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Sushiswap

13.986 Price Target for $Sushi Coin + Big Picture UpdateExcepting a breakout to 13.986. We are downtrending currently but I see this playing out 2 ways. First: Simple way, We continue the dip no lower than the current low we have for the green lined pattern and have a test at the P.T. OR Second (Likely): We see the bottom to the trend at around 12.747 and begin an ascending triangle pattern play out into the night which more than likely send us straight to our price target. Updates coming on what the bigger picture could look like. (2 Hr Time Frame Analysis) Either way though. I am opening position's at support. Happy Trading!
SLong
by GreenDayTrade
Sushi/Btc BULL Div spotted perfect setup to go parabolicSushi is ready for takeoff soon, im convinced we will see triple digits within this year. This is not just based on technical analysis but also based on the Sushi token that will appreciate in price due to the following catalysts taking place - Sushi multichain amm growing in volume, 0,05 per Tx go to the xSushi stakers - ShoYu soon releasing aka the OpenSea killer 2.5% of fees is going to the stakers - Trident AMM (READ MORE https:// medium.com/ sushiswap-org/ introducing-the-sushi-next-generation-amm-trident-7dea6aa3cbc2 - New emissions - VC/investor sale come to an end Oh and lets hit the bottom of this beautiful channel so I can load up more
Long
by Hypical
2
Sushi UpdateNailed Sushi waves this summer but don't really have to be a genius. Set up was clear and easy to play. Now however, I prefer the sidelines and want to see a solid base built up around $12 for a chance to run to $20. If you think it will run, the time to add is now. I still want to see $20 but nobody cares what I want. I am out of Sushi as of yesterday. However, if I like what I see I will get back in with tight stop losses in place. I like the repeat of the W pattern so if it holds - I am adding. If not, I am ok with good old American currency. Side note: there are 11K+ tokens, coins, imaginary mediums of exchange and so on. Bitcoin dominance is loosing steam...why? Well you have 11k of other coins that compete. Scarcity is not the reason BTC goes up, make sure you understand the narrative you subscribe to. I am a gambler, not a macro thinker so gamble at your own risk when you read these pajama pants trader posts. As my friend says "You are just as imaginary and worthless as Bitcoin". Have fun staying rich if you are in it. I think we are going into a shake out stage of the crypto market and every dip should be bought.
COINBASE:SUSHIUSD
by bossmodetrader
SUSHI Consolidates Within Ascending Channel, Bulls Eye Break -SUSHI has risen over 30% the last week -Price has been respecting an ascending channel -75MA will act as support if necessary Sushi Swap experienced great hype in the earlier months of this year but has since fallen a bit under the radar. Its main competitor, Uniswap, has still been holding well throughout the market as platform visits have been increasing over the last month. Since BTC has broken out of its $40,000 resistance, many alt coins have been surging off their lows. SUSHI has been attempting to break free from a major resistance zone over the last 3 days but has fallen short. If BTC can gain its footing soon we should see SUSHI above $15 in no time. Since the 20th of July, Sushi Swap has been in a healthy uptrend. Price has been supported within an ascending channel as each time price touches either trend, it gets rejected to the opposite trend. For SUSHI to experience a strong breakout, price must break & confirm its major resistance zone found from $13.39-$14.24. If bulls manage to pull this off, we should expect price to rise to at least $15.59 & potentially $16.58. If price manages to break & hold the top trend of the channel, SUSHI will go parabolic. At the time of writing, SUSHI is holding the median line of the channel. If at any point bears assert their dominance & Sushi breaks below this trend, we should expect price to fall to the bottom trend of the channel. Along with this median line lies a near 3 month trend line that has held price down from a bullish trend. Just 2 days ago, bulls managed to break this trend line and have since been able to hold. Breaking both of these trends will likely result in a minimum -5% downfall. In this case, Sushi Swap will likely find support at $10.63. While looking at the Stochastic RSI, we can see how strength reset to the oversold territory. As long as strength manages to break out of this zone, this is a good sign that SUSHI is regaining strength for its next upward push. The RSI has been hanging out above the 50 value for nearly 9 days. A strong push into the overbought territory is needed for SUSHI to break out of its major resistance zone. If at any time strength breaks below the given trend line, expect price to start some type of downtrend. 
 SUSHI Intraday Analysis Spot rate: $12.85 Trend: Bullish Volatility: High Support: $12.02 Resistance: $13.39
by CoinGape