#SUSHI /usdt 1-day chart update :

$SUSHI Falling Wedge Formation

The $SUSHI weekly timeframe chart is showing a #fallingwedge formation. This is a bullish chart pattern that is formed when prices consolidate between two converging trendlines. The falling wedge pattern is considered a reliable reversal pattern, and it often signals a trend change from downtrend to uptrend.

The sushi price has been consolidating within the falling wedge pattern since early June. The price has been slowly increasing within the wedge, and it is now approaching the upper trendline. If the price breaks above the upper trendline, it will likely confirm the reversal pattern and could lead to further gains.

The falling wedge pattern is a positive sign for sushi. It suggests that the bears are losing control of the market and that the bulls are starting to take over. If the price breaks above the upper trendline, it could open the door for a significant rally.

Keep an eye on SUSHI in the coming weeks. If the price breaks above the upper trendline, it could be a good opportunity to buy.

Here are some additional things to keep in mind:

The falling wedge pattern is just one of many technical analysis patterns. It is important to use other technical indicators and fundamental analysis to confirm the pattern and make trading decisions.

The cryptocurrency market is volatile and that prices can change rapidly. Therefore, it is important to do your own research before investing in any cryptocurrency.

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$SOL

#1inch /USDT weekly chart update :

The most common pattern being discussed on the 1inch/USDT chart is the #fallingwedge . A falling wedge is a bullish chart pattern characterized by converging trendlines, with the upper trendline sloping downward and the lower trendline sloping upward. This pattern typically indicates that a trend reversal is imminent, with the price breaking out of the wedge and moving higher.

Here are some of the key characteristics of a falling wedge:

The upper and lower trendlines converge.

The price action within the wedge is characterized by a series of lower highs and higher lows.

The breakout from the wedge typically occurs at the apex of the wedge.

The falling wedge pattern is a relatively reliable indicator of a trend reversal, and it can be used to identify potential buy opportunities. However, it is important to remember that no chart pattern is 100% accurate, and it is always advisable to do your own research before making any trading decisions.

Here are some of the other patterns that have been mentioned in connection with the 1inch/USDT chart:

Double bottom

Inverse head and shoulders

Adam and Eve

These patterns are all bullish in nature, and they suggest that the price of 1inch could be poised for a breakout. However, it is important to note that these patterns are not always reliable, and they should not be used as the sole basis for making trading decisions.

Ultimately, the best way to determine which pattern is being formed on the 1inch/USDT chart is to consult with a technical analyst. A technical analyst can help you to identify the different patterns and to assess their potential impact on the price of 1inch.

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$1INCH $BTC $SUSHI