SUSHI - The better UNI at a bargainWith the hype around 99% community fueled Uniswap fading out, the obv next one to go North is the highly undervalued SushiSwap project.
Basically the very same business model but even better with regards to the variety and capitalizaion of liquidity pools provided.
According to pools.fyi 5 out of the TOP10 are $SUSHI based.
First target in sight at ~2.22, and 4-6 USDT once the downtrend is crushed.
Well, enjoy the ride...
Sushiusdt
SUSHI PRICE IS ABOUT TO RISE WELLIn my previous technical analysis, I noticed that I made a mistake.
Analyzing a project that is still very new on a logarithmic scale can cause errors. So when we convert the graphic to a geometric scale, a much smoother pattern emerges.
Sushi now; perhaps it may be the cheapest level to buy. It can be entered with 25% balance to reduce the risk.
SUSHI - Bounce at $1.3?Sushi continues to dump, as well as Sushiswap liquidity (although much slower).
I expect a bounce at $1.2-1.3, but not sure about opening a position, it doesn't look too positive.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
SUSHI/BTC (Broke Bearish, Retest Swing Low?)BINANCE: SUSHIBTC
-SUSHI broke bearish, failing to hold the key support at 2129 sat
-The trading priority is downward and the target below is the Swing Low at 1132 sat
-If you are looking for a Buy position, wait for the key area to be tested
-Or until the red trendline resistance is broken to the upside
-SUSHI may take 1-2 weeks before we may see a potential trend change or pattern to build-up
-So please don't try to rush in, wait for proper confirmation or good buyback zone
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
SUSHI. 4h. How the price $0.55 is real in the nearest future?SushiSwap hronology. Is likely the meme project that is currently rocking the entire DeFi space. Here, investors can switch liquidity from the Uniswap Decentralized Exchange (DEX) to SushiSwap and profit from it.
3 and 7.09: saw the first security holes and a double-spend bug that retains the right to vote for the tokens owner even when they are transferred.
5.09, SushiSwap founder sells all SUSHI . There were rumors about the anonymous creator of SushiSwap who withdrew from the pool about 2,5 million SUSHI and about 20,000 ETH associated with it and exchanged SUSHI for ETH. There was an additional 18,000 ETH for this exchange, which is equivalent to roughly $13.16 million. As a result, of his actions, to the chagrin of many SUSHI holders, ultimate in a sharp price fall by 88%.
6.09, FTX buys SushiSwap. Sam Bankman-Freed, the managing director of crypto exchange FTX, urged boss Nomi to resign to save the project from collapse. After that, crypto boss Sushi confirmed on Twitter that he had left the management level of Sushi Swap. The exact steps and background to his resignation are unclear, but following the announcement of his scandalous departure, the anonymous founder of the Uniswap fork handed over full control to his high-profile critic, FTX CEO Sam Bankman-Freed , who has now completely bought up the protocol. The price has recovered and is $2.47 now.
Today 10.09 , the DeFi-protocol Sushiswap separated from Uniswap and take out 1.3 billion to its own platform and only 346 million remain on Uniswap.
Hard blow to the "decentralized system"
And icing on the cake.
On 8 September, the cryptocurrency analytical firm Glassnode published a report that relies on mathematical models and assumptions to ensure the stable operation of the platform. This report shows that even the current SUSHI price is overstated and the fair SUSHI price is only $0.31.
Our technical analysis is also based on assumptions, since the trading history is very small and the coin is manipulative. However, using Fibo levels , we agree with Glassnode analysts that if the SUSHI price does not rise above $3.50 in the coming days, then we will have another strong move down to the levels $0.55 and $0.4.
__________________________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier.