SUSHI - A potential move down to $0.7
Hi,
This is iJustCoin, the one lucky trader who puts his money where his mouth is!
Sooo, if money is evil, this is going to be a hell of a weekend!
Look as SUSHI price action at the 3h! Price fromed a pennat on SUSHI.The pennat has been broken downside. I caught a short in the Red Rectangle area and sold at $1.302.
I am expecting the price action to test the previous support trend line of the pennant as a resistance and reverse down after that.
Using Trend Based Fib Extension i expect the price action to touch 0.5 and 0.618 fib levels which are $0.701 and $0.832 price levels.
They are pointed at the chart as a Green Rectangle.
I expect that to happen between November 22 and November 24.
Let's make some money to get our dreams come true!
======
Click like and make sure you are following me on TradingView!
Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
Good Luck, Bye-bye!
And remember this market doesn't respect doubters!
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Chart Code:
Pastel Green Vertical Line - Long Signal (PAI Reader Strategy)
Pastel Red Vertical Line - Short Signal (PAI Reader Strategy)
Red Dashed Lines - Downward Reversal Momentum
Green Dashed Lines - Upward Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Red Line - Stop Loss
Bold Aqua Dotted Line - Estimate Price Direction
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
Orange Dotted Line - Profit taking Point
***
This is iJustCoin, the one lucky trader who puts his money where his mouth is!
Sooo, if money is evil, this is going to be a hell of a weekend!
Look as SUSHI price action at the 3h! Price fromed a pennat on SUSHI.The pennat has been broken downside. I caught a short in the Red Rectangle area and sold at $1.302.
I am expecting the price action to test the previous support trend line of the pennant as a resistance and reverse down after that.
Using Trend Based Fib Extension i expect the price action to touch 0.5 and 0.618 fib levels which are $0.701 and $0.832 price levels.
They are pointed at the chart as a Green Rectangle.
I expect that to happen between November 22 and November 24.
Let's make some money to get our dreams come true!
======
Click like and make sure you are following me on TradingView!
Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
Good Luck, Bye-bye!
And remember this market doesn't respect doubters!
======
***
Chart Code:
Pastel Green Vertical Line - Long Signal (PAI Reader Strategy)
Pastel Red Vertical Line - Short Signal (PAI Reader Strategy)
Red Dashed Lines - Downward Reversal Momentum
Green Dashed Lines - Upward Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Red Line - Stop Loss
Bold Aqua Dotted Line - Estimate Price Direction
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
Orange Dotted Line - Profit taking Point
***
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