SUSHI - 4h. Below $ 7 sellers will seize the initiative.
The active growth trend, which began on December 30, 2020, does not leave the SUSHI market. In a certain fixation of the price above the mark of $2.4 gave all investors + 230% at the moment.
On January 11 and 22, buyers showed a trend line that they are willing to keep to continue the growth trend. However, on January 24, the price of SUSHI failed to test the upper trend line of the growth channel and met with aggression from sellers. Buyers managed to test the mark of $10, but since then the initiative is in the sellers.
The critical point for the continuation of the growth trend is at $7. It was after the unsuccessful fixation of this mark in the period from 16 to 19 January that the correction in the SUSHI market began. In addition, the lower trend line of the growth channel passes near this mark.
If sellers manage to break this mark - the price will quickly drop to $6.23.
To continue the growth trend, in addition to keeping the $7 mark, buyers need to hold above $8.6. These marks must be taken into account for the distribution of the deposit (if you are interested in this coin).
________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
On January 11 and 22, buyers showed a trend line that they are willing to keep to continue the growth trend. However, on January 24, the price of SUSHI failed to test the upper trend line of the growth channel and met with aggression from sellers. Buyers managed to test the mark of $10, but since then the initiative is in the sellers.
The critical point for the continuation of the growth trend is at $7. It was after the unsuccessful fixation of this mark in the period from 16 to 19 January that the correction in the SUSHI market began. In addition, the lower trend line of the growth channel passes near this mark.
If sellers manage to break this mark - the price will quickly drop to $6.23.
To continue the growth trend, in addition to keeping the $7 mark, buyers need to hold above $8.6. These marks must be taken into account for the distribution of the deposit (if you are interested in this coin).
________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.