SUSHI, will the support line survive another test? SUSHI is in a large trading range between the $3.93 and $4.83 levels. The entire cryptocurrency market corrected yesterday. In doing so, SUSHI tested its lower boundary, which currently acts as support. In addition, it should be noted that there was not much volume during the fall. The high volume at the bottom signals an accumulation of positions on the part of buyers.
While the price is in the trading range, special attention should be paid to the lower boundary of the range. The strategy for the range is a breakout or false breakout of the boundaries. A squeeze and breakout of the lower boundary will be a good opportunity to sell. In case of a false breakout, it is worth opening positions in the opposite direction.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
SUSHIBTC
Is SUSHI going to break this resistance?SUSHI is in a large trading range. A key level that lies within this range can be identified.
The key level is now acting as resistance. But in case of a squeeze near the key level, a breakout could occur.
A breakout could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
SUSHI/USDT - BTCHello everyone, I want to share with you, friends, my vision of the situation on the SUSHI cryptocurrency asset, both paired with USDT and BTC.
Since the end of January 2021, a descending wedge has been formed, the asset price is accordingly clamped to the lower point of this pattern.
At the moment, there has been another test of the lower boundary of this formation, an excellent zone for purchases with a local goal of up to +69% from the current values.
After reaching the upper limit of this pattern, as well as reaching the SUSHI price of 7.389, I would wait with further holding of the long position and only at the breakdown and consolidation above the upper limit of this figure I counted on further growth, there is a possibility of a drop in the price of the coin in the lowest part of the wedge with a goal of 2.2-3.073$.
I think this is an ideal option for buying this asset , and I am sure that this will be followed by pumping the price to at least $ 12.3
Also consider the chart to BTC
A classic double bottom is formed, after working out the wedge, the local formation of the descending wedge is also taken into account when drawing the right shoulder (inverted head and shoulders).
In addition, a certain trend is being carried out both from the lower part of the November 2020 loy and from the September 2020 peak, which intersects with the upper limit of implementation (May 2021 growth).
According to this pattern, traders can expect an increase in the SUSHI price in the 0.0003178-0.0003550 zone
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SUSHIUSDT, Supported upper resistance zone :DHello everybody
Sushi is one of the token of exchange that is working on DeFi ...
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According to the chart and previous analysis, market exactly supported in support zone area and rised up and give everyone some profit.But now the price after broke the resistance zone its pullbacked to it and now we expect the price that is going up toward the trendline resistance zone.
If you look at carefully you can see the price made 2 bottom but we need acceptance of it.
Dont forget use stop loss and attention to money management when you take in position
Good Luck
Abtin
Previous analysis :
SUSHIhello everyone...
There's a breakdown attempt on current daily candle which is making us this opportunity to take SHORT on the movement after breaking below the dynamic support zone .
There's a formed descending channel on daily time-frame for on #SUSHI's chart.
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Considering the movements of Bitcoin and its whales ... I think there is a possibility of ascent
Targets are mentioned on chart !
SUSHI/BTC TRADE SETUP! BULL FLAG BREAKOUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this SUSHI/BTC trade setup. SUSHI looks very bullish here.
It's already breaks out from the bull flag like structure in 8h timeframe and also retest is done. After the retest it's making a green cadle which is the confirmation of the trend. So buy some now and add more in dips.
Entry range:- 1580- 1680 sats
Target1:- 1890 sats
Target2:- 2280 sats
Target3:- 2840 sats
Target4:- 3290 sats
SL:- 1420 sats
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SUSHI/USD this chart its so simple I'm not typing anything for it just leaving ............................................................................................................................................................................................................................................................................................
Sushi Can Recover After Long-Term CorrectionSUSHIBTC peaked in May 2021.
Here we are looking at Sushi's long-term chart since August 2020 on the weekly timeframe.
We can see that after May's price peak we had a long-term correction.
After hitting a low in late November, right below the 0.786 Fib. retracement level, we have some green candles.
Today SUSHIBTC is back above the 0.786 Fib. retracement support and also challenging the most important EMA10 level.
If SUSHIBTC can break and stay above 15,000 satoshis (0.00015000), we can expect additional growth.
The support we set it at the last low at 0.00010000.
Remember to build your own plan before you trade.
Good luck.
This is not financial advice.
Namaste.
💡SUSHIUSDT ANALYSIS 💡Hello Friends
When we look at the chart in the daily, there is a shark bull formation formation.
It is very risky to enter the trade before the voluminous momentum comes. Risk money management is very important in such transactions.
There are technical levels on the chart.
