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Sushi

#SUSHIAfter the failure of the downward trigger and the strong exit from the concentration, it has created a corner pattern with the ascending guard, which can continue this growth until the upper areas if it is supported in the specified area. In the weekly time, the path of upward movement of the currency is open and it will have the ability to grow up to the important daily and weekly resistance area of 2.8 to 3.12. Also, if it penetrates below the support of 1.18, the possibility of an increase will be weakened and the analysis will be invalidated.
Long
by alikze
SUSHI/USDT Had a Good Run So Far | 👀🚀 What's Next?💎 Paradisers, focus on SUSHIUSDT, as it's currently exhibiting a compelling market trend. The asset is showing signs of a potential bullish move from a key support level. 💎 Recently, SushiSwap faced a hurdle at the $1.49 resistance level. If SUSHI can maintain its ground at the critical support level of $1.04, there's a considerable likelihood that we could see a continuation of its bullish trend. This positive view is bolstered by SUSHI's strong showing above the EMA, indicating the potential for continued upward movement from this level. 💎 On the other hand, if SUSHI finds it challenging to hold its position at the $1.04 support, a strategic reassessment might be in order. In such a case, we might need to anticipate a bullish movement initiating from a lower demand zone. 💎 Stay vigilant and prepared, Paradisers. Your ParadiseTeam is here to provide key market insights, assisting you in navigating these trends and ensuring your trading choices are both well-informed and tactically sound.
Long
by MyCryptoParadise_Simon
1
SUSHIUSDTBullish Bias and Potential 70% Price SurgeSUSHIUSDT recently marked a decisive break above a descending channel, signaling a significant shift in price dynamics. Preceding this breakout, the price consistently respected both a minor and a major demand zone, indicating robust bullish pressure within the market. Further reinforcing this bullish bias is the clear bounce observed from a simple uptrend trendline, coupled with a distinct formation of higher highs (HHs) and higher lows (HLs) pattern. Considering these bullish confirmations, there's a higher probability of the uptrend's continuity, potentially leading the price towards a massive supply zone formed back in 2022. Upon reaching this supply zone, it could signify a noteworthy 70% price increase for SUSHI.
Long
by CryptoPAMM
#SUSHI/USDT#SUSHI The bearish pattern on a 3-day frame was breached The price rushed strongly, heading to the first target at the price of 0.869, touching the moving average of 100. It is expected that the price will rebound with a correction from the first target and then continue rising to the second target of 1.170 This represents 100% of the penetration price This is supported by significant buying momentum and an upward trend Please note that moving average 100 will give an upward push to the price once it is breached
Long
by CryptoAnalystSignal
3
Sushi - Tested 2 timesDear my firends, We have seen very strong buying pressure pushing Sushi to break the downtrend line for many days. After that, it broke through very hard resistance and returned to retest twice there. At this time, it is the beginning of wave 3 on the Sushi daily frame. Our problem is that currently the price of Bitcoin has grown too hot and has begun to correct. The best scenario is that bitcoin will retest the 38k resistance area and then return to the 38K area and bounce up. This is a beautiful scenario for Sushi to follow the price path I am seeing. I decided to place an order here and stop loss below the support zone. Hope I won't bite the stoploss LOL! Best Regards,
Long
by DragonCaoB
3
SushiSwap Analysis Bullish Momentum 🍣 SushiSwap Analysis: Bullish Momentum Building with Strong Accumulation Signals 📈 SushiSwap enthusiasts, it's time to take a closer look at the charts! 🚀 📊 Technical Analysis: The 20, 50, and 200 Exponential Moving Averages (EMAs) are signaling a promising phase for SushiSwap on the daily charts. The convergence of these key indicators suggests a potential accumulation phase orchestrated by big money players. 📈 Bullish Momentum: The 20 EMA, being the most sensitive to short-term price movements, is now crossing above the 50 EMA. This golden crossover is a classic bullish signal, indicating a shift in momentum. Furthermore, the 200 EMA, representing a longer-term trend, is acting as a crucial support level. 🤑 Accumulation Phase by Big Money: The alignment of these EMAs suggests that institutional investors and whales might be accumulating SushiSwap at these levels. This strategic move by big players often precedes significant upward price movements. As daily candles show consistent strength, it adds credibility to the notion that smart money is positioning itself for a potential bull run. 