My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by...
On D1, the price found support at $ 0.5, after which new resistance was set at $ 1.7.
On H4, the price corrected after building an upward impulse upward and found support at the $ 1 level. In addition, the RSI reached the oversold level, after which the price recovered in a new upward impulse.
We recommend buying SUSHIUSDT in order to keep the position above $ 3.
On D1, the price has broken the downtrend line. The RSI is near the oversold level, signalling a weakening downtrend.
On H4, the price also broke through the downtrend line. The divergence has formed between the RSI and the price.
At the moment, the price has formed a local correction.
We recommend buying SUSHIUSDT in order to keep the position above $ 1.
SushiSwap/USDT (10-10) #SUSHI $SUSHI #SUSHIUSDT
After breaking the 0.8$ level, SUSHI has a very strong and important support zone is 0.75-0.8$ that you will not want to see it broken.
So at this moment, we will keep an eye on this 0.75-0.8$ zone and wait for a big pump (if happens) to the targets : 1.2 - 1.5 - 2 - 2.4$
Of course, those levels are...