SushiBTC A classic Cup And Handle formation with breakout
HI Everyone,
Sushibtc was being an underperformer in the last 3 months as it was in consolidation.
Now, it has done Something very interesting and worth looking.
A Clear cup and handle formation completed with Breakout.
Daily Ichimoku Broken As well suggest a breakout.
A daily close above 4th feb 2021 pivot would add another confirmation.
Mfi indicator currently sitting at 75 and we expect it to reach 83-85 before a correction as it happened the last two times.
So a lot of positivity lies around this pair only need momentum and it will head towards 10000 sats target which would be a major milestone and time to take profits.
Best of luck
Take care
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Sushibtc was being an underperformer in the last 3 months as it was in consolidation.
Now, it has done Something very interesting and worth looking.
A Clear cup and handle formation completed with Breakout.
Daily Ichimoku Broken As well suggest a breakout.
A daily close above 4th feb 2021 pivot would add another confirmation.
Mfi indicator currently sitting at 75 and we expect it to reach 83-85 before a correction as it happened the last two times.
So a lot of positivity lies around this pair only need momentum and it will head towards 10000 sats target which would be a major milestone and time to take profits.
Best of luck
Take care
Please like and subscribe for more analysis
Note
It has done a perfect retest of the Channel/ handle CLosing abovie the channel and ichimoku cloud would be positive.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.