🔍 What to Watch For: Keep an eye on the daily candle closes; sustained bullish candles reinforce the strength of the current trend. Monitor for any upcoming announcements or developments within the SushiSwap ecosystem, as they can further fuel the bullish sentiment. 🚨 Risk Disclaimer: While the technicals are favorable, always conduct thorough research and consider your risk tolerance before making any investment decisions. 📌 Conclusion: SushiSwap is currently exhibiting strong signals of a bullish accumulation phase. The alignment of the 20, 50, and 200 EMAs on the daily charts, coupled with robust daily candle patterns, indicates a potential surge in the near future. As always, stay informed and trade responsibly! Disclaimer: This is not financial advice. Always do your own research before making any investment decisions. Cryptocurrency markets can be highly volatile. 🍣🚀 #SushiSwap #CryptoAnalysis #BullishSignals #Cryptocurrency
Long
by LegacyTrendX
1
SUSHI/USDT Ready For Bullish Rally? 💎Paradisers, brace yourselves! SUSHI/USDT is on the brink of a bullish eruption, ready to break free from its descending channel and embark on an upward spree. 💎Lately, SUSHI has been hovering near a pivotal support zone. Coupled with an uptick in trading volume, we're bullish about an imminent upswing. 💎After initially reaching equal highs, SUSHI experienced a significant drop, indicating a change in market mood and extending its bearish trajectory. 💎Nonetheless, signs of bullish momentum are beginning to re-emerge, and we anticipate the price will target the overhead supply zone in the near future. 💎Heads up: Should the price dip below the support level due to market volatility, be prepared for a possible bearish pivot. 💎Stay locked in for more timely updates!
Long
by MyCryptoParadise_Simon
SUSHI/USDT upward momentum? 👀 🚀 SUSHI Today analysis💎 Paradisers, let's delve into the nuances of SUSHIUSDT as it positions itself in the demand zone. While the crypto landscape is ever-evolving, there's a heightened probability that SUSHI might embark on a bullish journey. 💎 Recently, SUSHI tapped into the liquidity at the .518 level, which is now playing a pivotal role as support. Despite many crypto novices betting against this coin at its current stance, the scales of probability tilt towards a bullish outcome. 💎 If SUSHI manages to maintain its momentum above this support, there's a strong chance it might challenge the overhead supply zone. 💎 On the flip side, if SUSHI doesn't hold its ground at the .518 support, the probabilities lean towards a descent, potentially revisiting the daily support level.
Long
by MyCryptoParadise
1
BULLISH ON THIS FTM TWO-YEAR APEXIn this chart of BINANCE:FTMUSDT , we saw an apex pattern and I would consider bullishness for this coin because of these factors: Triangle and its past. The specific pattern shown is a descending triangle from its prior uptrend movement from a daily and weekly timeframe, indicating a higher chance of a resistance breakout. Respecting the elderly. In terms of the seniority, the current resistance line is formed in January 2022 while the support is two years old and six months older. In my trading experience, the old will have the "firmness" and conviction. I also posted this on my past idea of this two-year support, true enough the market respected it. Take note, price rejection can happen, plot your support lines on an hourly perspective as possible. I would add more goodies in the comments down below. Always PLAN your trades and happy trading!
FLong
by Habadoo
4
CFX CRITICAL RESISTANCE LINE AND RISING WEDGEIn this logarithmic chart of BINANCE:CFXUSDT is the near yearly resistance line of the coin. I started to assess this trendline after its pump last week and price consolidation has been observed near on the resistance. Also, sharing this rising wedge pattern below that could be a sign of rejection of the pump and reversal of the uptrend. Presented in yellow arrow line is the bearish divergence from my indicator, RSCD (RSI MACD) forming a lower high and the price forms a higher high. The diagonal support line is also presented. In my view, breakdown can happen but to the point of forming another diagonal support since there would be people who would still want to buy from the pump. But if not, I plotted the potential support lines by using Fibonacci retracement. The coin could enter a reversal but if in case it regains a momentum to breakout on the wedge. I would consider these two potential resistance lines. (1) Currently, the coin has touched the 0.5 resistance level multiple times as it tries to touch again and possibly breakout. With that, consider the 0.618 Fib level. (2) I would also consider the .382 Fib level from its higher high on the daily timeframe. Backtesting this trendline had some events of being a critical trendlines (support and resistance) of the price movement. Overall, based on the structure above, we will see BINANCE:CFXUSDT rejected past the long trendline with a rising wedge pattern on its current movement, favoring a bearish trend. Always PLAN your trades. Happy trading!
Short
by Habadoo