SUSHI LTF 4h correction?
Seems like the bearish divergence on 4h chart is playing out.
The EMA 21 support did not hold.
Overall SUSHI did 100% with little to no correction so I think 30% corrective move is healthy with making HL and continuing with the uptrend.
If we do not make HL and make LL instead or lose $7.5-$8 support, there is a high chance we are gonna revisit the HTF range low (around $6) --> Check out my related idea on why was sushi currently pumping from the HTF pov.
The EMA 21 support did not hold.
Overall SUSHI did 100% with little to no correction so I think 30% corrective move is healthy with making HL and continuing with the uptrend.
If we do not make HL and make LL instead or lose $7.5-$8 support, there is a high chance we are gonna revisit the HTF range low (around $6) --> Check out my related idea on why was sushi currently pumping from the HTF pov.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.