It has been a long time since were published. And during this time, a lot of interesting things happened on the Sushiusdt chart.
Probably the most memorable squeeze for $1. Then the lovers to trade with a margin leverage and even without using stops were very painfully shaved. And those who organized this flow bought very cheaply. Since then, the price has been growing steadily and without stopping, having already made almost x6.
Now, the price reaches the strong level of $5.90-6.00 and doubts begin to creep whether buyers will be able to move up. Fixing the price above $6 will give an opportunity to grow to $7.50. But if we take into account the fact that all the growth happens on falling volumes, the thought running through my head that a fall into the zone of $2.75-3 is more likely. Although, one manipulator knows how much he still has strength to push the price up without volumes. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
seems like so far it's churning 5-10% gains every day. strong bull market.
P_S_trade
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@ProjectSyndicate, the market usually changes the trend very unexpectedly
CobraVanguard
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great analysis my friend . thanks
P_S_trade
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@T_V_TreeTrader, thanks you too
ARAZD
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any update?
rafiirfan
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i did read sushiswap's roadmap Q1 2021. the fundamental factor might beat the TA logic. 🤷♂️
CryptoKenny01
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looking at the 4r chart there's a rising wedge which would agree with the short to around 4.0 then fall below it if it breaks the falling wedge downwards
CryptoKenny01
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nice charts there, it's been growing continuously and needs a good correction