SUSHIUSD Potential Up Channel SUSHI has potentially bottomed, within the red zone of the cloud indicator
Using this we can plot an upward parallel channel with these two points
Im not sure if the 1,2,3,4,5 is correct Elliot wave, but it is a great way to visualise the price movement
Buy the dip scenario
Sushiusdt
SUSHIUSDT : 12.12.2021 : $SUSHI The price is in an Potential Reversal Zone (PRZ) that we can enter the buying position if the downtrend breaks .
The targets will be as follows :
☑️ TP1 : 6.30$
☑️ TP2 : 6.91$
☑️ TP3 : 7.60$
☑️ TP4 : 8.25$ (Important Volumetric Resistance)
☑️ TP5 : 13.45$ (For Holders)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 12.DEC.2021
⚠️(DYOR)
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Correction for SHUSHI not done yet.Weekly TF SUSHI corrections is not done yet but are very close to . There are still some supply around and expect the price to breakdown below $5 again and start moving sideways.
I am neutral but would definitely look to enter SUSHI below $5 as this price is extremely delicious in the long run.
For those who are starting to look at SUSHI right now, great timing there is a chance of 4X in the longer run.
Please show your support by giving a like and follow. If you have different opinion, appreciate for your constructive view.
I may do charting upon request
💡SUSHIUSDT ANALYSIS 💡Hello Friends
When we look at the chart in the daily, there is a shark bull formation formation.
It is very risky to enter the trade before the voluminous momentum comes. Risk money management is very important in such transactions.
There are technical levels on the chart.
TP1:9.8
TP2:11.73
TP3:15
Trading entry level: 6.46 (at the closing of the daily candle)
Stop loss: 4.86 (based on my own money management)
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Bull Shark Pattern ( Bullish Shark Pattern)
EU foot, OX foot on the 113% - from 161.8%
prolong BC feet, OXI foot of extending to beyond the far 113'ü% OX foot
BCR foot of the AX 161.8% - is an extension 224'lük%
OTHER harmonic models on the contrary, transactions are entered as follows: Destinations can be 61.8% of BC with
incoming stops at 88.6% of entry OX and point C
SUSHIUSDT , The price it can go to touch PRZ levelHello guys
According to the analysis, the price is in one the good support zone and if the price is not supported in here, the price can drop more and in one of the PRZ level that we shown the correction it can finish and the movement that we draw can be happen from each of that PRZ level
Previous analysis :
Good Luck
Abtin
Are we headed to $12? Part 2Similar to the SUSHIUSD price chart. The SUSHIBTC price chart looks like is in a bull flag pattern. Assuming that SUSHI gets to the the top around mid January a $12 SUSHI and .0002267 SUSHIBTC would place BTC price at around $53k (Extended cycle? BTC oscillating around $50-$60k for the next few months?)
At the end of the day the main point of these charts are to identify a trend. For a while it looked like the SUSHIUSD chart was in some type of pennant which is why I believe us HODLers where shocked once it broke down. Assuming we are still in a bull market I think the high $4s-low $5s are a solid short term bottom. If the channel plays out look for the top of the channel to take some profits.
Are we headed back to $12? Part 1My bull case scenario for Sushi places us at the floor of a bull flag pattern. Assuming a continuation of the bull cycle I believe we could be headed back to $12ish in the next month or so. The measured move out of an upside break would place us around $34 with a potential move to the 1.618 fib at around $39.
I think it's also possible we head back down to the bottom of the channel at around $3.70. Depending on what the market looks like once we hit the top of this channel it may be good idea to take some profits then.
BTC Strongly Bearish Scenario - Short!Hi traders!
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The token ETF I've bought in a BTC bearish scenario Is SUSHIDOWN.
Takes It in perspective always on a strong downtrend.
As you can see on the chart in a white-line we've the comparing of the price action of SUSHI. So, that's da m#th*f@k intelligent and safe way to avoid the risks of futures market w/ a moderate leverage.
I'm in! And we can expect big profits!
Thanks for yours attention! Good trade! ☕
Sushi 10x from here?I based my Fibonacci levels on the highest wick before we entered a bearish wedge and the lowest weekly close. Sushi was strongly supported previously at the .382 level around $6 and recently wicked all the way down to the .236 level at nearly $4, which I would suspect was a really great buy. As of writing, the market cap/total value locked ratio is .126 which shows that its extremely undervalued. In comparison, Uniswap’s ratio is 1.09. Anything under 1 is generally undervalued. Uniswap has a little under $10 billion locked in while it’s younger brother Sushiswap has a little under $6 billion locked in, however their market cap sits under $750 million right now which is only 7% of the market cap of Uni.
Plus, this looks like a bull flag and sushi will be dropping an NFT platform which gives it links to the metaverse and other possible good news. And since it’s a fairly new coin, we are likely to enter a third wave if we break out of this bull flag, which is generally the biggest.
The whales are eating up all the sushi at low prices. I think we’ll see resistance at $16 if we bounce but my target sells are $42, $58, $67. DYOR but if btc goes over $100k this bull run we should see new all time highs for Sushi.
Last time SUSHI went 47x from hereThe last time SUSHI was at these level in both the RSI and MFI it went up from about .50 to $23.5 (47x). I doubt that we will see the same returns this time around but AS LONG AS we continue in a bull market I think we could hit the 1.618 fib at about $34 (4.5x from here).
SUSHI - time to buy?SUSHI has broken the trend line and is now in a trading range between the levels of $8.2 and $7.2.
In the event of a breakout of the upper accumulation or a retest as support, there could be a good buying opportunity.
It should be noted that bitcoin and the whole market is in a tense state right now, so strictly follow your risk management!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
SUSHIUSDT , Our 1st tp reach are u ready for 2nd ???Hello everybody
Everything is shown , dont need any explain
According to our last analysis exactly our buy zone activated and the price reach to the first target and now the other target is shown on chart that is on way of the price
Previous analysis :
Good Luck
Abtin
SUSHIUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market and lower
target: 12.5 - 15.5 - 19.5
after first target reached move ur stop to breakeven
stop: ~im w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
SUSHI/USDT TRADING PLANNING FOR SPOTSUSHI/USDT
Ideas plan for sushi
We can wait after retest done, and buy on weakness
or wait the confirmation from breakout
Trading key is the patience, dont be hurry
Hope you guys get something from my chart
Thanks for the support
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