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?
Yorum
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It seems that the current downtrend (1D) ends, at the correction phase (following Elliott waves analysis)
Yorum
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SUSHI is up +10% CMF is breaking the triangle (wait until weekly close to confirm). If successful, SUSHI will go up faster.
Yorum
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SUSHI is still at interesting area to accumulate. On 1W TF, volume indicator CMF retested the trendline and seems to bounce.