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SUSHI / TetherUS

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SUSHIUSDT trade ideas

SUSHI time to Long?Based on the trend Fibo, Sushi is trying to turn the 0.786 (3.5 USDT) into a local support. If the weekly closes above this support then Sushi will hit the 0.618 (5 USDT) easily the next resistance. and it will further try to spike until 6 USD which is the 0.5 of Fibo the next strong resistance. and around 6 USDT SUSHI is touching / going to retest the downtrend line (yellow line). couple candles close above will easily make way to 10 USDT. Entry : 3.65 TP1 : 5.03 TP2 : 6.11 SL : 2.78 Plan your leverage accordingly, if you have the same idea as me :) Safe trading!
Long
by kjrthi
SUSHI/USDT Almost definite movementAs we enter another bullish week we have all been waiting for so long, I would advise starting to minimize the risk. "The money you own is always better than the opportunity you missed." I made a Prediction for SUSHI, normally I don't publish free stuff, but got so much from @AlanSantana 's predictions couldn't help myself. Yes, I expect this movement to happen in short term. I didn't look to the future of this project since there are so many more, I'm getting my money and leaving the stage for good. I couldn't repeat myself enough for my fellow traders: "The money you own is always better than the opportunity you missed." "The money you own is always better than the opportunity you missed." "The money you own is always better than the opportunity you missed." Peace love and gratitude to everyone everywhere
Long
by sertanavdan
3
SUSHI (SushiSwap) Token Analysis 25/03/2022Fundamental Analysis: SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens. SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI. Who Are the Founders of SushiSwap? SushiSwap was founded by the pseudonymous entity known only as Chef Nomi. Little is known about Chef Nomi, or his or her impetus for forking off from Uniswap. The project has two other pseudonymous co-founders, sushiswap and 0xMaki, also known as just Maki. Between them, they handle SushiSwap’s code, product development and business operations. More recently, de facto ownership of SushiSwap was passed to Sam Bankman-Fried, CEO of derivatives exchange FTX and quantitative trading startup Alameda Research. Bankman-Fried is a well-known participant and cryptocurrency market commentator, regularly appearing in media interviews. SushiSwap primarily exists as an AMM, through which automated trading liquidity is set up between any two cryptocurrency assets. Its main audience is DeFi traders and associated entities looking to capitalize on the boom in project tokens and create liquidity. AMMs do away with order books entirely while avoiding problems such as liquidity issues, which hamper traditional decentralized exchanges. SushiSwap aims to improve on the offerings of its parent, Uniswap, by increasing the impact users can have on its operations and future. The platform takes a 0.3% cut from transactions occurring in its liquidity pools, while its SUSHI token is used to reward users portions of those fees. SUSHI also entitles users to governance rights. SushiSwap attempts to mitigate the traditional risks of depositing funds in smart contracts by upping the governance powers of its users. The anonymity of its developers poses questions beyond a technical standpoint. In September 2020, for example, Chef Nomi was involved in a spat with users after withdrawing 38,000 in Ethereum (ETH) from SushiSwap. The funds were subsequently returned, with Chef Nomi publicly apologizing for doing so and calling the move a mistake. SushiSwap’s in-house token SUSHI is created at a rate of 100 tokens per block. The first 100,000 blocks had a block reward of 1,000 SUSHI. The supply of SUSHI will depend on the block rate. At approximately 6,500 per day, and therefore 650,000 newly-minted tokens per day, there will be roughly 326 million tokens in circulation by September 2021, a year after SushiSwap first launched. SUSHI had no premine, and began to be minted at Ethereum block number 10,750,000, beginning with a supply of zero tokens. The current CoinMarketCap ranking is #135, with a live market cap of $465,604,012 USD. It has a circulating supply of 127,244,443 SUSHI coins and a max. supply of 250,000,000 SUSHI coins. Alt-Season is Starting as the BTC.D of Bitcoin Dominance is Falling and Total Crypto Market Cap seems to be Bullish... Technical Analysis: we can clearly see the price of this Asset has lost 90% of its Value from its All Time High which is very undervalued and discounted for this Particular asset and is worth of investment as it is accumulating below 85%. There exist a Bullish Divergence of Price and MACD, which is a significant sign of Bullish Trend and Beginning of a new Cycle. there are 3 Targets Defined by Fibonacci Trend Base Extension tools to Project the height of the Upcoming Cycle.
