SUSHI USDT false breakout? good time to buySUSHI is a fork of the Uniswap project. Token was moving in bullish trend, after a false breakout we'll see an obvious rise.
Sushi
Sushi – Potential 40% gains BUY: 19.9 – 20.7
TARGETS:
1) 24
2) 28
STOP: 17.5 (when a 4h candle closes below this price)
Rationale:
-Price has been moving within a channel for the last 39 days and is trending above the mid-line support
-After recently touching the top of the channel, price has falling back to the closest support level. This is our buy zone.
-RSI has formed a trendline support and is holding above.
-We remain bullish as long as RSI can hold above this trendline and the buy zone.
-A dip under the RSI trendline and buy zone is to be expected. As long as the price moves back up above these areas we can expect it to move to target.
Your risk, your reward. This is not financial advice.
Happy trading.
Sushi (SUSHIBTC) – Potential 87% gains BUY: 0.000342 – 0.000355
TARGETS:
1) 0.000446
2) 0.000544
3) 0.000640
STOP: 0.0003 (when a 4h candle closes below this price)
Rationale:
-Price has been forming a pennant for the last 39 days and is holding above the 100 EMA which has been a strong resistance throughout the uptrend.
-Price broke above the purple diagonal trendline and has re-tested it, turning it to support.
-After bouncing from the trendline it touched the top of the pennant, and price fell back to the closest support level. This is our buy zone.
-We remain bullish as long as price stays above the lower boundary of the pennant. If price breaks below the lower boundary of the pennant it will re-test the purple trendline.
-If the purple trendline breaks, this idea is invalidated, hence the stop is below the trendline.
Your risk, your reward. This is not financial advice.
Happy trading.
BTC trying to confirm the bull flag breakBTC is resisting over the bull flag channel, trying to reach new levels in the next days.
I have some alarm at 57k to take some profits in case we go back to retest lower levels.
But on my opinion we are not retesting the bottom of the channel since we have 2 supports that could hold us right now.
First one is the support levels from the beginning of the bull run around 55k-56k, and the second one is that red triangle that we created recently around 52k.
In all those cases we are set for a uptrend this month to either the top of the triangle around 64k-66k, or 81k.
That´s all folks, have a good one and lets keep our eyes on that channel.
BTC moved exactly as I predicted, what next?BTC broke the bull flag today, and TA indicates that it could reach 70k soon.
I see a lot of bears nowadays expecting it to fall, but is too late now, the moment to be bearish has passed and if you guys don´t wake up you will loose a big opportunity.
SUSHI/USDT — Moving in a Downward ChannelOn the the 4H chart, SUSHI is forming a downward price movement channel amid the recent collapse in the price of Bitcoin. The cryptocurrency is down nearly 30 percent since reaching its all-time high. In addition, SUSHI has returned to the accumulation zone, which began to form back in early January. Usually a long consolidation of the asset in such a zone ends with a fast upward movement on a bullish trend.
There are two main zones marked on the chart, which can be used as a reference point when buying the coin. A breakout of the descending channel and the growth of the RSI indicator above 50 complemented by high trading volumes would be another confirmation of SUSHI’s growth. The trading set-up can be cancelled if the coin's price falls below the long-term accumulation zone. The suggested Stop Loss order placement is also marked on the chart.
Use the GRID Bot by 3Commas to benefit from trading SUSHI/USDT. To do that, simply follow the steps below:
Head over to the GRID Bot by choosing it from the main menu in your 3Commas account;
Select the USDT Market and the SUSHI/USDT pair;
In the GRID Bot tab, go to the Manual strategy settings;
Set the upper limit price to $23.25 and the lower limit price to $11.35
Number of grid lines: 10;
Set the quantity per grid parameter according to the amount you wish to spend on each trade;
Click the Create button and your bot is ready to trade!
Best of luck, and happy trading!
-The 3Commas Team
Dot lost it´s channel but held on the 0,38 fiboDot lost its channels, but it actually held pretty well after the break lateralizing just a bit to the 0,38 retracement level.
I believe that is coming back to the channel soon.
Hard to tell if BTC will keep loosing dominance right nowBTC kept loosing its dominance even now that it recovered from 50k, the fact is that alts are set up to pump.
But I don´t think we will see a real Alt season just yet, just alts outperforming BTC in the next days.
There you go, the dump guys are crying right now.Well well, what I sad about the market being scared and bearish is a bullish indicator was right after all.
