Sushi Usdt forecast
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price correction and reaching the Fibonacci lines, very precise are underway.
The upward movement of the price continues until the starting point of yesterday's downtrend.
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The price dropped to the lower border of the wedge. A double top is formed. RSI is clamped in a symmetrical triangle. Breaking the lower border of the triangle will be a signal of a downtrend
1. Chart is currently in the accumulation phase
2. Not able to break recent HL and also not able to create a new HH.
2. Bearish candles are in making
3. Tested support near 1.446 multiple times
If it breaks the support at 1.446, it will go down to 1.38 but if not, then will recover strongly to the resistance level of 1.668. I will suggest monitoring the chart a...
The price is testing the support at 1.240 area, where the price has the weekly support and the 0.786 Fibonacci level.
How to approach it?
IF the price is going to have a breakout from the 4h resistance and retest as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red...
SUSHIUSDT after a bullish trend retraced to 0.5 fib level. The price action has taken support from 0.5 fib level and pulled back. Now key level for bulls is to break the falling resistance.
We are expecting a bullish trend continuation after break above falling resistance. While bears will get strength below break of 0.5 fib level.
Trade your levels accordingly.
Defi coins are looking good short to mid term so I'm going to take a long on SUSHI if it successfully breaks $8. We can see that every time it broke out and retest $8, it went at least to $15.
We'll see how things turn out later. If this is just a bounce or if the Defi sector has bottomed out...
So playing here the range, mid range T1 at $15, range high is T2...
As we can see in the chart, it is advancing on its trend line, and if it supports this range and crosses the $1.6 level, it can continue a good rally until the resistance zone, otherwise it will fall after breaking this trend line. We will have up to support areas.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
The following content is machine translation:
On the daily chart, the rebound in mid-June was blocked at 1.3 and fell back. In early July, it rebounded again and was blocked at 1.3. After two days of correction, it broke through 1.3, rose and fell, and fell back to 1.3 to be supported. The previous resistance became support and bullish, and 1.3 was long and...
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(SUSHIUSDT 1W Chart)
Whether it can move higher than 2.793 is the key.
Failure to move above 1.578 is expected to lead to further declines.
(1D chart)
The key is whether it can rise above the...
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SUSHI / USDT
The altcoins market has pumped thanks to ETH as expected in previous idea
Today we watching some of interesting altcoins ,
SUSHI is an example
We watching a confluence between horizon resistance and trend resistance
Once Breakout is confirmed strong bullish will be followed , so keep your eye on it !
Best of wishes
