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Sushi

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.
Long
by CryptoNCoffee
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.
BINANCE:SUSHIUSDLong
by CryptoNCoffee
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.
Long
by CryptoMamba24
5
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.
Long
by Yuriy_Bishko
7