It Will Be Historical Move Of SushiSwap (SUSHI)Hi friends, hope you are well and welcome to the new update on SushiSwap (SUSHI).
broke out with bullish divergence:
On a daily time frame, the priceline of Sushi has broken out down channel with bullish divergence.
Big bullish Gartley:
On a weekly time frame, SUSHI has formed a bullish Gartley pattern.
In order to trade this pattern the targets can be as below:
Buy between: $8.04 to $5.96
Sell between: $11.16 to $14.45
Stop loss:
Stop loss can be set below the maximum extent of buying zone which is $5.96
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 142% and a loss possibility is 26%.
Big falling wedge:
On the same weekly time frame the priceline is also rising from the support of a big falling wedge pattern. The big bullish reversal Gartley move can become a big coz of breaking out this falling wedge and in case of breakout, wedge Sushi can start a massive rally for the long term.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade.
