Given the clear daily downtrend and the moderately bearish sentiment across the crypto markets today, Sushiswap can be expected to fall to the next support level 0.1800.
- Sushiswap reversed from resistance zone
- Likely to fall to support level 0.1800
Sushiswap cryptocurrency recently reversed down from the resistance zone between the multi-month resistance level 0.215 (which has been reversing the price from the start of June, as can be seen from the daily Sushiswap chart below), upper daily Bollinger Band, resistance trendline of the daily up channel from June and the 61.8% Fibonacci correction of the downward impulse i from May. The downward reversal from this resistance zone started the active minor impulse wave iii – that belongs to the intermediate impulse wave 3 from the start of May.
Given the clear daily downtrend and the moderately bearish sentiment across the crypto markets today, Sushiswap cryptocurrency can be expected to fall to the next support level 0.1800.
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.