SUSHI/USD looking good to me... Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY... At this time, I do own a small amount of this coin!
I'm looking at the daily chart and putting on my version of the RSI, and yes, it has a lower lowered, but it's still hodling the overall trend. With my version of MACD, it's still red, but I'm looking at the bars at the top, it's popping out of the "Linear Regression," my look back is the last 100 days and 10 days, and I'm using Linear Regression as support and resistance.
And looking at the 1H chart, it looks even better to me!
Sushi
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
Sushi 🍣At the time of analysis, the conditions were very good for growth
Now has reached 40% profit
It has tough resistance in this area
By creating a positive atmosphere in the market, it is possible to break this resistance
Otherwise, It may fit in these prices
And start regrowth by gaining energy
Reaches the next target in the coming days
SUSHIUP Binance BUY at $0.089Like what I see on the weekly chart of the underlying asset (SUSHI) so I opened a trade in Binance yesterday. Bought the SUSHIUP contract at $0.089. Let's see how it goes!
SUSHI/USDT AnalysisSUSHI / USDT
price is retesting the upper resistance of the accumulation zone for past 2 months
Which can indicate bulls want to push price higher
The best entery for alts when BTC is pullingback / rebounce
As long as sushi holding this resistance as support is good for more push upward
Make sure you have your own plan before buying and selling
Best of luck
sushi 8 august 2021tracing support lines to localize bounce-off areas. for a scaled entry.
sushi was last season the best performer in the early weeks along with aave, recording 96% growth in 6 weeks. perhaps not as explosive as many others, but, considering the market cap, very good opportunity on leverage. very volatile, with some large bag holders. prone to exploits due to TVL, but part of yearn ecosystem which factor should not be underestimated.
BUY SUSHIDOWNBuy: 0.003 - 0.00325
Stop Loss: 0.0028
Reason: retest of trendline and proprietary buy signal
SUSHIAlthough sushi just pumped pretty hard, it may be due for another one if btc continues its uptrend.
Trend is testing resistance multiple times, trend has also been accumulating on current support at 7.82 against resistance at 9.58. Overall trend is still in an uptrend as shown.
its funny cause alot of alts across the board all look bullish and prime for another move up.
Most definitely keeping an eye on SUSHI as well.
🆓SushiSwap (SUSHI) July-31 #SUSHI $SUSHISUSHI continues to be budged at $9 but selling is decreasing and $7.50 is a good support so we can expect a strong rally to $9 and $12 within a few days. next. However, if SUSHI loses the $7.5 zone, we have only 1 support left at the $6 zone
📈BUY
🔴Buy : 7.3-7.7$. SL if B
🔴Buy : 8.8-9.2$ if A. SL if B
📉SELL
🔴Sell : 8.8-9.2$. SL if A
🔴Sell : 11.7-12.3$. SL if A
♻️BACK-UP
🔵Sell : 7.3-7.7$ if B. SL if A
🔵Buy : 5.85-6.15$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone