SUSHIUSD trade ideas
SUSHI: Falling Wedge - Dip + Buy - Target $30SUMMARY: Anticipate a final dip before SUSHI looks to hit $30+ price target. (bullish for the next few days)
-- Technical --
End of April there was a sharp correction and SUSHI has been in a consolidation period correlating with BTC.
We have a falling wedge, looks like moment will carry SUSHI outside of the wedge before reverting back down.
MACD daily shows up moment slowing and reversal coming. (bullish for the next few days)
RSI 1D support continue up moment for the next several days. (bullish for the next few days)
-- Fundamentals --
Mkt Cap is $2.5bn and could see Sushi achieving a $8bn mkt by the end of the bull run. - very bullish
We could see a 4x (ish) growth in SUSHI token value for 2021.
$$$ Happy Bull Market Alts season is here $$$
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, have I got it right? Let me know below.
#SUSHIUSD #SUSHIUSDT #SUHSIETH #SUSHIBTC ://da cross chain go toman wish i had time to day trade because she has been a scalpers etc dream. regardless look at this 1week chart and tell me that doesnt look strong
many trend lines r converging on the 1day and 4hr _this is great consolidation and probably the rite time to start building that suchi position back up a bit. i would wait a bit b4 any serius perchases due to this on edge market which i will explain the play by play tonight.... hodl on n stay strong but in the end this is a much needed cool off period.
$SUSHI is Swimming south for nowLooking at the 4 hr timeframe...
COINBASE:SUSHIUSD appears to be in an overall Bullish Long channel;
however, for now, the Bears appear to have taken over.
Very similar bearish channel as seen from mid-April.
Will we see a bounce of recovery in the Bullish channel or will the aggressive pullback continue for a few days until the $11.50 support level
or will it break further to sub-$10.50?
For entertainment only; not financial advice.
SUSHIUSD: 1D Takes a licking and keeps on swimmingAs above.
Watch this coin. Has had good volume build-up this month of May while other coins have followed the BTC decent into the bearish abyss.
Has to retest and break above the low $18 resistance which has proven strong!
Can see this coin trying to hit the $20 range if all goes well in the near term.
Good luck traders!
#SUSHIUSD #SUSHIUSDT #SUHSIETH #SUSHIBTC ://da cross chain go tocrucial time and spot for SUSHI to pump this is very bulish chart wise...
REMEMBER :// _sushi is uniswap code that went thro some fud than changed hands ie YEARN team baught it and built it out to be a cross chain luiqidity option for all their defi projects n in general. as we we seperate block chains like matic BSC ethereum all combine and build as we intagrate layer 2 cheep gas tech its going to be about who can keep up and adapt with this space. yearn has shown time n time again they understand the pulse of this ecosystem (see WOOFY) so def pay attention even tho they got a bunch of lame food names this team dont stop n is always grinding
great buy da dip op, at least for the next bit unless we really see the market dump this week which is beciming less n less likely as people ape around with their new Millions from dog n meme money.... lets see what happens
This is why I like projects that in general are always adapting, upgrading, n just generally trying to evolve with this ever advancing crypto ecosystem. As layer 2 gains momentum and gets built out_ more n more user friendly esp cross chain swaps etc etc (see clover) We look for projects that seem to keep up. By this I mean when ZKswap n matic n Binance smart chain n any other layer 2 or cheep gas solution pops up look to see what tokens or alts are getting liquidity to these trading pairs on these newer cheep to free swap eco systems. When ZKSWAP started doing its thing the first tokens you could trade in ie liquidity there to swap without massive slippage (ie loosing 5 to 90 percent on swap depending on liquidity situation and size off swap) where UNISWAP_UNI AAVE SUSHI SNX AAVE REN then we saw OKB HT MKR YFI BADGER LRC MASK DODO N WAITING ON GT CREAM ALPHA RUNE LINK BNB N MOST RECENTLY AKITA SHIB
As we try to get away from alts over these next few months and more and more back to eth n btc adding to our algo ada cel swap avax aave etc bags leave and stake stuff is ideal ALGO in algo wallet being my fav
SAKESWAP is trying to be a AMM DAO type futures platform on the BINANCE smart chain
DOT has an event on the 19th with KSM n in general this new project called PINK NODE that is supposed to be able to help organize luiquidy and alowe these parachains to talk and work together
AVAX or AVALANCH is making stable coin real world moves into the crucial under repp’d fiat on n off ramps like paypall and everything they work with n own. Look for an avax usa backed stable coin built on the avax blockchain _if not them than maybe ALGO would be my other guess.
