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SUSHISUSHISUSHI
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SUSHI

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SUSHIUSD trade ideas

Break down of SUSHI on 1 hour candlesStructure and Price Action: **Descending Triangle Resistance**: The chart shows price facing resistance along the **descending red trendline**, which forms the upper boundary of a **triangle pattern**. Sellers are consistently stepping in at lower highs. **Ascending Support Line**: The price is maintaining support along the green upward trendline, creating an **ascending triangle** structure. This suggests a potential breakout if buying pressure sustains. **Key Consolidation Zone**: Price is consolidating between **$2.10** and **$2.40**, with clear attempts to break resistance. The consolidation indicates indecision but also a build-up for a larger move. **Retest of Order Blocks**: Multiple **bullish order blocks** at $2.10–$2.00 have held as support, reinforcing buyer strength. Support and Resistance: **Immediate Resistance**: $2.40 (descending red trendline and prior swing high). **Key Support Levels**: $2.10: Primary ascending support line. $2.00: Strong structural support aligned with bullish order blocks. $1.80–$1.60: Secondary green support zone below the ascending trendline. Indicators: Moving Averages (EMA 20/50/100/200): Price is above the **EMA 20** ($2.15) and **EMA 50** ($2.16), confirming short-term bullish bias. The **EMA 100** ($2.08) and **EMA 200** ($2.07) are closely aligned, providing a strong support base if price pulls back. Money Flow Index (MFI): MFI is at **60.21**, showing moderate bullish momentum with room for price to move higher before overbought conditions are reached. Stochastic RSI: The Stochastic RSI is currently near **overbought territory** (100.00 and 99.89), suggesting a short-term pullback may occur if resistance holds. However, sustained buying pressure could keep the Stochastic RSI elevated. Volume: Volume remains stable but has declined slightly during consolidation, suggesting indecision. A volume spike on a breakout or breakdown will confirm the next move. Pattern Analysis: The **ascending triangle** pattern suggests bullish continuation, provided price breaks above the descending red trendline at $2.40. Failure to break resistance could lead to a test of lower supports around $2.10 or $2.00. Probabilistic Outlook: Bullish Breakout (Primary Scenario): If price breaks above $2.40 with strong volume, the ascending triangle confirms bullish continuation. Key upside targets: **First Target**: $2.60–$2.65 (next major resistance zone). **Second Target**: $2.80–$3.00 (psychological and prior highs). Bearish Breakdown (Alternate Scenario): If price loses support at $2.10 and $2.00, bearish momentum could build. Key downside targets: **First Target**: $1.80 (green support zone). **Second Target**: $1.60 (historical support and bullish order block). Key Signals to Watch: A breakout above $2.40 with rising volume = **Bullish continuation**. A breakdown below $2.10 = **Bearish reversal confirmation**. Monitor volume during any breakout or breakdown for validation. Conclusion: The chart is consolidating within an **ascending triangle**, with price facing resistance at $2.40. The overall structure remains bullish, and a breakout above $2.40 could lead to further upside toward $2.60–$2.80. However, failure to break resistance may result in a pullback toward $2.10 or $2.00 before the next directional move.
COINBASE:SUSHIUSD
by EncryptShawn
Sushiswap Showing Bullish Reversal SignalsRedefining Decentralized Finance SushiSwap is a cutting-edge decentralized exchange (DEX) and liquidity platform that empowers users to trade, earn, and lend cryptocurrency without intermediaries. Built on Ethereum and expanding across multiple chains, it offers advanced DeFi tools like yield farming, staking, and cross-chain swaps through SushiXSwap. Future Value Proposition As the DeFi ecosystem grows, SushiSwap's multi-chain capabilities, innovative tools like BentoBox (capital efficiency), and community-driven governance position it as a cornerstone for decentralized financial operations. With continued innovation, it’s poised to thrive as a hub for DeFi activity, offering unparalleled flexibility and user empowerment in a trustless ecosystem.
COINBASE:SUSHIUSD
by TradingMula
#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.
BINANCE:SUSHIUSDLong
by PIPSFIGHTER
Sushi Outlook Nov 3rd 2023Ive labeled the chart to help show the tools used to make the projection. (projection not prediction) Orderblocks: Orderblocks are areas where lots of trapped traders were left behind in the past. They represent high traffic areas where price action finds support or resistance. Volume Profile: The volume profile is an amazing tool that lets you see high ares of buying selling for the given range you pull it over. The white line is the Point of Control (the main control price for the traders) Fibonacci Retracement Tool: There's this amazing golden ratio found in all of nature. This tool is built on that mathematical sequence. The 618 level is a strong magnet for price action. Its always a good idea to see where price "could" go next. Watch how price can respect one of those levels in the future. The Projection: Im assuming of course. assuming. Price action can dip down and find support at one of the golden pockets below. If this happens then i believe the move up could then break through the current orderblock traffic areas and find a traffic jam up above to the blue marked target area. Im looking to long somewhere around .88 ish and set a good stop loss. Not financial advise.
COINBASE:SUSHIUSDLong
by Altisona