SUSHI at interesting prices

3 เม.ย. 2023

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?

3 เม.ย. 2023

บันทึก

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

13 เม.ย. 2023

บันทึก

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

28 เม.ย. 2023

บันทึก

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

3 พ.ค. 2023

บันทึก

Trendline supports hold well

14 พ.ค. 2023

ปิดการเทรด ด้วยตนเอง

SUSHI broken the 1W trendline