DU09

SUSHI / USDT - Sushi double top or a relief?

Corto
BINANCE:SUSHIUSDT   SUSHI / TetherUS
SUSHI has touched the weekly resistance twice now and in both cases we corrected down. Question is now if this is a double top which may signal a deeper correction is due. For the double top to be confirmed the price has to break the local support at $1.9. If that falls, then we're in for a longer correction

The bullish case is to see price bounce again on support level and push beyond weekly resistance which will open the road for SUSHI to reach $3-4 levels.

Short term the bias is bearish until we either bounce of support or we break the diagonal resistance.

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