SUSHI did an excellent 55% run up after breaking the H&S neckline. If you bought the neckline breakout or re-test as indicated before you should have banked a very nice profit! Well done.
Now SUSHI reached a weekly resistance at $2.3 and we may range here a bit before re-fueling for a new up-trend with a target around $3.2. Therefore, it is now best to wait until SUSHI develops a new momentum to push pass the weekly resistance.
Tentative longs can be taken at Fib 23% or when re-testing the diagonal support. Should those not hold, then SUSHI may correct further down, however that is unlikely considering that recently SUSHI and YFI announced a merger of their liquidity and further integration.
This is very bullish for SUSHI and YFI, therefore watch these two coins. They can offer excellent long opportunities.
Now SUSHI reached a weekly resistance at $2.3 and we may range here a bit before re-fueling for a new up-trend with a target around $3.2. Therefore, it is now best to wait until SUSHI develops a new momentum to push pass the weekly resistance.
Tentative longs can be taken at Fib 23% or when re-testing the diagonal support. Should those not hold, then SUSHI may correct further down, however that is unlikely considering that recently SUSHI and YFI announced a merger of their liquidity and further integration.
This is very bullish for SUSHI and YFI, therefore watch these two coins. They can offer excellent long opportunities.
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