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Sushiswapanalysis

SUSHI: DOUBLE OR NOTHING.With the latest news on Sushi related to all staking fees on the Sushi platform being redirected to the project’s treasury for a year, the project leader Jared Grey has taken a bold step forward. Chart-wise, there hasn't been a lot happening recently. Things could take a quick turn as the words are put into action. Sushi is close to the support level with the current price of $1.18. In the worst-case scenario, it should not drop more the $1 rather it should bounce back doubling the price ($2.3). Key points: 1. Support level: $1 to $1.13. 2. Target: $2.3. 3. Invalidation point: Breakdown and close below $1. That's it from my end. I'll see you in my next update. Trade safely.
COINBASE:SUSHIUSDLong
by Dexter_The_Trader
2
🍣SUSHISWAP price. Is it time "to taste" SUSHI again?🥢Today we will consider the trading pair SUSHIUSDT on the daily timeframe and tell you why this chart has attracted our attention. During the DeFi boom of 2020-21, the SUSHISWAP protocol was quite popular and was always in the top 10 in terms of TVL. The maximum locked amount of pledged assets in the SUSHI protocol reached $7 billion, which was about 4% of the total TVL of the DeFi sector. As of today, about $550mn is locked in the SUSHISWAP protocol, which is about 1% of the total TVL of the DeFi sector. In principle, this is not a bad result and the share of "influence" in the DeFi sector. If we take into account the fact that the price of the SUSHI token has decreased by -90-95% over the past year and depreciated by 13-15 times. So why has this project attracted our attention now, you may ask? And we will answer: 1. Increased trading volumes that began to return to the SUSHIUSD trading pair, and accordingly, this is an increased interest of both buyers and sellers to the coin. There is interest in the coin, so the project is "alive" even after such a strong and long fall. 2. Buyers managed to break through and consolidate above the liquidity zone of $1.50-1.60 and this is on the daily time frame. For the last six months, this liquidity zone was a strong resistance and did not let the price go up. 3. Even the most modest assumption regarding the potential for SUSHIUSDT price growth to the range of $3-3.30 from current prices is x2. Moreover, it can still be growth within the downtrend, that is, the price will be below the red trend line. Summarizing: In our opinion, as long as the buyers of SUSHI manage to keep the price above the liquidity zone of $1.50-1.60, there is a good potential for the price to rise first to $2.30, and in the best situation to $3-3.30. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
21
SUSHI the last resistance before FOMO kicks in SUSHI / USDT SUSHI become one of first coins to break its major trendline resistance which could be a start of new bull cycle But before we get excited there is last important resistance in my chart breaking it out with strong volume will complete the inverse H&S which is another bullish pattern then fomo will kicks in Keep your eye in this coin ! ❤️if you enjoy my long term analysis then dont forget to support my work so i will publish more ❤️
Long
by Babenski
26
Sushi great risk/reward spot positionthis is more of mid term play rather than a day trading position. i am setting orders to buy SUSHI between 1$ and 1.03$ and i plan on keeping it for a at least a few days and that is why i am going to make a spot position and not a leveraged futures position. i will hold it even if it goes a little under. technicallly it is time for sushi but also news are coming on the 26th. also,if the third tap on the support is met,that is huge signal for a mid term buy. i will keep it at least until price meets the red descending line of resistance or the resistance at 1.17 basically we want it to drop short term so we can buy,and then we need a slow and steady pump. orange lines are resistance points in case you want to get out sooner.
Long
by POWcharts
SUSHI (SushiSwap) Token Analysis 29/03/2021Fundamentals: SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens. SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI. SushiSwap primarily exists as an AMM, through which automated trading liquidity is set up between any two cryptocurrency assets. Its main audience is DeFi traders and associated entities looking to capitalize on the boom in project tokens and create liquidity. AMMs do away with order books entirely while avoiding problems such as liquidity issues, which hamper traditional decentralized exchanges. SushiSwap aims to improve on the offerings of its parent, Uniswap, by increasing the impact users can have on its operations and future. The platform takes a 0.3% cut from transactions occurring in its liquidity pools, while its SUSHI token is used to reward users portions of those fees. SUSHI also entitles users to governance rights. SushiSwap was founded by the pseudonymous entity known only as Chef Nomi. Little is known about Chef Nomi, or his or her impetus for forking off from Uniswap. The project has two other pseudonymous co-founders, sushiswap and 0xMaki, also known as just Maki. Between them, they handle SushiSwap’s code, product development and business operations. More recently, de facto ownership of SushiSwap was passed to Sam Bankman-Fried, CEO of derivatives exchange FTX and quantitative trading startup Alameda Research. Bankman-Fried is a well-known participant and cryptocurrency market commentator, regularly appearing in media interviews. SushiSwap attempts to mitigate the traditional risks of depositing funds in smart contracts by upping the governance powers of its users. The anonymity of its developers poses questions beyond a technical standpoint. In September 2020, for example, Chef Nomi was involved in a spat with users after withdrawing 38,000 in Ethereum (ETH) from SushiSwap. The funds were subsequently returned, with Chef Nomi publicly apologizing for doing so and calling the move a mistake. SushiSwap’s in-house token SUSHI is created at a rate of 100 tokens per block. The first 100,000 blocks had a block reward of 1,000 SUSHI. The supply of SUSHI will depend on the block rate. At approximately 6,500 per day, and therefore 650,000 newly-minted tokens per day, there will be roughly 326 million tokens in circulation by September 2021, a year after SushiSwap first launched. SUSHI had no premine, and began to be minted at Ethereum block number 10,750,000, beginning with a supply of zero tokens. Technical analysis: as we can see the price is on the retracement to the lower Levels and apparently we can have a touch on the 61.8% Fibonacci retracement, which can end the distribution and start some Accumulation for the stronger impulsive wave. there are total of 2 targets defined by the Fibonacci expansion of the initial impulsive wave.
Long
by BitonGroup
10
SUSHIUSDT , Finally downward trend was breakHello everybody SUSHI is working on DeFi base and it has good news to publish , and can rise the price According to the chart you see the price was moving in downward trend in long-time and its tired the holders and traders , and now with this powerful candle the downward trend was broken and change to upward trend and we need the price to have some correction of this movement then we can entrance in position , we shown on chart 2 buy zone i if the price drop can activate these zones but with this momentum of movement have chance to not activate these zone , if this theory happen we update new buy zone and target . Dont entrance in any position with your sense or emotional condtion , take signal with our own strategy then entrance If you have any question just ask us Good Luck Abtin
Long
by Abtin00
SUSHI anything is possible (Please read)Hello all, I was not going to publish this idea, but I decided I would share anyways. If BTC falls below 30k we might see 28k, possibly even 18k, so always remember to keep a close eye on the King of Kings. For now, my eyes are also locked on one of my favorites, SUSHISWAP exchange token. 🍣 It is possible we have bottomed out and are now seeing immense buy pressure after hitting the 6.3 bear target🐻. If we continue down I expect to see ~5.0 as mentioned above📈🎯. Yum... We are now back into the Pitchfork and bullish targets are possible here🐮🆗. Defi is the future of finance, our traditional finance system is broken. ‼🛑This is not financial advice‼🛑, for fundamentals on SUSHI (very successful fork off of UNISWAP,) feel free to click on some related ideas linked to this post. Thank you so much and happy trading all! Jazerbay 🐶
Long
by jazerbay
29