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DU09
Feb 1, 2021 7:04 PM

SUSHI/USD - Aiming for $14 then possible correction Long

SUSHI / TetherUSBinance

Description

SUSHI is quickly moving up towards $14 which I expect to give us some resistance and possible push us lower before the uptrend continues.

SUSHI and UNI have continued to grow without interruption for over two months now. When will this bull run end? As long as this ascending channel is not broken, we're good to go higher.

The indicators show we have a good chance to reach $14 before a cooldown can take place. Resistance and support on the chart. As long as this bullish momentum is maintained it is probably unlikely we will drop to $9 as bulls will aim to front buy SUSHI.

On larger timeframes like daily/weekly we appear to be overbought on RSI, but MACD shows no reason to be concern as the momentum is strong and we continue to tick higher on the MACD histogram.

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Comments
Afterbite
say thank you mark cuban
abel11
Thank you for the updates
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