SUSHI at interesting prices

SUSHI has been consolidating for 10 months, quite a long period for a crypto.

It seems that this is an accumulation process following Wyckoff method.

CMF values are also in a triangle. Break-out would accelerate prices to upper side.

In my opinion, we can DCA here to around $0.95 and hold for few weeks (or months if needed), waiting to sell at the upper ranges (around $2) with interesting R:R=5:1.

• Invalidation: Weekly close below the longterm trenline (low-range continuous black line)
  
• Stoploss: below $0.856
  

What do you think about SUSHI and about this analysis?

تعليق:

It seems that the current downtrend (1D) ends, at the correction phase (following Elliott waves analysis)

تعليق:

SUSHI is up +10%
CMF is breaking the triangle (wait until weekly close to confirm). If successful, SUSHI will go up faster.

تعليق:

SUSHI is still at interesting area to accumulate. On 1W TF, volume indicator CMF retested the trendline and seems to bounce.

تعليق:

Trendline supports hold well

تم إغلاق الصفقة يدويًا:

SUSHI broken the 1W trendline