SUSHI / TetherUSUpdated Sushiusdt approaches important support zone
SUSHI has completed a five-wave downward movement and appears to be starting a potential extended upside correction, possibly forming a WXY pattern. The external demand zone is a crucial support level that must hold for this projection to materialize. The chart showcase the projected moving patterns.
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The external demand zone has performed exceptionally well. Since the last test, the price has seen solid growth. However, it’s now approaching a key resistance level that's limiting bullish momentum. I anticipate a breakout soon. The projected path is highlighted on the chart.
Note
We are expecting wave 4 move before final wave 5 leg
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.