Redsnow

Redsnow

Just some thoughts. Slight retest above 23k when LFG to hell.

Redsnow

After its strong bearish movement, it looks like SUSHI found a support between $1.2-$1.4. In deep, we notice a possible bullish double bottom , containing long dojis, which could lead us to test upper resistances near $2 and above. On a more global view, it could also be a bull trap, if we consider that we have a neutral or continuation pattern with a descending...

Redsnow Updated 

It seems that the Unicorn likes to play with our feelings. 3 unsuccessful breakout attempts could lead us to test higher resistances now. Also, it seems that $3.9 is becoming a support (2 previous resistances). If the $4.1 upline isn't broke hard this time, I will SHORT UNI and buyback near $3.00. I am still LONG from a $4.4 entry.

Redsnow Updated 

Possible descending triangle on whole chart, or also a little cup and handle forming. In any case UNI seems to stabilize near 4.4/4.5. The volume is decreasing, the Bollinger bands are getting narrow, it seems that distribution period is over. If there's not another breakout upwards, we could go back below $4. This is just an idea (my first one btw), let's see...