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SUSHIUSD

Sushi Prints Massive Descending Triangle Pattern-SUSHI dropped nearly -25% the last week -Price is hanging on to major support zone -250MA has held price down for 2 months Sushi-swap was full of hype a few months ago as the interest in using a decentralized swap skyrocketed. Price also followed as it rose nearly 5000% in a short 5 month period. Price started to turn around as BTC was flattening out around $60,000. Ever since then, SUSHI along with the majority of the cryptocurrency market has been in a strong downtrend. A newly formed price pattern may give a hint of when the next trend may begin. Sushi has formed a near 2 month long descending triangle which is shown in light green. This pattern is generally a bearish one but does sometimes break to the upside. At the time of writing, Sushi is hanging on to its last major support zone at $6.00-$6.55. If bulls fail to hold this mark, sushi will fall hard. At that point, price would have broken to the downside of its descending triangle and would likely visit levels of $5.57 & $4.88. Sushi-swap has nearly 9 days until the very end of its descending triangle formation. For a bullish breakout to occur, Sushi must first break & hold the major resistance found at $7.11. If this is deemed successful, price will then retreat to next major resistance at $7.76. This is where bulls must battle hard as the 250 MA also lies right near this resistance. As this MA has held price down for 2 months, breaking & holding above this mark will likely send Sushi to its major resistance zone near $10.00. While looking at the Relative Strength Index, we can conclude the RSI is having a hard time at staying above the 50 value. Anything above this value is considered bullish and it must hold above this to see a strong revival. The Stochastic RSI is hanging out in oversold levels. This is the area where the largest price drops occur so strength must bounce above 20 very soon or Sushi is in for another tumble. Sushi intraday levels Spot rate: $6.67 Trend: Bearish Volatility: High
 Support: $6.57 Resistance: $7.10
by CoinGape
1
(Update) SUSHI is still in a falling wedgeHi every one SUSHI/USDT SUSHI/USDT is still in a falling wedge.but there is a regular bullish divergence on MACD (+RD) which means a huge pump can happen to this currency. We just have to wait for confirmation (upward breakout). Previous Analysis Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
22
Sushi can increase from this point!Hi every one SUSHI/USDT SUSHI has a lot of bullish signs! as you can see the price is in a Falling wedge which is a Bullish Pattern! and also we have a Regular Bullish Divergences (+RD) on Both MACD and RSI ! also the MACD line is about to cross the Signal line upwardly which is of course another bullish sign.all these signs makes us think that Sushi can Increase but only after It breaks the wedge pattern! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
21
Sushi (SUSHI) - June 17Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (SUSHIUSD 1W Chart) We need to see if we can hold the price above the 7.0498946 point and continue the uptrend. If it goes sideways in the 10.8528552-17.3510977 section, it is expected to lead to a large uptrend. (1D chart) It remains to be seen if the price can sustain in the 7.9443046-11.6706336 segment. In particular, we should watch to see if we can move up along the uptrend line. If it goes down, you should check to see if it finds support at the 6.0811401-7.9443046 zone. As long as it does not fall below the downtrend line, an uptrend is expected. To convert into an uptrend, it needs to move above the 10.8528552 point and find support. However, if you do not deviate from the two downtrend lines, you should trade conservatively as there are restrictions on the uptrend. If it fails to break above the 10.8528552-11.6706336 section and falls, it is expected that the downtrend will continue, so careful trading is required. ------------------------------------- (SUSHIBTC 1W chart) It remains to be seen if the price can sustain above the 0.0002254 point. In order to continue the uptrend, we need to watch if it moves along the uptrend line. (1D chart) It is important to keep the price in the range 0.0002248-0.0002796. If it continues to fall, you can touch the 0.0001425-0.0001699 range, so you need to trade carefully. It needs to find support at least above the 0.0002486 point to turn into an uptrend. However, if it does not rise above the 0.0002796-0.0003070 section, it can maintain a downtrend, so careful trading is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:SUSHIUSD
by readCrypto
1
SUSHI(USD) Technical Overview ~Update~ DUMP, then PUMPHello! This is an update on SUSHI-USD (SUSHISWAP🍣) I am expecting a down-wave before we see more pump.↘↗📈 (I am looking to buy at approximately $9.3) SUSHI is fundamentally extremely strong especially now that it has teamed up with POLYGON (MATIC) network about 2 months ago. Let's see where this takes us! If you would like more fundamentals on SUSHI I have attached some other relevant ideas to this post. 🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs, major trend-lines, etc.. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, always welcome. Thank you so much! Jazerbay 🐶
BINANCE:SUSHIUSDLong
by jazerbay
39
SUSHI/USD - A new ATH in the pipeline, $24 to be retested! 🚀SUSHI has pushed higher today with a massive 30% green candle. At this rate SUSHI will soon reach its old ATH at $23.5. If the momentum and volume continues to build up here, we are likely to crush this resistance and move higher. Such an event will take SUSHI back into price discovery = massive pumps to be expected. The indicators are bullish and this increased volume on this pump is a very positive sign! But watch BTC and ETH (ideas below), they are turning bullish right now and if that is confirmed, SUSHI and most of the market will pump higher, in this case SUSHI will pass the $24 price level. Chart is bullish and looking great, SUSHI recovered almost all the losses from previous month. Bias - very bullish. Most DEFI coins are getting a lot of cash influx into them right now. Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Long
by DU09