Kopite Analysis Daily: 12th May 2021 — SUSHI/USDT
Welcome to the Kopite Analysis! Today we’ll be sharing an important pattern related to SUSHI.
At the beginning of the 2021 bull run, SUSHI quickly went up and soon formed a strong ascending channel. However, recent dumps have seen it fall below the lower boundary into 16- levels.
Today and at the time of writing, SUSHI trades at 17+ levels and is set to push back into the channel eventually. If it does go back into the channel, we may see it go all the way to the upper boundary, where SUSHI will set a new ATH.
Should the test of the lower boundary fail, SUSHI may head back to 15- areas.
That’s it for this post :) happy investing!
(NFA, The Above Is Not Intended To Be Financial Advice. Use Charts at Your Own Risk.
Welcome to the Kopite Analysis! Today we’ll be sharing an important pattern related to SUSHI.
At the beginning of the 2021 bull run, SUSHI quickly went up and soon formed a strong ascending channel. However, recent dumps have seen it fall below the lower boundary into 16- levels.
Today and at the time of writing, SUSHI trades at 17+ levels and is set to push back into the channel eventually. If it does go back into the channel, we may see it go all the way to the upper boundary, where SUSHI will set a new ATH.
Should the test of the lower boundary fail, SUSHI may head back to 15- areas.
That’s it for this post :) happy investing!
(NFA, The Above Is Not Intended To Be Financial Advice. Use Charts at Your Own Risk.