Replica ---- SUSHIThe consecutive days of decline have exhausted the bearish power. The short-term FUD brought by Mt. Gox is nearing an end, and the main focus of the crypto market will return to monetary policy. Although Powell will speak at a regular meeting these two days, Thursday's CPI data will determine the subsequent trend this month.
Today we will talk about a classic Dex, Sushiswap. In traditional industries, if one entrepreneurial company succeeds, there will be many following companies that will copy the model of the successful company. As the folk protocol of Uniswap, Sushi was comparable to Uniswap in terms of transaction size and token performance in the early times. However, after the DeFi summer and the crypto winter, Sushi did not innovate, but continued to imitate Uniswap, causing it to lose its second place. Whether it is TVL, 24h transaction volume or handling fees, they are all in the middle of Dex.
If you want to simply swap you might use uniswap, if you want to swap with the most selective path you might choose 1inch, if you want to swap memes you might use Raydium. So, why choose Sushi? I prefer to eat pancake better than sushi.
From the trend of SUSHI, we can find that in this ETF cycle, UNI's performance has been significantly due to SUSHI. This is after UNI received the Wells notification not long ago. It can also be seen from the indicators that after the TSB indicator prompted a SELL signal on July 4, SUSHI began a new decline. In the recent rebound, SUSHI performed worse than other tokens.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
