#SUSHI weekly reversal ideaHello dear Traders,
Here is my idea for #SUSHI
Price finds support at monthly pivot S1 line.
Wait for daily close above the yellow trigger line (previous month high) to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel free to ask any question in comments. I will try to answer all! Thank you
SUSHIUSDT trade ideas
SUSHI BOUT TO BREAKTROUGH/BREAKDOWNSUSHI is on the edge of a resistance zone right now, a pretty strong one.
But the fact we keep seeing higher lows towards this is zone is a good sign for a breaktrough or breakdown from the trendline.
Now i could be wrong ofcourse but seeing the build up momentum i think we're going to retest the 1.180 level and after that 1.234 & 1.285.
Anywhere between 1.148 & 1.138 is a good entry
SUSHIUSDT: Good medium-term perspectiveHello, everyone.
Cryptocurrency prices continue to decline. And this is a great reason to keep a close eye on the dynamics of coins, because in the near future a rapid price recovery may begin.
I suggest to pay attention to SUSHI, where an excellent wave medium-term and local structure is forming.
I plan to actively buy the coin and wait for the price to recover to at least the $2 level.
SUSHIUSDTSUSHIUSDT Over the past period, the price has been in a downtrend. At the level of the strong support zone There may be a correction If the price does not break through the 0.605 support, there is a possibility of a reversal.
Waiting to buy the red zone, the first target 4.596 >> GooD Luck 😊
SUSHI/USDT: Mixed picture between 1,02 & 1,58---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
SUSHI/USDT: Mixed picture between 1,02 & 1,58
Context
- The Global Crypto market leads by BTC and ETH reversed up drawing a new bullish trend - However for SUSHI the volume on CEX and DEX are decreasing within the bearish pressure on going and the outlook is mixed on current level
- We are watching at 1,58 as Tactical resistance to re-integrate to provide a clear recovery signal
- Watch 1,02 as key Tactical support
Market configuration
- Graphical Elements :
Graphical Resistance = 1,58 & 2,35
Graphical Support = 1,02 & 0,70
- Mathematical Indicators:
EMA ( Exp Moving averages) are resistance = Bearish
RSI indicator (below) is now below 50% = Bearish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B hasn't been reached = 0,70
Fibonacci resistance of the wave in progress = 1,58
Fibonacci support of the wave (ii) = 1,02
Fibonacci Bullish Target = 2,35 / 3,08
Conclusion
Neutral between 1,02 & 1,58 - Only a clear break of those level will provide a clear directional view
Sushi is ripe for a squeeze! Opinion:
Sushi is a favorite of liquidity farmers. Over 40% of Nansen smart wallets have exposure to Sushi or its LP token.
After a lengthy capitulation, sushi has now breached its long-term downtrend and seems ripe for a squeeze.
TP at 5$+
Notes on how I personally use my charts/NFA:
Each level L1-L3 (S1-S3) and TP1-TP3 has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's and L's these percentages are still respected. I like to use the trading range to accumulate by using this tactic.
Just my personal way of using this. This is not intended or made to constitute any financial advice.
This is not intended or made to constitute any financial advice.
FED Macro Situation Consideration:
All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.
NOT INVESTMENT ADVICE
I am not a financial advisor.
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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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Sushi/USDT Short📉Previous important support and resistance zones:
***s1: 1.403
***r1: 1.563
**r2: 1.618
*r3: 1.465
Conditions for short:
1. Rising wedge breakout
2.trendline breakout
3.momentum indicator trendline breakout
4.resistance from previous resistance ***r1 zone
6.Money flow index turned red from green
7.volatility has increased
8.di- is above the di+
9.adx line is above the 20 level
Stoploss:
1.above the previous resistance zones of ***r1: 1.563
Take profit:
1.take profit is dynamic,trailing stop loss/take profit
Exit point:
1.will be updated later in the comments box only if someone asks
Sushi forecast / an Ideaprice correction and reaching the Fibonacci lines, very precise are underway.
The upward movement of the price continues until the starting point of yesterday's downtrend.
Please write any comments or suggestions.
Dear friends, request any cryptocurrency or forex indices that you want to be analyzed.
Thanks for your attention
SUSHIUSDT1. Chart is currently in the accumulation phase
2. Not able to break recent HL and also not able to create a new HH.
2. Bearish candles are in making
3. Tested support near 1.446 multiple times
If it breaks the support at 1.446, it will go down to 1.38 but if not, then will recover strongly to the resistance level of 1.668. I will suggest monitoring the chart a little more