SUSHIUSD at $5-7 and $65-120 Myth or Reality ?Today, a review on the trading pair SUSHIUSDT It's been a long time since we looked and analyzed the possible scenarios of the SUSHI price movement.
We don't know about you, but we think that the chart shows that another correction impulse down is about to happen.
The best-case scenario is that the buyers will stop the fall of the SUSHIUSD at $7.30-$7.5 0 and a possible global rally to $65-67 from there.
In the worst case , the fall will be with a renewal of the minimum in the area of $5. Of course, in that case consolidation on bottom will be delayed for a longer period of time, but the global target will grow to the area of $100-120.
Or maybe we don't know something about Sushiswap project and its token SUSHI will have phenomenal growth from the current prices?
Let's share our opinions in comments
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
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SUSHIUSDT trade ideas
SUSHIUSDT is creating a head and shouldersThe price is testing the weekly support on the 4h dynamic support after a rejection from the daily resistance on 0.382 Fibonacci retracements.
the market is printing a head and shoulders on 4h timeframe and its neckline si the dynamic support where the price bounced several times on the left.
How to approach?
We are waiting for a clear breakout of the weekly support in order to add in our watchlist and wait for applying our Plancton's Rules
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
SUSHI - We don't know if this is a Selling Climax just yetHi,
This is iJustCoin, the one lucky trades who puts money where his mouth is!
The main point of this publication is to cover 2 potential scenarious for SUSHI.
We don't know if this is the Selling Climax or not. Anyway we have to expect another SOW (another push down).
So we have 2 scenarios.
Scenario 1:
This is our Selling Climax. Our preliminary support is $5.2XX-$6 levels.
We may expect the price action to rise up to our Preliminary Support as an Automatic Rally event in PHASE A of accumulation.
Scenario 2:
This is not our Selling Climax and we will go lower. If we go lower the price action might touch $2.5-$3 area.
In that case $3.7-$4.6 price range will be our Preliminary support. And we expect the price action to go up that Preliminary Support.
How to trade?
We have options to go LONG up to Preliminary Support or go SHORT after we see an Automatic Rally.
You may consider to do both you have skills and time.
My opinion
For my mindset at particulary this moment it's looking easier to SHORT Automatic Rally rather than to predict it holding your LONG position.
However i guess i'll try to go LONG risking LESS amount of money and then go SHORT risking little bit more.
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Chart Code:
Blue Bold Dotted Line - Decreasing of Selling Volume
Puprle Bold Dotted Line - Decreasing of Buying Volume
Green Bold Dotted Line - Increasing of Buying Volume
Red Bold Dotted Line - Increasing of Selling Volume
Red Dashed Lines - Downwards Reversal Momentum
Green Dashed Lines - Upwards Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
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What a victory in SushiHello traders!
There was my post with the title "Father all strategies" and Sushi was analyzed with that strategy.
Here is the result of why I call that father of all strategies.
Stoploss was -2% and the target was 25%.
Traders can close it now.
Don't forget to hit the like button and follow to stay connected.
BULLISHIn the loving memory of my child Muffin I present you this chart analysis....please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ...
you can ask me any thing in comment section I will reply 100 %
SUSHIUSDT, Supported upper resistance zone :DHello everybody
Sushi is one of the token of exchange that is working on DeFi ...
How many project do you the fundamental analysis ??
If you dont know, you can learn fundamental and technical analysis ---> send us messages in private you can see our id in profile
According to the chart and previous analysis, market exactly supported in support zone area and rised up and give everyone some profit.But now the price after broke the resistance zone its pullbacked to it and now we expect the price that is going up toward the trendline resistance zone.
If you look at carefully you can see the price made 2 bottom but we need acceptance of it.
Dont forget use stop loss and attention to money management when you take in position
Good Luck
Abtin
Previous analysis :
SUSHIhello everyone...
There's a breakdown attempt on current daily candle which is making us this opportunity to take SHORT on the movement after breaking below the dynamic support zone .
There's a formed descending channel on daily time-frame for on #SUSHI's chart.
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Considering the movements of Bitcoin and its whales ... I think there is a possibility of ascent
Targets are mentioned on chart !
SUSHI/USDT : Opportunity to take SHORT after breakdown ! Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
There's a formed descending channel on daily time-frame for on #SUSHI's chart.
Also now, There's a breakdown attempt on current daily candle which is making us this opportunity to take SHORT on the movement after breaking below the dynamic support zone.
However I would set two separate invalidation forms to avoid any possible losses; But it's still hardly suggested to have active management on such a movements !
The entry could be the breakdown confirmation as a retest on $6.6 or into the continuation of huge sell of in master candles...
The invalidation should be placed with two configuration,
- Any breakout confirmation above $6.6
- Any candle close above $7.500
Targets are mentioned on chart !
As always be safe.
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
SUSHIUSDT- Woop, look at this coin :
- Price is reacting strongly at local support $6.4-$6.9. Here, bullish engulfing pattern had been created.
- As long as local support hold, highly big bullish toward next resistance $10.
So, What is trading strategy????
Buying zone : Current price.
Stop-loss : Below $6.
TP: 1. $10, 2. $12, 3. $14.