SUSHI has done a fantastic run, however there are a few signs of concerns.
Particularly the yellow channel indicates that the bullish momentum is fading and at best we may get another impulse for leg 5, which may be atypical considering we seem to approach a local top for price (the distance between tops and bottoms is decreasing, signaling the momentum is fading).
We need to break the yellow channel before we can be confident on the next steps, for now expect the price to range between local top at 3.1 and support at 1.9.
SUSHI may need a longer consolidation before it can push higher with conviction.
Particularly the yellow channel indicates that the bullish momentum is fading and at best we may get another impulse for leg 5, which may be atypical considering we seem to approach a local top for price (the distance between tops and bottoms is decreasing, signaling the momentum is fading).
We need to break the yellow channel before we can be confident on the next steps, for now expect the price to range between local top at 3.1 and support at 1.9.
SUSHI may need a longer consolidation before it can push higher with conviction.
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