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Sushiusdt

SUSHI/USD - Aiming for $14 then possible correctionSUSHI is quickly moving up towards $14 which I expect to give us some resistance and possible push us lower before the uptrend continues. SUSHI and UNI have continued to grow without interruption for over two months now. When will this bull run end? As long as this ascending channel is not broken, we're good to go higher. The indicators show we have a good chance to reach $14 before a cooldown can take place. Resistance and support on the chart. As long as this bullish momentum is maintained it is probably unlikely we will drop to $9 as bulls will aim to front buy SUSHI. On larger timeframes like daily/weekly we appear to be overbought on RSI, but MACD shows no reason to be concern as the momentum is strong and we continue to tick higher on the MACD histogram. Like and follow if you liked this idea!
Long
by DU09
2
SUSHI - 4h. Below $ 7 sellers will seize the initiative.The active growth trend, which began on December 30, 2020, does not leave the SUSHI market . In a certain fixation of the price above the mark of $2.4 gave all investors + 230% at the moment. On January 11 and 22, buyers showed a trend line that they are willing to keep to continue the growth trend . However, on January 24, the price of SUSHI failed to test the upper trend line of the growth channel and met with aggression from sellers. Buyers managed to test the mark of $10, but since then the initiative is in the sellers. The critical point for the continuation of the growth trend is at $7 . It was after the unsuccessful fixation of this mark in the period from 16 to 19 January that the correction in the SUSHI market began. In addition, the lower trend line of the growth channel passes near this mark. If sellers manage to break this mark - the price will quickly drop to $6.23. To continue the growth trend, in addition to keeping the $7 mark, buyers need to hold above $8.6. These marks must be taken into account for the distribution of the deposit (if you are interested in this coin). ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
8
SUSHI / USD - To $9 and beyond, ATH under attack!SUSHI has done the impossible. Rallied 18x from it's bottom to be so close to $9 again. As you can see, SUSHI is approaching it's previous high, as measured by daily resistance line. Therefore I expect some reaction around that price area. We may shoot higher of course and do a new ATH, but that will come later. The market continues to be very bullish. We may end up with SUSHI doing an ATH and a bearish divergence on daily RSI. But that is speculation. For now, the path higher is quite clear. Going long now is not ideal as you should have bought one of the support lines on the chart. Therefore, I suggest waiting for a better entry when we correct or touch support again. Nevertheless there is still at least 10% gains possible until we reach $9. Like and follow if you liked this idea!
Long
by DU09
6
SUSHI/USD - Refueling before $9!SUSHI has reached quite an unexpected price in such a short time! Almost $8... after an amazing run from .50 cents! Congrats to anyone that held until this price! If you are looking for the next possible target, then Sushi may attempt to reach its previous ATH levels at around $9 as indicated by the daily resistance line. Therefore, if this correction is not sustained, we should find support at $6 or $5 after which price should resume it's ascending move. However, there are some signs of concern with MACD on daily ticking lower on the histogram, indicating momentum may be fading, at least for now and RSI is turning down. If we fall below the $5 level then I would be concerned and turn bearish as that would indicate we may have made a local top and price will take time to recover back. The current drop was triggered by ETH being rejected from ATH level, but it may quickly recover at which point the market should resume its up-trend. So keep an eye on ETH. Like and follow if you liked this idea!
Long
by DU09