It appears we will see a decent retracement on assets priced in USD given the current outlook of the dollar futures. Given the price action and technical outlook on this specific chart, my eyes gravitate to the equal lows denoted by the blue line. This would be an ideal level for market makers to dip into and I would be comfortable adding in spot positions at this level.
It is also worth mentioning I am a supporter of the Sushiswap project and am aware of the developments being made which would expand the platform beyond its current limitations as an AMM and stigma as a Uniswap fork. And given the infancy of this particular space within cryptocurrencies in general which is just emerging to the public and institutional eye, I am confident that any spot position added here would be well rewarded by the end of the year. :)
It is also worth mentioning I am a supporter of the Sushiswap project and am aware of the developments being made which would expand the platform beyond its current limitations as an AMM and stigma as a Uniswap fork. And given the infancy of this particular space within cryptocurrencies in general which is just emerging to the public and institutional eye, I am confident that any spot position added here would be well rewarded by the end of the year. :)
Commentaire:
Just went shopping for some yummy sushi. Will update with a new chart.