DU09

SUSHI / USDT - Sushi double top or a relief?

Short
BINANCE:SUSHIUSDT   SUSHI / TetherUS
SUSHI has touched the weekly resistance twice now and in both cases we corrected down. Question is now if this is a double top which may signal a deeper correction is due. For the double top to be confirmed the price has to break the local support at $1.9. If that falls, then we're in for a longer correction

The bullish case is to see price bounce again on support level and push beyond weekly resistance which will open the road for SUSHI to reach $3-4 levels.

Short term the bias is bearish until we either bounce of support or we break the diagonal resistance.

📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰

🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha

Likes and follows appreciated! 🚀
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.