Hello traders ๐บ .
in today idea , I want to talk about SUSHI chart and have quick look at the future perspective of the SUSHI price and see what gonna happen for the SUSHI , so make sure that reading this idea until to the end ๐ :
As you can see in the chart above , we have a very big falling wedge pattern which is a bullish pattern and the target of this pattern is the top of the wedge , in this case target is near to the all time high price .
Also I found some interesting fact in the chart so I decided to share them with you :
First of all let's start with the RSI :
In the chart above we can see that the RSI is also is in the same pattern just like a price and the interesting fact is that , RSI had never been as low as the current level around the oversold territory which could indicate that SUSHI found the bottom , and it's time to break above .
the second one is MACD :
In the MACD we have 2 important sign :
(A) _ MACD line is crossing above the signal line which usually consider as a buy signal
(B) _ we have a very clear bullish divergence between the MACD and the price
This two sign together could showing us a very strong buy signal
third one is stochastic :
about the stochastic we can see that a buy signal and more importantly if you look back into the history of the price , every time that stochastic was around the current level and flashed a buy signal we saw a nice bullish impulse in the price .
I hope you enjoyed this idea , Also if you are interested in my ideas make sure to follow me and share my ideas among your friends ; thank you for reading my idea ๐๐บ .
in today idea , I want to talk about SUSHI chart and have quick look at the future perspective of the SUSHI price and see what gonna happen for the SUSHI , so make sure that reading this idea until to the end ๐ :
As you can see in the chart above , we have a very big falling wedge pattern which is a bullish pattern and the target of this pattern is the top of the wedge , in this case target is near to the all time high price .
Also I found some interesting fact in the chart so I decided to share them with you :
First of all let's start with the RSI :
In the chart above we can see that the RSI is also is in the same pattern just like a price and the interesting fact is that , RSI had never been as low as the current level around the oversold territory which could indicate that SUSHI found the bottom , and it's time to break above .
the second one is MACD :
In the MACD we have 2 important sign :
(A) _ MACD line is crossing above the signal line which usually consider as a buy signal
(B) _ we have a very clear bullish divergence between the MACD and the price
This two sign together could showing us a very strong buy signal
third one is stochastic :
about the stochastic we can see that a buy signal and more importantly if you look back into the history of the price , every time that stochastic was around the current level and flashed a buy signal we saw a nice bullish impulse in the price .
I hope you enjoyed this idea , Also if you are interested in my ideas make sure to follow me and share my ideas among your friends ; thank you for reading my idea ๐๐บ .