ADA or CARDONA is going to really push this next year esp next few months… there is an oracle project (LINK for ADA blockchain) called CHARLI3 or C3 _card starter or CARD is a project launch pad _OCCIM FI a fundraising and bridge to get liquidity back n forth from Ethereum and Cardano eco system.
YFI and the dark wizard team is at it again with their WOOFY protocol it turns 1 YFI into 1 million woofy coins DOG meme x BLUE CHIP defi YFI n BOOM _want to look into their projects asap like Fantom wallet token etc is super interesting and I believe ties their “suite” of crypto platforms together
Altcoin Season Index: Is it Altseason right now? (blockchaincenter.net)
🌈 Bitcoin Rainbow Chart (Live) - Blockchaincenter
SUSHI - delicious Continue to hold, don't get faked out by a dip coming. This is quality SUSHI
Which coins to buy?
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SUSHI/USD - Pathway to 100%+This one is getting more clear everyday. We're in the midst of a wave 3 that hasn't fully developed yet. Here is shown a possible way it could unravel.
Please do you own research and don't trust some random lines on some guy chart
Sushi Resistance Level for Leveraged PositionsWe can see the blue box supporting price as it dipped into it, sending it higher to this resistance level. Purple box indicates a daily resistance level, and we saw an immediate reaction once price reached this area. For a reversal in this trend to occur price would need to break through this level, and possibly dip back into it as support, setting the stage for a repricing higher. I would consider this thesis before opening leveraged long positions.
SUSHI : time to recoverI should expect something like that, to be monitored in the next days
Ideal entry @14
1st target @15.6
If desecending trendline break up, then 18.5, 20.5 and ATH @23
And then....
SUSHI/USD possible breakout incomingOther DEX's are running; see UNISWAP.
Expecting a small pullback if ETH and BTC retrace a bit after the weekend run-up. SUSHI has some support levels at ~12.60 and ~13.60. I'm laddering into SUSHI in 2 tranches: 50% at spot price now, and another 50% at one of the support levels.
Planning on taking back my cost basis as it runs up to the short-term price target and I'll sell off a 100% cost basis at the longer price target.
PT Short Term: $20 - $22
PT Long Term: $28-$30
End result: Moon bag of SUSHI.
SUSHI/USD - Nice R/R for a short-term tradeAll indicators implying breakout, structure sugests upside.
Potential for SUSHI to Push Up in the Near TermThe use of the Phoenix Ascending indicators and Bad Ass Bollinger Bands (BBs) to predict the SUSHI USD price in the near term (1D-4D). Please note that the Phoenix Ascending indicators and Bad Ass Bollinger Bands are freely available. Please see publications by @WykoffMode to learn how to use and interpret these indicators. As illustrated in the chart, the white energy (WE) in the 1D may have reached an apex and may start to exhaust and cross down below level 50 by May 6. The green exponential moving average (EMA) might be crossed by the red stochastic relative strength index (sRSI) by May 5. The blue least squared moving average (LSMA) may continue to increase in the near term (1D-4D). The bodies of the daily candles for the SUSHI USD price might be observed in the white-aqua upper BBs (within the white colored rectangle in the chart; price range = $15.97-$16.01). This is not financial advice. I am not your financial advisor. This is my opinion.
SushiSwap is a SuperStarI recommend watching an interview with a Core Team Developer of Sushi (starting at 18:21) to get the full explanation of Sushi from its beginnings and the roadmap throughout 2021. Absorb that, then keep in mind that Sushi is the first AMM that started out providing yield through protocol usage & network value (xSushi) and has expanded/is expanding to Multi-Chain AMM, Lending Markets, Leverage, Token Creation, Limit Orders - which is all community driven. Partnerships include Yearn Finance, CREAM Finance, AAVE, Pickel Finance, Akropolis, Keep3r Network.
SushiSwap is a SuperStar - and price will reflect the magnitude of its mechanisms in the coming months.
If you do grab some sushi - make sure to stake at the bar into xSushi (app.sushi.com).
Spot buying opportunity for SushiIt appears we will see a decent retracement on assets priced in USD given the current outlook of the dollar futures. Given the price action and technical outlook on this specific chart, my eyes gravitate to the equal lows denoted by the blue line. This would be an ideal level for market makers to dip into and I would be comfortable adding in spot positions at this level.
It is also worth mentioning I am a supporter of the Sushiswap project and am aware of the developments being made which would expand the platform beyond its current limitations as an AMM and stigma as a Uniswap fork. And given the infancy of this particular space within cryptocurrencies in general which is just emerging to the public and institutional eye, I am confident that any spot position added here would be well rewarded by the end of the year. :)
