4-Hour Heikin Ashi Analysis
Indicators: Bollinger Bands (BB 20, 2) at 0.862 (middle), 0.757 (lower), 0.651 (upper). DMI 14: +DI = 49.0274, -DI = 34.5475, ADX = 2.5239. CCI 20: 176.47.#BecomeCreator
Quick Breakdown:
1. Bollinger Bands: Price is above the middle band (0.862) and nearing the upper band (0.651), signaling a possible overbought condition. If it touches the upper band, expect a pullback or consolidation.
Learn more: BB
2. DMI: Buyers are in control (+DI > -DI), but with an ADX at just 2.5239, there's very little momentum backing the trend. For a solid trend, ADX needs to rise above 20.
Learn more: DMI
3. CCI: At 176.47, SUSHI is in the overbought zone, suggesting a potential correction soon if buying pressure eases.
Learn more: CCI
Bulls are leading, but the trend lacks strength. Always be cautious of a correction if CCI drops from its current high #DYOR.
