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Technical analysis by DigiLex_LLC about Symbol SUSHI on 6/10/2024

https://sahmeto.com/message/3346891
DigiLex_LLC
DigiLex_LLC
Rank: 4050
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،Technical،DigiLex_LLC

Looking at this SUSHI/USDT weekly here and I believe the worst is yet to come, for this and some of the other alts as well.Sushi took out the SOS highs, and then fell right back below them. That's a textbook re-distribution, which tells me that we have to take out the lows, at the very least.On top of that, you have this measured move from the head and shoulders that lines up perfectly with the 1.618 down at $0.3777. This is another "low volume coin" on Binance, similar to WAVES, OMG, and XEM. I believe it could also see a similar breakdown. 30 Day Volume is under $5m, just like the 3 that were already de-listed. Even if Sushi doesn't get de-listed, it could still drop just as heavily in the coming days. If you are holding or trading Sushi, be careful!

Translated from: English
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Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$1
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