SUSHI - 4h. The growth potential ends in the range of $19-20
Updated
It took SUSHI buyers 8 days reached the target of our previous idea:
A new wave of growth began after the test of the lower trend line of the SUSHI channel.
Low volumes during the attempt to break the trend line of buyers gave rise to a new wave of growth. From January 27, the price of SUSHI increased by 89%.
Now buyers are trying to gain a keep above the black trend line, which has slowed growth in the SUSHI market since January 25.
Consolidated above this mark and the range of $12.15-12.83 - buyers will continue to grow to $19-20. The strong trend on the SUSHI market, supported by high trading volumes, may continue without correction.
An alternative scenario is to lose the range of $12.15-12.83. In this case, buyers will show weakness and we will expect a test of $9-9.8. In this range, it will become clear whether there are any buyers left in the market to push the price up.
_____________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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A new wave of growth began after the test of the lower trend line of the SUSHI channel.
Low volumes during the attempt to break the trend line of buyers gave rise to a new wave of growth. From January 27, the price of SUSHI increased by 89%.
Now buyers are trying to gain a keep above the black trend line, which has slowed growth in the SUSHI market since January 25.
Consolidated above this mark and the range of $12.15-12.83 - buyers will continue to grow to $19-20. The strong trend on the SUSHI market, supported by high trading volumes, may continue without correction.
An alternative scenario is to lose the range of $12.15-12.83. In this case, buyers will show weakness and we will expect a test of $9-9.8. In this range, it will become clear whether there are any buyers left in the market to push the price up.
_____________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
Trade closed: target reached
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