Sushiusdt
SUSHI LTF 4h correction?Seems like the bearish divergence on 4h chart is playing out.
The EMA 21 support did not hold.
Overall SUSHI did 100% with little to no correction so I think 30% corrective move is healthy with making HL and continuing with the uptrend.
If we do not make HL and make LL instead or lose $7.5-$8 support, there is a high chance we are gonna revisit the HTF range low (around $6) --> Check out my related idea on why was sushi currently pumping from the HTF pov.
$SUSHI, UCTS printed a 1D Buy signal while testing ~7.2$ area $SUSHI /USD
UCTS printed a 1D Buy signal while testing ~7.2$ area that I identify as a resistance
Volume also looking strong, lets see if it can show continuation..
If manage to hodl/flip, then looking to ~8.6$ as next important level to watch
#SUSHI
SUSHI SWAP Daily TA : 12.29.21 : $SUSHIAs we can see, if the price can break this important range of X-Point resistance, we can expect growth to the levels indicated on the chart.
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👤 Arman Shaban : @ArmanShabanTrading
📅 29.DEC.2021
⚠️(DYOR)
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SUSHI/USDT ChartHi, I try to post often so if you could follow, like and comment your thoughts it would mean a lot.
SUSHI had a good run in the past week, and after having a run from the 5.10$ range to 10$ today I think that the coin will have a correction now.
In the 4H chart we can see a bearish divergence showing up recently so we have a very nice short set-up in the short/mid term. I can't speak about the long term but in the short term I'm preety sure that we will have a correction. A good target would be around the 8.50$ support.
Another bearish factor for altcoins is the fact that BTC just brokedown the 48K zone and the market isn't showing that strenght and confirmation that we need to resume the BTC uptrend. Thanks for your attention and good luck on your trades.
SushiSwap (SUSHI) Buy ZoneSushiSwap (SUSHI) Buy Zone
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BIAS
Mid-Term : Bullish
SUSHI formed bull flag in 1 day time frame and currently retesting below it and we might see a further drop toward the marked support level which is around $5.3
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$SUSHI/USDT SPOT SETUP
Entry Price : 5.05 - 5.4
TP 1 : 5.63
TP 2 : 5.98
TP 3 : 6.8
TP 4 : 7.184
TP 5 : 8.07
TP 6 : 8.482
TP 7 : 9.174
Stop Loss : 4.321
*Stop Loss - SUSHI daily close below 4.321
*Maximum 5% of Portfolio.
*Whenever TP 2 hits, Move stop loss to entry.
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Sushi Can Grow 150%+ vs TetherWe can see the classic "cup pattern" on the SUSHIUSDT chart, this can signal that the trend is about to reverse.
As you can see on the left side, each time this bottom pattern shows up prices tend to grow.
We also have a broken downtrend as we all as increasing volume and bullish indicators (strong RSI).
All these signals support higher prices.
Note: There can be a retrace before higher prices as it happens with the cup & handle pattern.
The targets are marked on the chart.
This is not financial advice.
Namaste.
SUSHI - is going to break this trendline 👀SUSHI has been in a local downtrend for a long time. We now see the price in a trading range between $5 and $6.3 levels. It is very likely that big players are accumulating their positions here. The large volume at the bottom signals this as well. A breakdown of the trend line could be a good buying opportunity. In case the big value area is broken, there could be a trend reversal.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.