Sushiusdt
Sushi UpdateNailed Sushi waves this summer but don't really have to be a genius. Set up was clear and easy to play. Now however, I prefer the sidelines and want to see a solid base built up around $12 for a chance to run to $20. If you think it will run, the time to add is now. I still want to see $20 but nobody cares what I want.
I am out of Sushi as of yesterday. However, if I like what I see I will get back in with tight stop losses in place. I like the repeat of the W pattern so if it holds - I am adding. If not, I am ok with good old American currency.
Side note: there are 11K+ tokens, coins, imaginary mediums of exchange and so on. Bitcoin dominance is loosing steam...why? Well you have 11k of other coins that compete. Scarcity is not the reason BTC goes up, make sure you understand the narrative you subscribe to. I am a gambler, not a macro thinker so gamble at your own risk when you read these pajama pants trader posts.
As my friend says "You are just as imaginary and worthless as Bitcoin". Have fun staying rich if you are in it.
I think we are going into a shake out stage of the crypto market and every dip should be bought.
ETHUSDT Technical AnalysisSUSHIBTC
⏳ Spot
💎 SUSHIBTC after the breakout of the resistance will go for a retest and then again will go up. It may go to the Pullback zone before it goes up.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 0.0002495
☕️ TP1 0.0003025
🍺 TP2 0.0003225
🍻 TP3 0.0003435
🍾 TP4 0.0003880
🍷 TP5 0.0004445
🍸 TP6 ___________
🍹 TP7 ___________
🎁 TP8 ___________
🚫 SL 0.0002290
Good Luck 🎲
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SUSHI/USDT This currency has a bullish momentum.
My opinion is that after returning to the $ 12.2 level and forming a head and shoulders pattern, it can grow at least 15 to 20% with an uptrend.
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SUSHI Consolidates Within Ascending Channel, Bulls Eye Break -SUSHI has risen over 30% the last week
-Price has been respecting an ascending channel
-75MA will act as support if necessary
Sushi Swap experienced great hype in the earlier months of this year but has since fallen a bit under the radar. Its main competitor, Uniswap, has still been holding well throughout the market as platform visits have been increasing over the last month. Since BTC has broken out of its $40,000 resistance, many alt coins have been surging off their lows. SUSHI has been attempting to break free from a major resistance zone over the last 3 days but has fallen short. If BTC can gain its footing soon we should see SUSHI above $15 in no time.
Since the 20th of July, Sushi Swap has been in a healthy uptrend. Price has been supported within an ascending channel as each time price touches either trend, it gets rejected to the opposite trend. For SUSHI to experience a strong breakout, price must break & confirm its major resistance zone found from $13.39-$14.24. If bulls manage to pull this off, we should expect price to rise to at least $15.59 & potentially $16.58. If price manages to break & hold the top trend of the channel, SUSHI will go parabolic.
At the time of writing, SUSHI is holding the median line of the channel. If at any point bears assert their dominance & Sushi breaks below this trend, we should expect price to fall to the bottom trend of the channel. Along with this median line lies a near 3 month trend line that has held price down from a bullish trend. Just 2 days ago, bulls managed to break this trend line and have since been able to hold. Breaking both of these trends will likely result in a minimum -5% downfall. In this case, Sushi Swap will likely find support at $10.63.
While looking at the Stochastic RSI, we can see how strength reset to the oversold territory. As long as strength manages to break out of this zone, this is a good sign that SUSHI is regaining strength for its next upward push. The RSI has been hanging out above the 50 value for nearly 9 days. A strong push into the overbought territory is needed for SUSHI to break out of its major resistance zone. If at any time strength breaks below the given trend line, expect price to start some type of downtrend.
SUSHI Intraday Analysis
Spot rate: $12.85
Trend: Bullish
Volatility: High
Support: $12.02
Resistance: $13.39
Sushi 🍣At the time of analysis, the conditions were very good for growth
Now has reached 40% profit
It has tough resistance in this area
By creating a positive atmosphere in the market, it is possible to break this resistance
Otherwise, It may fit in these prices
And start regrowth by gaining energy
Reaches the next target in the coming days
SUSHIUP Binance BUY at $0.089Like what I see on the weekly chart of the underlying asset (SUSHI) so I opened a trade in Binance yesterday. Bought the SUSHIUP contract at $0.089. Let's see how it goes!
sushiWhat Is SushiSwap (SUSHI)?
SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.
SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.
SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.
BUY SUSHIDOWNBuy: 0.003 - 0.00325
Stop Loss: 0.0028
Reason: retest of trendline and proprietary buy signal