SUSHI Technical Analysis: Buyers Showed Character

Quite with varying success for the SUSHI cryptocurrency the March ended and passed mid-April. The positive dynamics for SUSHI buyers, which started on 14 March, crashed into the liquidity range of $4.2. The attack on this range took place within the weekly candle of 28 March and took place at increased volumes. Buyers even managed to break this range for a while. However, the week closed within the liquidity range, which indicates the control of sellers of this mark. Confirmation of these words was the next weekly candle, thanks to which sellers lowered the SUSHI price by more than 20%. Sellers almost managed to absorb the two previous candles of buyers and test the important mark of $3.15. https://www.tradingview.com/x/wNBwqceA/ In the previous analysis, we wrote about these two important marks $3.15 and $4.2. Breaking one of these marks will mark the beginning of a new medium-term trend. However, at the moment the probability of continued growth and breakdown of $4.2 is higher. The fact is that buyers managed to slow down the downward trend and break the trend arc up. Of course, it is unrealistic to reverse the trend with one successful tactical operation. But, after breaking the trend arc, buyers were able to keep the mark of $3.15 and start a new local rebound. At the very least, this means that buyers’ attempts to continue the trend are incomplete. Therefore, in the event of a re-approach of the SUSHI price to $3.15, inve...