SUSHI/USDT - BTC
Hello everyone, I want to share with you, friends, my vision of the situation on the SUSHI cryptocurrency asset, both paired with USDT and BTC.
Since the end of January 2021, a descending wedge has been formed, the asset price is accordingly clamped to the lower point of this pattern.
At the moment, there has been another test of the lower boundary of this formation, an excellent zone for purchases with a local goal of up to +69% from the current values.
After reaching the upper limit of this pattern, as well as reaching the SUSHI price of 7.389, I would wait with further holding of the long position and only at the breakdown and consolidation above the upper limit of this figure I counted on further growth, there is a possibility of a drop in the price of the coin in the lowest part of the wedge with a goal of 2.2-3.073$.
I think this is an ideal option for buying this asset , and I am sure that this will be followed by pumping the price to at least $ 12.3
Also consider the chart to BTC
A classic double bottom is formed, after working out the wedge, the local formation of the descending wedge is also taken into account when drawing the right shoulder (inverted head and shoulders).
In addition, a certain trend is being carried out both from the lower part of the November 2020 loy and from the September 2020 peak, which intersects with the upper limit of implementation (May 2021 growth).
According to this pattern, traders can expect an increase in the SUSHI price in the 0.0003178-0.0003550 zone
If you liked this idea, please like it, thank you :)
Since the end of January 2021, a descending wedge has been formed, the asset price is accordingly clamped to the lower point of this pattern.
At the moment, there has been another test of the lower boundary of this formation, an excellent zone for purchases with a local goal of up to +69% from the current values.
After reaching the upper limit of this pattern, as well as reaching the SUSHI price of 7.389, I would wait with further holding of the long position and only at the breakdown and consolidation above the upper limit of this figure I counted on further growth, there is a possibility of a drop in the price of the coin in the lowest part of the wedge with a goal of 2.2-3.073$.
I think this is an ideal option for buying this asset , and I am sure that this will be followed by pumping the price to at least $ 12.3
Also consider the chart to BTC
A classic double bottom is formed, after working out the wedge, the local formation of the descending wedge is also taken into account when drawing the right shoulder (inverted head and shoulders).
In addition, a certain trend is being carried out both from the lower part of the November 2020 loy and from the September 2020 peak, which intersects with the upper limit of implementation (May 2021 growth).
According to this pattern, traders can expect an increase in the SUSHI price in the 0.0003178-0.0003550 zone
If you liked this idea, please like it, thank you :)
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