Long
by BitonGroup
5
Sushi vs Tether Adam & Eve Bottom Pattern (300%+ Potential)I am drawing the Adam & Eve bottom pattern on this chart just so that you can see how often these patterns tend to repeat... What one altcoin does, the rest follows... We have all my "classic" bullish signals: - Break above EMA10/EMA50. - Bullish MACD and RSI. - Down-trendline broken. - Increasing bullish/green volume. Note: The break above EMA50 needs candle closure for confirmation. When today's candle close we know if it happens above or below EMA50 ($3.748). Closing above confirms the bullish scenario. Closing below negates many of the above signals. These are early signals. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
9
$SUSHI Falling WedgeBullish divergence on both oscillators with volatility on the rise. Real nice impulsive move on the RSI with the money flow heading up as well. 2.79 was a critical inflection point historically and weve broken the down trend after backtesting it as support. We are also at the lower end of the falling wedge . If you can break that inflection point around 10-11$ i wouldnt be surprised to see a full return to at the likes of $19 eventually for the larger Bearish shark .
Long
by TradingNomadic
1
SUSHI (SushiSwap) Token Analysis 29/03/2021Fundamentals: SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens. SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI. SushiSwap primarily exists as an AMM, through which automated trading liquidity is set up between any two cryptocurrency assets. Its main audience is DeFi traders and associated entities looking to capitalize on the boom in project tokens and create liquidity. AMMs do away with order books entirely while avoiding problems such as liquidity issues, which hamper traditional decentralized exchanges. SushiSwap aims to improve on the offerings of its parent, Uniswap, by increasing the impact users can have on its operations and future. The platform takes a 0.3% cut from transactions occurring in its liquidity pools, while its SUSHI token is used to reward users portions of those fees. SUSHI also entitles users to governance rights. SushiSwap was founded by the pseudonymous entity known only as Chef Nomi. Little is known about Chef Nomi, or his or her impetus for forking off from Uniswap. The project has two other pseudonymous co-founders, sushiswap and 0xMaki, also known as just Maki. Between them, they handle SushiSwap’s code, product development and business operations. More recently, de facto ownership of SushiSwap was passed to Sam Bankman-Fried, CEO of derivatives exchange FTX and quantitative trading startup Alameda Research. Bankman-Fried is a well-known participant and cryptocurrency market commentator, regularly appearing in media interviews. SushiSwap attempts to mitigate the traditional risks of depositing funds in smart contracts by upping the governance powers of its users. The anonymity of its developers poses questions beyond a technical standpoint. In September 2020, for example, Chef Nomi was involved in a spat with users after withdrawing 38,000 in Ethereum (ETH) from SushiSwap. The funds were subsequently returned, with Chef Nomi publicly apologizing for doing so and calling the move a mistake. SushiSwap’s in-house token SUSHI is created at a rate of 100 tokens per block. The first 100,000 blocks had a block reward of 1,000 SUSHI. The supply of SUSHI will depend on the block rate. At approximately 6,500 per day, and therefore 650,000 newly-minted tokens per day, there will be roughly 326 million tokens in circulation by September 2021, a year after SushiSwap first launched. SUSHI had no premine, and began to be minted at Ethereum block number 10,750,000, beginning with a supply of zero tokens. Technical analysis: as we can see the price is on the retracement to the lower Levels and apparently we can have a touch on the 61.8% Fibonacci retracement, which can end the distribution and start some Accumulation for the stronger impulsive wave. there are total of 2 targets defined by the Fibonacci expansion of the initial impulsive wave.
Long
by BitonGroup
10
🆓SushiSwap (SUSHI) Mar-16 #SUSHI $SUSHI The buying pressure at $2.8 is quite steady and in the next few days SUSHI might start an uptrend again with a target of $4 or even higher. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 2.8$ zone 🔴Buy : 2.8 🔴Sell : 3.4 - 4 - 5 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 2.8$ zone 🔵Sell : 2.8 🔵Buy : 2.4 - 2 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
SUSHIUSDT is trying to have a breakouytThe price tested the monthly support on 2.7$. That level is so important for SUSHI. On the 4h timeframe the price is trying to have a breakout from the daily dynamic resistance and from 0.382 Fibonacci level. How to approach? I'm monitoring the price, I want to see a breakout from the dynamic resistance and retest of the 4h resistance on 3.1$. It's not enough to check a breakout, you need to have a strategy, for that reason I will open a long position only after the price is going to satisfy my rules. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
6