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Sushiswap

SUSHI/USDT Potential move from Key Support? 🚀Sushi💎 Paradisers, prepare for an exciting trading opportunity with #SUSHIUSDT, as it steadies itself within a crucial support zone, hinting at an impending market direction. 💎 A closer look at #SUSHI recent performance reveals its struggle to eclipse its last peak, casting a shadow of bearish sentiment. However, prospects for a bullish reversal are brewing at the support level of $1.212. With the wind at our backs, we're setting sights on a rally that aims to break through the next resistance barrier. 💎 If the drive behind CRYPTOCAP:SUSHI starts to wane, we're banking on a bullish resurgence from the established demand at $1.103. Yet, should it breach below this pivotal point, we might be witnessing the onset of a more significant bearish trend.
Long
by MyCryptoParadise
6
SUSHI/USDT Eyeing Bullish Prospects from Demand Zone?👀🚀 Sushi 💎 Paradisers, let’s zoom in on #SUSHIUSDT as it’s currently exhibiting a significant market pattern. Positioned in a demand zone, it is indicating a potential for an upward move. 💎 A recent analysis of #SUSHI shows that after retesting the descending channel, it has started an upward trajectory. Currently, with its momentum building up in the demand zone at $1.220, there’s a high likelihood of a bullish move from this level. Should the price maintain its momentum here, we can expect SUSHI to target overcoming the bearish Order Block (OB) above. 💎 However, in the ever-changing landscape of crypto trading, it’s essential to be prepared for different market scenarios. If #SUSHI struggles to keep up its momentum above the demand zone, a strategic shift may be necessary. In such a case, we might need to focus on a bullish rebound from a slightly lower support level at $1.159. Importantly, if CRYPTOCAP:SUSHI breaks below this support level, it could signal the onset of a bearish trend. . 🌴💰
Long
by MyCryptoParadise
1
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
#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
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
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!
Long
by luigi360swirl
4
Sushi longI think Sushi from now will start climbing. If October, will be Uptober we will soon see a very good entry point for Sushi... If Sushi breaks the trendline and we see some confirmation and some volume coming in - I think it could be a good time for a buy. I see Sushi at 0.8 (about 30% profit) as the next target. I think a 1:1 risk/reward ratio play look good for a spot trade. Even leverage on small time frame could be great play if Sushi pops and get some momentum from breaking the trendline.
Long
by TaTaTaCrypto
SushiSwap $1 move?👀 SUSHIUSDT Today Analysis 💎 Sushi USDT is primed for an impressive move, currently trading in a demand area and setting the stage for a bullish trend. 💎 It's maintaining strong momentum above the EMA 50, having successfully closed one daily candle above it, which further strengthens the bullish outlook. 💎 Above, there's a supply zone that the price is expected to reach, grab liquidity, and mitigate. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
Potential Falling Wedge Pattern Formation on $SUSHI/USDT Chart#SUSHI #DEFI #FallingWedge #PatternFormation #TradingView Hello traders! 👋 I wanted to share an interesting chart observation I made on the $SUSHI/ AMEX:DEFI pair. It appears that a potential falling wedge pattern is forming, which could indicate a bullish reversal in the near future. Let's dive into the details! 1️⃣ Falling Wedge Formation: The price action on the $SUSHI/ AMEX:DEFI chart shows a series of lower highs and lower lows, converging between two trend lines. This pattern is commonly known as a falling wedge, characterized by a contracting range. Falling wedges are often considered bullish reversal patterns. 2️⃣ Volume Analysis: Volume plays a crucial role in confirming patterns. Ideally, we would like to see declining volume as the wedge develops, followed by an increase in volume upon breakout. This could indicate a strong buying interest that could potentially propel the price higher. 3️⃣ Resistance and Support Levels: The upper resistance trend line and lower support trend line are important areas to monitor. A break above the resistance line, accompanied by a surge in volume, may suggest a bullish breakout. Conversely, a breakdown below the support line could invalidate the pattern. 4️⃣ Price Target and Stop Loss: If the falling wedge pattern confirms, a common technique to estimate the potential target is to measure the distance between the widest part of the wedge and add it to the breakout point. As for stop loss placement, it is often set below the support line to limit potential losses. Keep in mind that technical patterns are not foolproof and should be combined with other forms of analysis, such as fundamental research and market sentiment, before making trading decisions. To summarize, the $SUSHI/ AMEX:DEFI pair is exhibiting a potential falling wedge pattern, which suggests a bullish reversal might be on the horizon. However, confirmation is required through a breakout above the upper resistance trend line and a surge in volume. Traders should exercise caution and consider utilizing proper risk management strategies. What are your thoughts on this pattern? Share your insights below! Remember to do your own analysis and consult with financial professionals before making any investment decisions. #SUSHI #DEFI #FallingWedge #PatternFormation #BullishReversal #TradingAnalysis #TechnicalAnalysis #Cryptocurrency #TradingView
Long
by STP_MrNodeItAll