Sushiusdt
Sushiswap: Good Chart, Dicey TechnicalsHey everyone,
So Sushiswap I entered to take advantage of this giant W pattern on the weekly, which should retain the 0.618 fib level and teleport to $16.74; current gain of 64%.
The technicals though look bleak, with 0xMaki leaving his leadership position of Sushiswap, the man who took Sushiswap from a rug pull to a real Uniswap competitor, I think alone has dissuaded a lot of retail investors.
There also is a second issue of a “$1b bug” which a white hat hacker gave to Sushiswap, only to be rejected by the devs.
There was the Miso hack of $3m dollars as well, although fault of the auction contract, still reflects on Sushiswap.
I also am not a fan of the $12.6M given to Celo for liquidity provider rewards, but that’s a small amount given Sushi’s TVL.
Sushi does have some very strong attributes going for it. With Arbitrum and Optimism being the clear next goldmine in crypto (L2), Sushiswap was one of the front runners on Arbitrum, which as we’ve seen with DyDx, L2 can bring a lot of money upstream, fast.
MISO has grown into a very lucrative and successful launchpad, with many launches of successful projects under its belt.
Sushiswap also has been the clear winner in the AMM arena in going multi chain, but very obviously has slowed this effort down and lost on a lot of revenue with its lack of support for AVAX and SOL. With JOE on AVAX gaining huge value and being nothing more than a Sushiswap fork, this was a clear loss on Sushiswap’s part.
Point being, chart looks good, but is this bad news and lack of fast innovation Sushiswap used to be known for the reasoning behind it falling behind the pack?
SUSHIUSDT signalHello friends.
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Everything on the chart.
open pos: market
target: 16.2 and 18.2
after first target reached move ur stop to breakeven
stop: ~0.38 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3+
Good luck everyone!
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It's not financial advice.
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SUSHI - is going to break this resistance 😱😱SUSHI approaches a key level. With price forming higher lows and squeezing, this is a good signal for a breakout and continued gains.
Buy after a breakout or retest.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
(UPDATE) SUSHI has confirmed a Bullish Run Up to 13$!Hi every one
SUSHI/USDT
This is an Update on the last analysis on SUSHI! as you can see the bullish Break out has happened so It is safe to say that It can reach 13$(as much as the measured price movement!) The Price might wanna Do a Pullback Before ascending Further!
Previous Analysis:
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
₿ SUSHIUSDT 1D ₿ : 16.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, be free to ask .
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 16.Oct.2021
⚠️(DYOR)
SUSHIUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
(Update) Sushi is ready to Ascend!Hi every one
SUSHI/USDT
SUSHI has broken out of the falling wedge strongly so there is a great chance that the price would Increase at least to the top of the Wedge pattern once again! there is a high chance for a Great bull run from this point!
Previous Analysis
Thank you for seeing idea .
Have a nice day and Good luck
SUSHI on the verge of 7 and 13$ !Hi every one
SUSHI/USDT
SUSHI has formed a Symmetrical Triangle! this pattern Can Increase or Decrease the Price of SUSHI depending on the Break out which is gonna happen soon! but there is also a bearish sign visible on MACD! as you can see there is a chance that a Bearish Cross happens on MACD.(MACD line is about to cross The Signal Line Downwardly.)
This can mean the chance of seeing SUSHI at 7$ is Higher than Seeing it at 13$! But only time can tell what is gonna happen.
Summery:
-SUSHI's Symmetrical Triangle can Increase or Decrease the Price!
-Bearish Cross on MACD!
-higher chance to reach 7$ than 13$.
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
$SUSHIUSDT: Potential uptrend signal hereIf we get a breakout, we can go long $SUSHIUSDT here, with a decent reward to risk, signal could trigger during tomorrow onwards. I'll update it once it kicks in.
Strictly technical trade here, I don't think it's justified to expect a longer term move in altcoins here, $BTCUSD's 2 week timeframe signal is a much better candidate for that, but we could get a short term rapid rally here, and the stop loss is tight, once it is active.
Cheers,
Ivan Labrie.
SUSHI ab=cd pattern#SUSHIUSDT
$SUSHI hold above ascending support, also broke out from a descending resistance and pull back to that, it seems to me price will head up to complete AB=CD pattern, so target can be around $27.
but if price close a weekly candle below ascending support line, this scenario will be invalid.
SUSHIUSDT Retested downtrend line!/TSBYBIT:SUSHIUSDT
4H trend chart
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Currently, price has built higher lows and just retested the downtrend line.
Also, these lows formed on Support zone, Fib(0.382) and Fib(0.618)
With obvious support signal, trading strategy as below.
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Profit Targets:
a) 12.921~13.303----Fib(1.272~1.382)
b) 14.123----Fib(1.618)
c) 15.450-----Fib(2)
Stop losses:
a) 9.885----Red horizontal ray
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!