TP1:9.8
TP2:11.73
TP3:15
Trading entry level: 6.46 (at the closing of the daily candle)
Stop loss: 4.86 (based on my own money management)
IT IS NOT INVESTMENT ADVICE. IF YOU
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📗📗EDUCATIONAL PURPOSES📗📗
Bull Shark Pattern ( Bullish Shark Pattern)
EU foot, OX foot on the 113% - from 161.8%
prolong BC feet, OXI foot of extending to beyond the far 113'ü% OX foot
BCR foot of the AX 161.8% - is an extension 224'lük%
OTHER harmonic models on the contrary, transactions are entered as follows: Destinations can be 61.8% of BC with
incoming stops at 88.6% of entry OX and point C
SUSHIUSDT , The price it can go to touch PRZ levelHello guys
According to the analysis, the price is in one the good support zone and if the price is not supported in here, the price can drop more and in one of the PRZ level that we shown the correction it can finish and the movement that we draw can be happen from each of that PRZ level
Previous analysis :
Good Luck
Abtin
Sushi 10x from here?I based my Fibonacci levels on the highest wick before we entered a bearish wedge and the lowest weekly close. Sushi was strongly supported previously at the .382 level around $6 and recently wicked all the way down to the .236 level at nearly $4, which I would suspect was a really great buy. As of writing, the market cap/total value locked ratio is .126 which shows that its extremely undervalued. In comparison, Uniswap’s ratio is 1.09. Anything under 1 is generally undervalued. Uniswap has a little under $10 billion locked in while it’s younger brother Sushiswap has a little under $6 billion locked in, however their market cap sits under $750 million right now which is only 7% of the market cap of Uni.
Plus, this looks like a bull flag and sushi will be dropping an NFT platform which gives it links to the metaverse and other possible good news. And since it’s a fairly new coin, we are likely to enter a third wave if we break out of this bull flag, which is generally the biggest.
The whales are eating up all the sushi at low prices. I think we’ll see resistance at $16 if we bounce but my target sells are $42, $58, $67. DYOR but if btc goes over $100k this bull run we should see new all time highs for Sushi.
SUSHI - time to buy?SUSHI has broken the trend line and is now in a trading range between the levels of $8.2 and $7.2.
In the event of a breakout of the upper accumulation or a retest as support, there could be a good buying opportunity.
It should be noted that bitcoin and the whole market is in a tense state right now, so strictly follow your risk management!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
SUSHIUSDT , Our 1st tp reach are u ready for 2nd ???Hello everybody
Everything is shown , dont need any explain
According to our last analysis exactly our buy zone activated and the price reach to the first target and now the other target is shown on chart that is on way of the price
Previous analysis :
Good Luck
Abtin
SUSHIUSDT , Finally downward trend was breakHello everybody
SUSHI is working on DeFi base and it has good news to publish , and can rise the price
According to the chart you see the price was moving in downward trend in long-time and its tired the holders and traders , and now with this powerful candle the downward trend was broken and change to upward trend and we need the price to have some correction of this movement then we can entrance in position , we shown on chart 2 buy zone i if the price drop can activate these zones but with this momentum of movement have chance to not activate these zone , if this theory happen we update new buy zone and target .
Dont entrance in any position with your sense or emotional condtion , take signal with our own strategy then entrance
If you have any question just ask us
Good Luck
Abtin
Is is SUSHI about 5x?I believe we could be seeing a pretty significant bounce for SUSHI over the next couple of weeks heading towards the end of the year.
The SUSHI/BTC pair seems to be in a falling wedge with a break out target at the top of the wedge which would put SUSHI at .00034 of a BTC. Assuming a $100k BTC that would put SUSHI at about $34.
I also don't think it's unreasonable to go back to the golden pocket or to retest the top at .00054 Regardless, I believe SUSHI has a lot to gain in the near future versus. BTC.
sushi long swing ~i have a feeling alt season is coming,
a lot of people are scared of crypto right now, and that is usually when we see big moves take place in this world.
when the majority is fearful, that is when i am greedy, and when the majority is greedy, i am not fearful - i'm simply selling them my bags :^).
simple swing here with a tight stop loss.
zig-zag into the 0.618% extension. so long as this local pivot holds, sushi will run.
target = $16
ps. it might run a lot higher, but i'm not interested in catching the whole move.
SUSHIUSD - Idea Update - Breaking Out + Higher LowsUpdate to a previous SUSHI idea I posted, this is just a continuation of it. Sushi is back testing its breakout if it can sustain this then it will surely rise other wise go to support levels and try again to break out. This is not financial advice.