SushiSwap: Your Altcoin ChoiceAnother great chart. In December 2024 SushiSwap hit its highest price since December 2020 on a bullish move. In general, December 2024 produced the highest level since April 2022. Really something, a multiple years long high.
How are you doing today my friend in the law?
I hope you are having a wonderful day and weekend.
This is another classic chart setup and price action dynamic that I am about to show and analyze. SUSHIUSDT produced a triple-bottom on a wide, long-term consolidation (sideways) channel.
It is interesting to notice that shy higher highs have been present since October 2022. The bottom portion is mixed. Last week produced the lowest price ever based on candle close. On candle wick, this week is a higher low vs early August 2024. This is pretty much irrelevant.
Seeing a lower low, higher low, perfect double-bottom, etc., wouldn't change the bigger picture.
There is a strong correction after a descent but minor bullish wave. This correction ends at support and once the low is in a new bullish impulse will develop. Now, the preceding years the action was not really strong because these are transition years. A transition from bearish to bullish.
This year, everything changes. Instead of a small "descent" bullish wave, we will have a major bullish cycle, that is what comes next. The price now is absolutely awesome, the best possible, true All-Time Low. Once we are in with great timing and pricing, a bull market becomes really fun. When you manage to catch the bottom, all that follows is to see how your capital/profits grow.
Enjoy your life! And thank you for your continued support.
This is a great Top Altcoin Choice.
Namaste.
