Understanding whats going on SUSHI right now!I have been watching sushi usd recently while it was in a down trend and in a sideways. I was waiting for a signal or a pattern to show upp and look that if we are in a upptrend. and right now i can confirm that we are in a upptrend right now becus of the higher highs and higher lows.
- How do you identify a downtrend?
Another way to think of a downtrend is that it's a sequence of lower highs and lower lows. Moving from left to right on the chart,the impulse waves each reach a lower price than the last impulse, and the highs of each correction also move down.
- How do you know if trend is sideways?
A sideways market is when prices of investments remain within a tight range for any period. They don't make higher highs or a breakout above the previous highest price. If they did, that would indicate a bull market. They don't make lower lows or drop below the previous level of support.
How do you know if trend is in a upptrend?
In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher swing highs, the uptrend is considered intact
SHORT SUMMARY :
Downtrend : You can spot the downtrend by looking if the chars is making lower lows and lower highs. If it does lower lows, and lower high then you should know the market is in a down trend.
Sideways: the charts dosent make lower lows, lower highs, higher highs or higher lows. It remains in tight range for a moment.
Upptrend: You can idetify the upptrend by looking if the charts are making higher highs and higher lows.
