---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
SUSHI/USDT: Mixed picture between 1,02 & 1,58
Context - The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - However for SUSHI the volume on CEX and DEX are decreasing within the bearish pressure on going and the outlook is mixed on current level - We are watching at 1,58 as Tactical resistance to re-integrate to provide a clear recovery signal - Watch 1,02 as key Tactical support
Market configuration
- Graphical Elements : Graphical Resistance = 1,58 & 2,35 Graphical Support = 1,02 & 0,70
- Mathematical Indicators: EMA ( Exp Moving averages) are resistance = Bearish RSI indicator (below) is now below 50% = Bearish
- Elliot & Harmonic Wave (Fibonacci): Fibonacci Target (C) B hasn't been reached = 0,70 Fibonacci resistance of the wave in progress = 1,58 Fibonacci support of the wave (ii) = 1,02 Fibonacci Bullish Target = 2,35 / 3,08
Conclusion
Neutral between 1,02 & 1,58 - Only a clear break of those level will provide a clear directional view
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CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.