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SUSHIUSDT trade ideas

SUSHI/USDT falling wedge Breakout? 👀 🚀 SUSHI Today Analysis 💎 Paradisers, get ready for an exciting opportunity with SUSHIUSDT! The asset is currently holding a crucial support level and is primed for a bullish trajectory👀 💎 On a High Time Frame (HTF), we're close to witnessing a breakout from a falling wedge pattern. If this occurs, expect a powerful bullish surge. 💎 We're looking at two key scenarios: one involves resistance at the 0.832 level, and the other focuses on a supply zone at the 1.200 level. Anticipate price rejection at these levels as you navigate your trading strategy. Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Long
by MyCryptoParadise_Simon
SUSHI and good positionAs you can see from the chart and one-hour time frame: 1. We have reached the good area of the buy order block 2. The conflict of the price with the downward trend line has increased and it is more likely to be broken 3. We have price divergence and RSI indicator 4. The RSI indicator has approached the oversold zone 5. It is placed on a good support range 6. In the visible valley we clearly see the hammer candle All of the above can indicate a good position for a long position. #personal opinion Good luck and profitable
Long
by mansour1978
SUSHIUSDT new bear leg is coming?SUSHIUSDT appears to have formed an "M" pattern, which is often considered a bearish reversal pattern. In this pattern, there are two peaks, forming the letter "M," with a neckline connecting the two troughs. As per Plancton's trading principles, a potential bearish scenario could be as follows: Neckline Test: The price has tested the neckline, which is around the $0.6 area. This is not only a technical level but also a psychological one, as you mentioned. A breach below this level could be a significant signal. Break of Support: If the price manages to break below the $0.580 support level, it could indicate a shift in market sentiment towards the bearish side. Breaking this support level is often seen as a confirmation of the bearish pattern. Price Target: The next potential target, as per your description and Plancton's rules, could be around $0.54. This is often calculated by measuring the height of the M pattern from the neckline to the highest peak and then projecting it downward from the breakout point. In this case, it suggests a potential move to the downside. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
3
🔥 SUSHI'S Best Trade You Will Make This YearSUSHI has found very strong support at the 2020 lows a couple of weeks ago. Since then, SUSHI has been seeing strong gains. This trade is based on the idea that SUSHI's bear market low is in and that we will generally only go up for the foreseeable future. I'm expecting a minor correction over the coming weeks, hence the entry at 0.7, stop below the May lows, target at 23$. This is a long-term trade and can take another 2 years to hit the profit target. Nevertheless, a risk-reward of >100 is incredible and can lead to some serious gains.
Long
by FieryTrading
13
$SUSHI Performing Ascending Triangle in 1D TF Also BREAKOUT DONEWhat the Ascending Triangle Shows Us The ascending trend line chart pattern is a bullish formation. It signals that the market is consolidating after an uptrend, with the buyers still in control. The occurrence of the higher lows is pointing toward a likely breakout as the wedge narrows down." **There are three key features of an ascending triangle: Strong trend - In order for the ascending triangle to exist in the first place, the price action must stem from a clear uptrend; Temporary pause - This element refers to the consolidation phase, which will help the buyers consolidate their strength; Breakout - The break of the upper flat line marks the breakout, which activates the pattern. It also helps us determine the entry, take profit, and stop loss at a later stage.
Long
by UnknownUnicorn26572303
SUSHIUSDT → Resistance breakout. Expect momentum BINANCE:SUSHIUSDT is forming a bearish wedge and after retesting the global bottom, the price starts to strengthen, breaking the resistance of the pattern A symmetrical triangle has been forming for the last few weeks, within which the potential is accumulating. Within the forming figure, the price is breaking the resistance of the global wedge, but is still trapped under the triangle resistance. Most likely, when breaking the symmetrical triangle resistance, the coin can show an excellent bullish momentum. The market is waiting for activity from bitcoin, but it has reduced its volatility to a minimum, showing little reaction over the past few weeks only yesterday when the market bought back the decline and altcoins reacted accordingly. The SUSHI bulls may prove themselves in the near future Support levels: 0.637, previously broken wedge resistance Resistance levels: Triangle resistance, 0.827 I expect consolidation above the wedge and retest of the triangle resistance with the subsequent breakout and growth towards these levels. Regards R. Linda!
Long
by RLinda
15
SUSHIUSDT accumulation phaseSUSHIUSDT is currently in an accumulation phase, which means that the price has been consolidating and trading within a relatively narrow range. This phase is characterized by lower volatility and indecision among traders as they wait for a clear direction in the market. The daily resistance level at 0.719 is a significant price level that has been preventing the price from moving higher. As long as the price remains below this resistance level, it signifies that there is selling pressure at that price, which keeps the price contained within the accumulation range. However, if the price manages to break above the 0.719 resistance level and sustains its movement beyond it, this could be considered a bullish breakout according to Plancton's Rules. A bullish breakout occurs when the price moves above a key resistance level, indicating a potential shift in market sentiment from bearish to bullish. In accordance with Plancton's Rules, a new long position is suggested if the price successfully flips the resistance level. A long position involves buying the asset with the expectation that its price will rise. By initiating a long position after the breakout, traders aim to capitalize on the potential upward momentum and price appreciation that may follow. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
10