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Sushiswap

SUSHI/BTC (Broke Bearish, Retest Swing Low?)BINANCE: SUSHIBTC -SUSHI broke bearish, failing to hold the key support at 2129 sat -The trading priority is downward and the target below is the Swing Low at 1132 sat -If you are looking for a Buy position, wait for the key area to be tested -Or until the red trendline resistance is broken to the upside -SUSHI may take 1-2 weeks before we may see a potential trend change or pattern to build-up -So please don't try to rush in, wait for proper confirmation or good buyback zone `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
16
DeFi will shine, just give a look to what's doing BellaHello there, I'm on alts too so this is my view on BINANCE:SUSHIBTC . Enjoy! This coin was listed just two weeks ago and looks like it has already been through hell! Let's rewind some fundamentals first! Uniswap works by replacing order books of traditional exchanges, with pools of tokens paired with ETH, which guarantee a swap can always happen. Liquidity providers are incentivized with trading fees, and there is no native governance token. SushiSwap was announced on August 26 as an "evolution of Uniswap" which added "community-oriented features" to further benefit the actors involved - namely, a token. But SushiSwap’s main innovation was in its plan to not only indirectly compete with Uniswap by providing additional incentives, but to directly suck its liquidity through its aptly named scheme "Vampire Mining". 10% of SUSHI tokens minted are allocated to developers building the protocol - by now just Chef Nomi. Nomi had said: "I don’t sell any token". By September 5, the dev fund, which was solely controlled by him, was holding about $14M worth of SUSHI - and he traded it all for ETH. On Uniswap no less. There are no secrets in open blockchains. Traders quickly realized the move and SUSHI price tanked by more than 70% in one day to $1.2 after Nomi’s defection. He nonetheless jumped out of the project. A week after handing off the project, Nomi then returned all $14 million back to the SushiSwap treasury. "To everyone. I fucked up. And I am sorry." twitted Chef Nomi. DeFi are now facing a new wave up thanks to Bella, which is now the leading project by data, market cap and investors. This is bullish fundamental, of course, for SUSHI too. Other than that, price action is moving inside a bullish flag which will eventually be broken out. At last, a bullish Gartley pattern is forming and last level we're approaching is .786 Fibonacci. The buyback will be strong and aggressive, so I suggest you should start accumulating from now. Immediate targets will be around 2k - 2.2k - 3k. If you're a fundamental holder, then consider 4k+ as a target. Hope you liked this altcoin analysis, see you on next prediction! Trade safe and be aware of scammers. Anlvis
Long
by Anlvis
2
SUSHI. 4h. How the price $0.55 is real in the nearest future?SushiSwap hronology. Is likely the meme project that is currently rocking the entire DeFi space. Here, investors can switch liquidity from the Uniswap Decentralized Exchange (DEX) to SushiSwap and profit from it. 3 and 7.09: saw the first security holes and a double-spend bug that retains the right to vote for the tokens owner even when they are transferred. 5.09, SushiSwap founder sells all SUSHI . There were rumors about the anonymous creator of SushiSwap who withdrew from the pool about 2,5 million SUSHI and about 20,000 ETH associated with it and exchanged SUSHI for ETH. There was an additional 18,000 ETH for this exchange, which is equivalent to roughly $13.16 million. As a result, of his actions, to the chagrin of many SUSHI holders, ultimate in a sharp price fall by 88%. 6.09, FTX buys SushiSwap. Sam Bankman-Freed, the managing director of crypto exchange FTX, urged boss Nomi to resign to save the project from collapse. After that, crypto boss Sushi confirmed on Twitter that he had left the management level of Sushi Swap. The exact steps and background to his resignation are unclear, but following the announcement of his scandalous departure, the anonymous founder of the Uniswap fork handed over full control to his high-profile critic, FTX CEO Sam Bankman-Freed , who has now completely bought up the protocol. The price has recovered and is $2.47 now. Today 10.09 , the DeFi-protocol Sushiswap separated from Uniswap and take out 1.3 billion to its own platform and only 346 million remain on Uniswap. Hard blow to the "decentralized system" And icing on the cake. On 8 September, the cryptocurrency analytical firm Glassnode published a report that relies on mathematical models and assumptions to ensure the stable operation of the platform. This report shows that even the current SUSHI price is overstated and the fair SUSHI price is only $0.31. Our technical analysis is also based on assumptions, since the trading history is very small and the coin is manipulative. However, using Fibo levels , we agree with Glassnode analysts that if the SUSHI price does not rise above $3.50 in the coming days, then we will have another strong move down to the levels $0.55 and $0.4. __________________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier.
Short
by P_S_trade
4
SushiSwap Price Prediction: SUSHI Imminent Mega Breakout To $4 SushiSwap finds stability after a gruesome week, recovery is in the offing. SUSHI/USD bulls must defend the triangle support to avert any lingering declines back to $1.00. The embattled and epitome of DeFi drama, SushiSwap token seems to have found some semblance of stability after last week’s rollercoaster ride. Support has been established and embraced at $2.15 and marginally above $1.00. At the time of writing, SUSHI is trading at $2.20 following a 24% retreat over the last 24 hours according to data by CoinMarketCap. A falling triangle pattern is the most pronounced chart pattern in the hourly range. If the bulls hold onto the short term building momentum, a breakout above the triangle would kick start SushiSwap’s mega rally to levels above $3.00 and $4.00 respectively. Technical indicators on the chart suggest that SUSHI will stay in consolidation a while longer. The Relative Strength Index (RSI) has slowed down the downtrend after forming a higher low and lower low pattern. Support above 30 (oversold region) means that bulls are fighting to regain control of the price. Moreover, recovery towards the levels at 40 and the midline would indicate the return of bullish pressure, significant enough to support a break above the triangle. Meanwhile, it is essential to note that the price is trading below the 50 and 100 moving averages. SUSHI will have to change these two resistance zones (50 SMA at $2.61 and 100 SMA at $2.65) into support areas to properly gain ground and launch an attack at the triangle resistance, $3.00 and $4.00 levels. For now, keeping the price within the confines of the triangle is in the bulls’ best interest. In other words, it vital that the pattern’s support remains intact. Otherwise, a break under the triangle could culminate in an exploration of the rabbit hole back to the $1.00 level. SushiSwap Intraday Levels Spot rate: $2.20 Relative change: -0.16 Percentage change: -6.80 Trend: Short term bearish bias Volatility: Expanding
BINANCE:SUSHIUSDLong
by CoinGape
SUSHI/BTC (Testing Important Support)BINANCE: SUSHIBTC -The price is now testing the previous support or lower part of the box -Technically, it is not good. we don't want the price to go back to this area -If we are Bullish in the short term, the price should hold the upper range of the box -If SUSHI breaks this support, it is likely to retest the Swing Low at 1341 sat -If your trading style is to buy at support area, this is your chance with a tight stop-loss -Of you wait for the retest of strong support at 1300 sat range ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **Please don't forget to leave a thumbs up & comment **Thank you! :)
by PolarHusk
14