Given the strength of the active impulse waves 1 and the strength of the nearby support level 0.1800, Sushiswap cryptocurrency can be expected to rise to the next resistance level 0.225 – upper border of the active sideways price range.
- Sushiswap broke daily Triangle
- Likely to rise to resistance level 0.225
Sushiswap cryptocurrency recently broke the daily Triangle from the start of February. The breakout of this Triangle accelerated the active impulse waves 1 which started earlier from the support zone between the key support level 0.1800 (lower border of the narrow sideways price range inside which the price has been moving from February, as can be seen from the daily Sushiswap chart below) and the lower daily Bollinger Band. The price earlier reversed up from the broken trendline of the aforementioned Triangle – which is the continuation signal.
Given the strength of the active impulse waves 1 and the strength of the nearby support level 0.1800, Sushiswap cryptocurrency can be expected to rise to the next resistance level 0.225 – upper border of the active sideways price range.