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SUSHI / TetherUS
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Diupdate

SUSHI at interesting prices

1129

SUSHI has been consolidating for 10 months, quite a long period for a crypto.

It seems that this is an accumulation process following Wyckoff method.

CMF values are also in a triangle. Break-out would accelerate prices to upper side.

In my opinion, we can DCA here to around $0.95 and hold for few weeks (or months if needed), waiting to sell at the upper ranges (around $2) with interesting R:R=5:1.

  • Invalidation: Weekly close below the longterm trenline (low-range continuous black line)
  • Stoploss: below $0.856


What do you think about SUSHI and about this analysis?

Catatan
It seems that the current downtrend (1D) ends, at the correction phase (following Elliott waves analysis)
cuplikan
Catatan
SUSHI is up +10%
CMF is breaking the triangle (wait until weekly close to confirm). If successful, SUSHI will go up faster.
cuplikan
Catatan
SUSHI is still at interesting area to accumulate. On 1W TF, volume indicator CMF retested the trendline and seems to bounce.

cuplikan
Catatan
Trendline supports hold well
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Trading ditutup secara manual
SUSHI broken the 1W trendline
evasivesteering
Juga di:
Supply and DemandSupport and Resistance

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Supply and DemandSupport and Resistance
evasivesteering
Juga di:

Publikasi terkait

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.