SUSHI; Impending Reversal Incoming!
Hello Traders! CTDave here again with another daily price analysis chart.
Today I will be analyzing SUSHI.
As you can see from the two charts, SUSHI is forming a downward bullish breakout triangle. Now, the support line lies at around ~$0.50. Also, the RSI is diverging and it shows lower tops which means an impending reversal, and since the RSI going down, the reversal is going to happen in the upwards direction. So in my opinion, SUSHI is going to get down to the support line before making a new ATH soon. Thanks for reading!
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
Today I will be analyzing SUSHI.
As you can see from the two charts, SUSHI is forming a downward bullish breakout triangle. Now, the support line lies at around ~$0.50. Also, the RSI is diverging and it shows lower tops which means an impending reversal, and since the RSI going down, the reversal is going to happen in the upwards direction. So in my opinion, SUSHI is going to get down to the support line before making a new ATH soon. Thanks for reading!
As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you!
Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
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