SUSHI/USDT - Bullish continuation before further correction
Sushi tested the diagonal support during the BTC drop and now it is in a bullish move and may re-test the local top at $1.7.
We also formed an inverted head and shoulder structure, which if broken above the neckline (in orange), Sushi will push higher. That is a good entry for a short time long.
However, watch BTC. Any move higher in alts can be reversed if BTC falls further.
If we arrive at $1.7 level we may correct again to form an ascending triangle, once we break above, higher targets become valid.
We also formed an inverted head and shoulder structure, which if broken above the neckline (in orange), Sushi will push higher. That is a good entry for a short time long.
However, watch BTC. Any move higher in alts can be reversed if BTC falls further.
If we arrive at $1.7 level we may correct again to form an ascending triangle, once we break above, higher targets become valid.
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