Given the strength of the resistance level 0.280 and the moderately bearish sentiment seen across the crypto markets today, Sushiswap cryptocurrency can be expected to correct down to the next support level 0.236.
- Sushiswap reversed from resistance zone
- Likely to fall to support level 0.236
Sushiswap cryptocurrency today reversed down sharply from the resistance zone between the key resistance level 0.280 (which stopped the previous sharp upward impulse wave (C) at the start of September, as can be seen from the Sushiswap chart below) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the earlier intermediate impulse wave C from the end of July. The price is likely to form the daily Japanese candlesticks reversal pattern Bearish Engulfing – if the price closes today near the current levels.
Given the strength of the resistance level 0.280 , overbought daily Stochastic and the moderately bearish sentiment seen across the crypto markets today, Sushiswap cryptocurrency can be expected to correct down to the next support level 0.236.
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