Sushiusdt
SUSHI - 4h. The growth potential ends in the range of $19-20It took SUSHI buyers 8 days reached the target of our previous idea :
A new wave of growth began after the test of the lower trend line of the SUSHI channel.
Low volumes during the attempt to break the trend line of buyers gave rise to a new wave of growth. From January 27, the price of SUSHI increased by 89%.
Now buyers are trying to gain a keep above the black trend line, which has slowed growth in the SUSHI market since January 25.
Consolidated above this mark and the range of $12.15-12.83 - buyers will continue to grow to $19-20 . The strong trend on the SUSHI market, supported by high trading volumes, may continue without correction.
An alternative scenario is to lose the range of $12.15-12.83 . In this case, buyers will show weakness and we will expect a test of $9-9.8. In this range, it will become clear whether there are any buyers left in the market to push the price up.
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Bullish long on $SUSHI for a target of $40 Super Algorithm is still showing bullish and is producing a current green bar. If one has used the indicator, one would have unrealized 1072% non-leverage profit by now, as shown on the chart.
The FTX:SUSHIUSD has just passed the 50% fib area. It is a significant milestone. It quite often indicates price can and likely reach ATH in the long term.
As you can observe from the below chart, the $SUSHI price has created a good demand zone. I am putting the stop loss just inside.
Price going up when the parabolic SAR is going up is bullish. It is observed currently in the $SUSHI daily chart.
Currently, the $SUSHI daily price is at TD Sequential 5. I mean, there may be another four price rise day.
The $SUSHI daily chart is showing a higher high- higher low bullish pattern.
Ichimoku is strongly bullish on $SUSHI
Reasons:
Chiku is above the price & green cloud.
Price is above tenkan (red line). Tenkan is above kijun (blue line). Kijun is above a green Kumo cloud.
There are no tall structure in front of the Chiku.
Price has already retraced and bounced from the Tenkan and Kijun, finishing its retrace. It is not on its mission to hopeful $40 someday.
There is a squeeze (the red square marks) on the $SUSHI price right now. It means a big move is imminent.
SUSHI SWAP🍣 LONG ⏫Hello traders and investors!
Above I have detailed 2 scenarios, as we reach the end of our descending triangle/ channel shape.
In the pattern we have seen price action hit a bottom and top 4 times on a 4 hour chart💹.
We have just completed what looks like a large head and shoulders, and instead of going down⏬, we see bullish movement.
I will be waiting for a confirmation correction to buy in, but I will NOT overlook this token, here are some reasons why
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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,
Jazerbay 💕
video for reference
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www.youtube.com
SUSHI.UST (Y21.P2.E1).Showing strength.Hi Traders,
Sushi is currently in a formation that is likely to break to the upside.
There is no business case on such a formation without a bullish div. and we have one on the 12 hrly.
So, finding your entry can be 2 fold.
a) trade the breakout which has its own risks (false breakout)
b) buy in the lower time frames where it makes sense on what you observe.
As for macro targets, I'll update this post when it breaks to the upside.
All the best
S.SAri