SUSHI - Still Bullish! (As you asked)SUSHI is going through some correction but it's still in the bullish channel.
There are both Fib and Dynamic supports on the way down (around the area on the chart).
If you're into opening long positions, wait for the price to cross the resistance area and then after the first confirmation, you can open your positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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SUSHIUSD
SUSHIUSD: 1D Takes a licking and keeps on swimmingAs above.
Watch this coin. Has had good volume build-up this month of May while other coins have followed the BTC decent into the bearish abyss.
Has to retest and break above the low $18 resistance which has proven strong!
Can see this coin trying to hit the $20 range if all goes well in the near term.
Good luck traders!
SUSHIUSDT Resistance BreakoutSUSHIUSDT(1H CHART) Technical Analysis Update
Resistance Breakout
SUSHI/USDT currently trading at $18.20
Buy-level: $17.85 - $18.20
Stop loss: Below $16.85
Target 1: $19.00
Target 2: $20.00
Target 3: $20.75
Target 4: $21.75
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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Sushi: Back into Channel (12/5/2021)Kopite Analysis Daily: 12th May 2021 — SUSHI/USDT
Welcome to the Kopite Analysis! Today we’ll be sharing an important pattern related to SUSHI.
At the beginning of the 2021 bull run, SUSHI quickly went up and soon formed a strong ascending channel. However, recent dumps have seen it fall below the lower boundary into 16- levels.
Today and at the time of writing, SUSHI trades at 17+ levels and is set to push back into the channel eventually. If it does go back into the channel, we may see it go all the way to the upper boundary, where SUSHI will set a new ATH.
Should the test of the lower boundary fail, SUSHI may head back to 15- areas.
That’s it for this post :) happy investing!
(NFA, The Above Is Not Intended To Be Financial Advice. Use Charts at Your Own Risk.
Sushi - Waiting for the setback. - 4hrs - LONGSushi broke a very very strong bearish resistance. But it took off very strongly. That is why I prefer to wait for a pullback before entering.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER.
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Great buy opportunity in SUSHI🚀Hello guys
As we can see price price brokeout from an Ascending triangle and now forming Falling wedge which is a Bullish indication if it breaks it.
- Wait for the Candle closure above the wedge or buy at retest of the Ascending triangle.
- Put your Stop Loss below the breakout candle or green support area.
- Take Profit:
1- $17.70
2- $20.85 or Trail it with a Trailing SL.
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SUSHI/USD possible breakout incomingOther DEX's are running; see UNISWAP.
Expecting a small pullback if ETH and BTC retrace a bit after the weekend run-up. SUSHI has some support levels at ~12.60 and ~13.60. I'm laddering into SUSHI in 2 tranches: 50% at spot price now, and another 50% at one of the support levels.
Planning on taking back my cost basis as it runs up to the short-term price target and I'll sell off a 100% cost basis at the longer price target.
PT Short Term: $20 - $22
PT Long Term: $28-$30
End result: Moon bag of SUSHI.
SUSHI FUNDAMENTAL DRIVER! (Hopefully UP AGAIN!) YumHello there! Don't mind my weird drawings again 🤪
We have seen a BREAKUP⏫ from an important resistance-zone at ~14.3, that was built up over the last month or so.. Nice!!
SUSHI-SWAP, along with a few other tokens, was just listed TODAY on GEMINI exchange(Number 1 trusted crypto exchange as some say).. 🆗👏👏👏💲🏁🏁🤩
IMO we have seen one H&S ( as drawn XD) above, and now we are entering our second H&S for a nice upswing to our best case scenario target at approximately 💲18.5 dollars through mid MAY 📆📌📅
This could make for a NICE bull run!🍤🐮🍣⏫
Let's take a look at SUSHI fundamentals from previous idea before you are convinced SUSHISWAP go LONG 🏁🏁
👇👇
What is SUSHI🍣?
-It is a decentralized exchange (DEX), that was created to expand on the ideas of UNIs vision. SUSHI believes in straying away from KYC , less KYC = less control. This is what we want going into 2021 am I right🤔😄💙?!!
-SUSHI is inflationary, meaning eventually the value of holding a SUSHI will not be as great as it may have been years🕘 ago..
- However, since this token is still just getting started, and has not even come close to reaching its coin market cap, we have a long way to go and much potential profits🤞💲, to be made.
-🍣SWAP runs off of liquidity pools, and also they use AMMs (Automated market makers), meaning investors earn the token from depositing ETH into SUSHI's liquidity pool.💲🤞🌊💧
-SUSHI was founded just last year AUG 2020, and started strong. Shortly after the kickoff ⚽🏃♂️, the original founder🐼 decided to withdrawal 14 Million 💲 in September of 2020.
Now, in April 2021, not only has SUSHI 🍣 fully recovered😄, we have reached a new ATH! WOW👏. SUSHI now has new leaders, and is going strong, teaming up with POLKA DOT creating a cross-chain DEX, among other networks SUSHI is getting involved in, so that it can keep going strong💪.
Swap has great potential into 2021. Since COINBASE is about to go public, more independent, tokens such as SUSHI🍣 are going to be the shining stars⭐🌟, of the decentralized finance (DEFI)📲💲, world🌎😄!
Remember, SUSHI is run through ETH, so they will be correlational to a certain degree.
Invest wisely! The market is very volatile and can be dangerous..
Always have a stop loss ✋🛑, set.
Any questions🤔, thoughts💡💭, happy😃, sad😢 like or dislike 👍👎 in comments below! Thank you so much!
🛑🛑🛑This is not financial advice🛑🛑🛑
Always have a stop loss ✋🛑💲 set please!!!!!
Thank you so much!
Jazerbay ☯
Potential for SUSHI to Push Up in the Near TermThe use of the Phoenix Ascending indicators and Bad Ass Bollinger Bands (BBs) to predict the SUSHI USD price in the near term (1D-4D). Please note that the Phoenix Ascending indicators and Bad Ass Bollinger Bands are freely available. Please see publications by @WykoffMode to learn how to use and interpret these indicators. As illustrated in the chart, the white energy (WE) in the 1D may have reached an apex and may start to exhaust and cross down below level 50 by May 6. The green exponential moving average (EMA) might be crossed by the red stochastic relative strength index (sRSI) by May 5. The blue least squared moving average (LSMA) may continue to increase in the near term (1D-4D). The bodies of the daily candles for the SUSHI USD price might be observed in the white-aqua upper BBs (within the white colored rectangle in the chart; price range = $15.97-$16.01). This is not financial advice. I am not your financial advisor. This is my opinion.
SUSHI/USDT is on verge of descending and ascending!Hi every one
SUSHI/USDT
SUSHI/USDT has been in a descending triangle for quite some time! the triangle has broken downward and the pullback to the triangle bottom line has been done which means the price is ready to continue the bearish movement as much as the measured price movement(AB=CD) but there are some signs that might make the price move the opposite of what we expect! as you can see there is Hidden bullish divergence (+HD) on MACD and the MACD line is about to Cross the Signal line upwardly this means there is a Chance that SUSHI would increase and break the descending triangle pattern and start a strong bullish movement!
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