SUSHIUSDT - promising DEFI project!Good afternoon everyone! Let's analyze the price movement of a coin from the DEFI project. There is not a lot of history, so the analytics is carried out on a 1 hour timeframe.
We saw a sharp downward movement with a breakdown of the lower border of the downward channel. After that, the situation in the project itself improved and the price began its upward movement or rebound. The corrective movement after the first upward impulse approached 0.618 by Fiboacci, which is most likely the second wave in the formation of a new five-wave growth structure. Corrective movement with a set of positions in the ABCDE structure has been going on for 8 days. And in the near future, a breakdown of the upper trend line is expected with a continuation of the upward movement to the levels marked on the chart. Wave 3 levels are marked on the chart with a dotted line.
Happy trades and profit to everyone! Trade with pleasure
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Disclaimer:
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
