SUSHIUSD Potential Up Channel SUSHI has potentially bottomed, within the red zone of the cloud indicator
Using this we can plot an upward parallel channel with these two points
Im not sure if the 1,2,3,4,5 is correct Elliot wave, but it is a great way to visualise the price movement
Buy the dip scenario
Sushiswap
SUSHIUSDT : 12.12.2021 : $SUSHI The price is in an Potential Reversal Zone (PRZ) that we can enter the buying position if the downtrend breaks .
The targets will be as follows :
☑️ TP1 : 6.30$
☑️ TP2 : 6.91$
☑️ TP3 : 7.60$
☑️ TP4 : 8.25$ (Important Volumetric Resistance)
☑️ TP5 : 13.45$ (For Holders)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 12.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
💡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
BENEFIT FROM ANALYSIS, DON'T FORGET
TO LIKE AND FOLLOW 👍👍👍👍 IF THERE IS SOMETHING WRONG WITH THE FORMATION, YOU CAN ALSO BE AWARE.
📗📗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
Are we headed to $12? Part 2Similar to the SUSHIUSD price chart. The SUSHIBTC price chart looks like is in a bull flag pattern. Assuming that SUSHI gets to the the top around mid January a $12 SUSHI and .0002267 SUSHIBTC would place BTC price at around $53k (Extended cycle? BTC oscillating around $50-$60k for the next few months?)
At the end of the day the main point of these charts are to identify a trend. For a while it looked like the SUSHIUSD chart was in some type of pennant which is why I believe us HODLers where shocked once it broke down. Assuming we are still in a bull market I think the high $4s-low $5s are a solid short term bottom. If the channel plays out look for the top of the channel to take some profits.
Are we headed back to $12? Part 1My bull case scenario for Sushi places us at the floor of a bull flag pattern. Assuming a continuation of the bull cycle I believe we could be headed back to $12ish in the next month or so. The measured move out of an upside break would place us around $34 with a potential move to the 1.618 fib at around $39.
I think it's also possible we head back down to the bottom of the channel at around $3.70. Depending on what the market looks like once we hit the top of this channel it may be good idea to take some profits then.
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.
Last time SUSHI went 47x from hereThe last time SUSHI was at these level in both the RSI and MFI it went up from about .50 to $23.5 (47x). I doubt that we will see the same returns this time around but AS LONG AS we continue in a bull market I think we could hit the 1.618 fib at about $34 (4.5x from here).
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.
SUSHI is inexpensive at ~$8 *Yum (SUSHI-USDT)🍣🍣🍣🍣🍣
😲 (Sushi is very cheap right now,) currently rank #108 CMC.
Wait until price breaks structure to confirm uptrend.
For fundamentals on one of my favorite altcoins SUSHI (SushiSwap,) see ideas linked in post.
Bull targets are marked by lines of 🍣🍣 on chart.
SushiSwap gas fees are a little high 😖, don't worry though, you can avoid this by using the Polygon chain on SushiSwap.🆗👍
lower TF headed for breakout. Let's see if we can breakout and retest for good entry.
Although BTC still has main dominance in the market and is looking bullish, Sushi is correlational to ETH, which is looking strong as well.
💎
Let's go SUSHI.🏁
📈💲
Thank you
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs etc. I always recommend looking at multiple charts when making a big investment!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
🐶
SUSHI/USDT TRADING PLANNING FOR SPOTSUSHI/USDT
Ideas plan for sushi
We can wait after retest done, and buy on weakness
or wait the confirmation from breakout
Trading key is the patience, dont be hurry
Hope you guys get something from my chart
Thanks for the support
#indonesia #tipsfortradingplanning
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
sushi the best to hold in 2022!
the massive accumulating triangle is crystal clear.
Triangle base acted twice before as a strong support.
RSI has just close 1 day ago below 30 level which is positive indicator
Already 70% down from May cliff. so it should be buy opportunity.
✅ buy: 6-8 ✅
🎯TARGETS:
1- $12.85
2- $16.20
3- $19.10
4- $23.40
5- $28.00
6- $34.00 ( long term)
7- $40.00 ( long term)
💵 Trade Size: 5-10% of Portfolio
🚫Invalidation(SL): daily close below $5.12
SushiSwap price update 28th of November SushiSwap has broken my green support zone and continued the downtrend it has been in all of November. It saw a high volume candle now and we may see a rebound back to the upside if upside momentum and buyers build up in this zone. Otherwise we could go back to the lows of may and retest them again. I’m still neutral right now on the price of Sushi