Sushi (Bullish) broke out from down trend (possible 50% plus)

16 дек. 2021 г.

Hello, after the fed announcement, the crypto market was more stabilized and had a slight rebound. Fed announced double-down on tapering, which was expected by the market. The most fear was from possible interest rate hike, however, fed announced no interest rate hike for nowbut there gonna be 3 rounds starting next year. Both stock market and crypto reacted bullish to the news. Sushi retraced from 13.50 in november to now 5.95 cents. As you can see Sushi has broke out from the downtrend on daily chart. MACD has positive divergence and RSI is rising on daily chart as well. as long as BTC remains bullish, I highly believe sushi will be bullish as well. If sushi reaches the resistance level around 9 dollars, that would be around 50% gain. If momentum is strong enough, more potential gain could be possible. However, take into consideration, we just had the fed talk, there is still some possibility for fluctuation. Be mindful of the risk. Not a financial advice.