Sushiusdtsignal
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SUSHIUSDT Reversing from Major SupportSUSHIUSDT technical analysis update
SUSHI's price touched its major yearly support level this week, a zone it has bounced back from multiple times over the last four years. We can expect a bounce from this support level again.
Stop Loss: $0.45
Target :100%-300%
regards
Hexa
#SUSHIUSD 1 DAYSUSHIUSD 1-Day Analysis: Uptrend & Buy Opportunity
The SUSHIUSD pair is currently showing a robust upward trend on the daily chart, indicating strong bullish momentum. Recent price action suggests a solid support level has formed, providing a favorable entry point for potential buyers. Key indicators, including moving averages and RSI, further reinforce the uptrend, signaling increasing buying interest.
Market sentiment appears positive, driven by recent developments in the DeFi space and increased user engagement on the SushiSwap platform. This favorable environment presents a compelling buy opportunity for traders looking to capitalize on potential price appreciation.
As always, it’s crucial to consider risk management strategies and stay updated on market news to make informed decisions.
SUSHI (Crypto SUSHISWAP-USD) SELL TF H1 TP = 0.5175On the H1 chart the trend started on Aug. 27 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.5175
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
SUSHI (Crypto SUSHISWAP-USD) BUY TF H4 TP = 0.7142On the H4 chart the trend started on Aug. 07 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.7142
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
SUSHIUSDT Potentially for a LongBINANCE:SUSHIUSDT broke slightly above the 1.7283 area. With the reversal pattern taking formation, BINANCE:SUSHIUSDT will likely be in for a long position. This does not mean that there may not be some further dips, but with the dips comes an opportunity to buy more.
Past results does not guarantee future results, do your due diligence before taking any trade idea.
SUSHI/USDT Showing a bounce from the support, Potential upward!💎 SUSHI has recently demonstrated significant market dynamics, rebounding from the support area, indicating a potential continuation of its upward movement towards the resistance level around $2.15.
💎 If SUSHI breaks out above this resistance area, it could facilitate an easier path toward reaching our target area.
💎 However, if SUSHI faces rejection at the resistance area, there's a possibility of a retracement to test the support region between $1.65 and $1.45.
💎 When SUSHI approaches the support area, it's crucial for it to bounce, given the area's importance.
💎 Failure to hold this support level could lead to further downward movement, potentially testing lower demand areas. If SUSHI breaks below this support, along with the trendline support, it would confirm a bearish trend, leading to further downward movement.
SUSHI/USDT Could Bounce from the support and break the pattern ?💎SUSHI has recently demonstrated noteworthy market dynamics. It is currently positioned on the support trendline of a Bullish pennant pattern, which is typically considered a bullish pattern.
💎 Furthermore, the daily close shows a hammer candlestick, suggesting potential bullish momentum if today's candle closes in the green.
💎 In such a scenario, SUSHI may climb upward toward the resistance of the pattern in an attempt to break out. A successful breakout probability could lead to a test of the strong resistance area.
💎 However, if SUSHI breaks below the support trendline, it will invalidate the Bullish pennant pattern, and there is potential for the price to move downward toward the demand area at 0.87, initiating a new momentum.
💎 The demand area holds significance as it may serve as a potential bounce point for the price, allowing it to reverse and move upward. Nevertheless, if the demand area is breached, this would be a bearish signal, indicating that the price is likely to continue its downward trajectory, ultimately reaching the strong support area.
SUSHI/USDT Perfect bounce on the support, Could Continue UP ??💎 SUSHI's market activities have recently been under the spotlight. It has shown a remarkable bounce back from its support area, indicating a significant recovery. This upward trajectory suggests that SUSHI could potentially continue to rise and attempt a breakthrough of the strong resistance area, aligning with our targeted projections.
💎 However, if SUSHI struggles to maintain its upward momentum towards the resistance trendline, there's a chance it might revert to a downward movement, returning to the support area to regain momentum.
💎 A critical point to watch is if SUSHI revisits the support area but fails to hold this level. In such a scenario, a breakdown of the support area could occur, leading SUSHI towards the demand area.
💎 Under these circumstances, there's a possibility of an even further decline to the stronger support levels. The market's response at these pivotal support zones will be key in determining SUSHI's subsequent market direction.
📊#SUSHI will continue to rise based on cup-and-handle structure👀When I discovered it, the cup-and-handle structure was already established, so there was a high probability that we would continue to be bullish. The upper target area is worth looking forward to.🚀🌕
⚠️Note that if our bullish defense level is broken, this bullish view will be invalidated.❌
Let's see👀
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SUSHI/USDT Ready to Upward Momentum ??? SUSHI Analysis Today💎 SUSHI has undoubtedly seized our attention with its impressive rally, soaring from $0.52 and decisively shattering the broadening wedge pattern amid substantial trading volume. A successful retesting phase underscores SUSHI's potential for continued bullish momentum.
💎 However, a critical juncture awaits, as SUSHI grapples with a formidable resistance zone. To sustain its upward trajectory, breaking through this barrier is imperative; otherwise, a retreat to the demand zone for regathering strength could be on the horizon.
💎 Should SUSHI manage to penetrate the resistance, the probability could smoothly sail towards its next targets, including the supply zone and potentially even the bearish OB area, with relative ease.
💎 Conversely, a precarious scenario unfolds if SUSHI retraces and fails to hold its ground within the demand zone. Such a downturn would signal a weakening bullish resolve, possibly sending SUSHI into a downward spiral toward its next stop at the support zone. Here, a crucial battle would ensue: SUSHI would need to rally and reclaim lost ground, or risk a further descent into the depths of the key support area, marking a significant bearish shift in its market narrative.
$SUSHI looking like a reversal....BINANCE:SUSHIUSDTPERP - heavy push up and OI spiking to carry through - however hitting 200EMA on 4H / 8H charts > OI petering out.
There is still some pressure to the upside, hence I suspect we can move to the higher blue zone
If entering now set stops above, otherwise mid-entry both zones and review
Sushi great risk/reward spot positionthis is more of mid term play rather than a day trading position.
i am setting orders to buy SUSHI between 1$ and 1.03$ and i plan on keeping it for a at least a few days and that is why i am going to make a spot position and not a leveraged futures position.
i will hold it even if it goes a little under.
technicallly it is time for sushi but also news are coming on the 26th.
also,if the third tap on the support is met,that is huge signal for a mid term buy.
i will keep it at least until price meets the red descending line of resistance or the resistance at 1.17
basically we want it to drop short term so we can buy,and then we need a slow and steady pump.
orange lines are resistance points in case you want to get out sooner.
SUSHI usdt is one of my favoritesi will set an order to go long on sushi at 1.022$ at x3 leverage.
If this order is filled,i will set 3 take profit orders
1.067 4.5% (13.5%)
1.095 7.1% (21.3%)
1.124 10% (30%)
I will cut losses if 4Hour candle closes below 0.995
(i will update here)
This idea is supported by technical analysis
and this week Sushi will announce a new CEO.
also,for the time being BTC will probably bounce around 22k which means most alts will bounce as well
FOLLOW FOR MORE
Sushi forecast and signalPlease pay attention!
First: Trades have a time term , and in this case, it's from now until the next 24 hours. (You can also see it in the diagram)
Second: You can see the entry price in the chart.
So for this one, the trade is activated when the price reaches and crosses $1.520 (USDT)
Before the price crosses the mentioned place, the trade position is not active
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