SUSHI/USD-Hi everyone, today I’ll show you SushiSwap versus USDIn the monthly chart we can’t see much and there isn’t enough candlestick to draw our ichimoku lines. We can only say that the price seems to want to reach the maximum at “6.8200”.
In the weekly chart the things start to get interesting. Unfortunately also here we can’t consult our Ichimoku, but we see an important thing: a very frequently bull pattern. This is a good news, because the bull run seems to be very big. Infact when the price will invalidated the maximum, we will know for sure that the market will be ready to fly.
Note: You can find this pattern in many charts, for exmple: eth/usd, btc/usd, nasdaq.
Finally in the daily we get our Ichimoku lines, and now we can do a full Ichimoku analysis. First of all this is a beautiful up-trend, infact all ichimoku lines are projected upwards and this is a good sign for the bulls. We can see that from the absolute minimum of the curve we got a nice bull trend, with nice waves, all with Kijun-Sen o Tenkan-Sen retest (blue and red lines). What we can see here?
We see that in the past the waves respected ciclic days of our Ichimoku.
I remind the readers, they are: 9, 13, 17, 26, 33…
What does it mean? This means that the market recognizes these days, so we can expect a retrace around this and once this happened that will be the perfect moment to buy.
Now we are in a big impulse. Actually the price is on the eighteenth, remind that seventeenth is day ciclical, so we can expect a retrace in the next days at least of few days.
Maybe the price will be attracted from Kijun or maybe not, but the most important thing is not to be taken from the FOMO and wait for the right moment to buy.
