marktiu

SUSHI FORMING RISING WEDGE

Short
marktiu Updated   
BINANCE:SUSHIUSDT.P   SUSHI / TetherUS PERPETUAL CONTRACT
We see SUSHI hitting diagonal resistance, which seems to be forming a rising wedge pattern.

Target would be the VAH of 1.526
Comment:
Hi Guys!

I just wanted to give an update on SUSHI.
looks like my last post was a stop-hunt.

But it is finding resistance at the top of the wedge.
Please manage your risk appropriately :)))

updated chart is shown:

Comment:
Just a little update on SUSHI's price action.

We see it make a small rally to the upside, having a failed retest on what seemed to be an ascending support line.

My bearish bias has not changed, as it is still forming a rising wedge pattern

Please see chart below

Comment:
SUSHI finds support on the VAH & bottom of wedge.

continuation to the upside? more likely.
But take heed of the the bearish pattern formation

Safe Trading Friends <333

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