But from a TA perspective, the 50 MA will always have a bounce on it since it is a very strong support for BTC, I am not saying that the downtrend is over yet, but if you had bad
orders before the dump to 50k and you see that the 50 MA is there supporting us you should always wait so sell your positions.
LINK continues to be awesomeI know many lost their hopes on LINK, and that´s why it will go up. Only the real holders make good profits on it.
Link´s channel is too big since the beginning of the bull run, and is hard to predict short term moves. Just accumulate that baby and thank me later.
Have a good one guys.
ADA is holding the bull channel, best performing altcoin by far.By best performing alt I don´t intend the best percentage since the beginning of the bull run, but the most stable upwards movement for sure.
I guess that by now you guys know my thoughts on ADA already.
I have to say that, when everyone is bearish before a break...Everyone is bearish right now, and BTC didn´t even break the 50 MA yet, just like they were every time we touched the 50 MA.
I am not saying to go all in, but just don´t sell all you have, fear in the market is really high, even though we have the futures expiring tomorrow.
IFFFFF we break the 50 MA we are in trouble, not to much trouble but consider selling some positions to rebuy afterwards.
When everyone is in fear you have to think twice, those moments separate the boys from the adults.
Decision time, don´t panicBTC is repeating that bull flag again, is it breaking to the upside or are we continuing the down trend?
On my view, all depends if we break the triangle or not, we didn´t yet, so lets see what happens now.
🆓Sushiswap/USDT Analysis (24/3) #SUSHI $SUSHIThe 16$ zone is a good support and there is a buying force to push it up to 20$ zone. But the 20$ zone is very strong so I think SUSHI will take us half of April to go sideways to accumulate before breaking it to move up to 28$ zone.
📈BUY
-Buy: 15.6-16.4$. SL if B
-Buy: 19.5-20.5$ if A. SL if B
📉SELL
-Sell: 19.5-20.5$. SL if A
-Sell: 27.5-28.5$. SL if A
♻️BACK-UP
-Buy: 13.7-14.3$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
BTC reached 29 weeks without touching the 21 week EMABTC is breaking a record during the current bull run with 29 weeks without a correction to the 21 weekly EMA.
What does that tell us? Time to sell? Not yet on my opinion, we still need to break that old support from the 20k before becoming bearish.
In case we break it down is time to run to the mountains, that's a crucial decision time for BTC.
I also want to thank you guys for following me, liking, and commenting on my content, couldn´t be happier knowing that I reached 500 followers today.
Adding it to my watchlistI am looking into some coins with big potential right now, and I am adding them to my watchlist to study them better.
Feel free to share thoughts on them.
Just adding Sol into my watchlistSOL is the biggest ADA competitor at the moment, and I am curious in learning more about the project in the next days.
If anyone know it well, please feel free to share thoughts on it.
Alts getting stronger everyday Just pointing out again the Dominance factor that is playing out right now.
Even though BTC has a low volume, it is respecting the old support from the 20k, I think it will slowly lateralize inside the triangle, and in the meanwhile we´ll see ALTs pumping.
SushiSwap ($SUSHI) Going to $24+ in the Next 24-48 HoursBuy Price: Under $19
Target Price: Top of Trend Line (Whenever that is)
With $CAKE going up 20% in the last 24 hours and now $UNI going to new ATH on the news v3 is imminent, $SUSHI will be making the run any minute now. I expect it to happen in the next hour at most.
Get on this sub-$19 buy while it's available. You won't see this price again!
Critical Moment, no sleep for me tonight I guess....hahaAnd here we go, that support is my exit point, the next hours are critical right now.
I made some buy ordens on the bottom of the triangle, but I am leaving in case we break it down, with all my trade positions.
EOSEOS
The last time EOS was at these prices was back in 2017.
Completed a 5 wave structure.
Corrected back down to 2017 levels.
Market sentiment is neutral/ bullish in general.
I expect EOS to have it turn really soon.
EOS is dirt cheap at these prices.
1,1 is the bottom of the bull channelBTC is still under accumulation, some people see the ascending triangle as a bearish sign, and technically it is.
The think is that BTC have a strong support under 50k, and with that money printing a rise is inevitable.
My guess is (not financial advise), BTC could be testing the top of the triangle before a major correction, and on the meanwhile alts will have their pump.
ADA and LINK are my favorite alts at the moment, followed by UNI, DOT and SUSHI.
That ADA bull channel have being working great so far, and as long as ADA don´t break it I am still bullish.
