Sink or Swim for Sushi 🎣 🍣

18 de out. de 2022

Sushi/USDT 1D

Sushi had/has some momentum building as of late but its running into resistance but has stalled out.

Sushi could be in a symmetrical triangle or descending triangle on how you view the highs and lows. Jump up to a higher time frame and it becomes more clear.

To the downside watch the previous pivot highs around $1.35 for a retest on a pull back which also coincides with the 100EMA. You want this to hold if you dont want to see the bottom of the pattern.

To the upside watch for a daily close above $1.62 on break out to the upside.

If you zoom out to the weekly the Sushi chart looks like straight garbage. This is not a coin I would hold long term but would be happy to take a swing trade on with a small position.

20 de out. de 2022

Nota

Close below 1.43, break this trend line or get the cross down of the 9EMA(black) and 20EMA (red) the trade will go active.