-profit is still $3.75
@LRintrade, hi, personnally i'll hold my SUSHI until the next bull run. If you want to trade it, some TP levels are mentionned in the original chart (blue lines).
@vkradio1981 I’m not sure to understand your comment. Would you please precise it?
phongzhou205
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do you thing now price is a spring on weekly wyckoff ?
evasivesteering
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@phongzhou205, No it's not a wyckoff-based analysis. As i mentionned in the post, SUSHI prices are just above its all time low and there is a bullish divergence (to be confirmed at next sunday's close, in 8 days)