Sushiswap cryptocurrency can be expected to rise to the next resistance level 0.2200 (former resistance from march and April).
- Sushiswap reversed from round support level 0.2000
- Likely to rise to resistance level 0.2200
Sushiswap cryptocurrency recently reversed up sharply from the support zone lying at the intersection of the round support level 0.2000 (which has been reversing the price from the middle of April, as can be seen from the dilly Sushiswap chart below), lower daily Bollinger Band and the lower trendline of the support up channel from the start of February. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer, which stopped the earlier minor impulse wave iii – which belongs to the intermediate impulse wave 3 from January.
Given the widespread bullish sentiment can be seen across the crypto markets today, Sushiswap cryptocurrency can be expected to rise to the next resistance level 0.2200 (former resistance from march and April).
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