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SUSHIUSDT trade ideas

Sushi swap - $70 / 40xOn the above daily chart price action has corrected a whopping 95%. A number of reasons now exist to be long, including: 1) The ‘incredible buy’ signal has printed. Look left. 2) Price action has bounced on the 0.786 Fibonacci level that is also past support. Look left (orange line). 3) Regular bullish divergence - clearly visible on the 2-day BTC pair (below). The lower low in price action is also finding support on past resistance. Excellent. 4) Nudge nudge wink wink. Know what I mean.. 5) Target is around $70 once price action confirms a breakout from the bull flag as shown below on the 3-day chart. Is it possible price action falls further? For sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: 3 - 18 months Return: 10x minimum 2-day BTC pair 3-day chart - About the target
Long
by without_worries
109
SushiSwap Analysis Bullish Momentum 🍣 SushiSwap Analysis: Bullish Momentum Building with Strong Accumulation Signals 📈 SushiSwap enthusiasts, it's time to take a closer look at the charts! 🚀 📊 Technical Analysis: The 20, 50, and 200 Exponential Moving Averages (EMAs) are signaling a promising phase for SushiSwap on the daily charts. The convergence of these key indicators suggests a potential accumulation phase orchestrated by big money players. 📈 Bullish Momentum: The 20 EMA, being the most sensitive to short-term price movements, is now crossing above the 50 EMA. This golden crossover is a classic bullish signal, indicating a shift in momentum. Furthermore, the 200 EMA, representing a longer-term trend, is acting as a crucial support level. 🤑 Accumulation Phase by Big Money: The alignment of these EMAs suggests that institutional investors and whales might be accumulating SushiSwap at these levels. This strategic move by big players often precedes significant upward price movements. As daily candles show consistent strength, it adds credibility to the notion that smart money is positioning itself for a potential bull run. 🔍 What to Watch For: Keep an eye on the daily candle closes; sustained bullish candles reinforce the strength of the current trend. Monitor for any upcoming announcements or developments within the SushiSwap ecosystem, as they can further fuel the bullish sentiment. 🚨 Risk Disclaimer: While the technicals are favorable, always conduct thorough research and consider your risk tolerance before making any investment decisions. 📌 Conclusion: SushiSwap is currently exhibiting strong signals of a bullish accumulation phase. The alignment of the 20, 50, and 200 EMAs on the daily charts, coupled with robust daily candle patterns, indicates a potential surge in the near future. As always, stay informed and trade responsibly! Disclaimer: This is not financial advice. Always do your own research before making any investment decisions. Cryptocurrency markets can be highly volatile. 🍣🚀 #SushiSwap #CryptoAnalysis #BullishSignals #Cryptocurrency
Long
by LegacyTrendX
1
SUSHI/USDT Ready For Bullish Rally? 💎Paradisers, brace yourselves! SUSHI/USDT is on the brink of a bullish eruption, ready to break free from its descending channel and embark on an upward spree. 💎Lately, SUSHI has been hovering near a pivotal support zone. Coupled with an uptick in trading volume, we're bullish about an imminent upswing. 💎After initially reaching equal highs, SUSHI experienced a significant drop, indicating a change in market mood and extending its bearish trajectory. 💎Nonetheless, signs of bullish momentum are beginning to re-emerge, and we anticipate the price will target the overhead supply zone in the near future. 💎Heads up: Should the price dip below the support level due to market volatility, be prepared for a possible bearish pivot. 💎Stay locked in for more timely updates!
Long
by MyCryptoParadise_Simon
SUSHI/USDT upward momentum? 👀 🚀 SUSHI Today analysis💎 Paradisers, let's delve into the nuances of SUSHIUSDT as it positions itself in the demand zone. While the crypto landscape is ever-evolving, there's a heightened probability that SUSHI might embark on a bullish journey. 💎 Recently, SUSHI tapped into the liquidity at the .518 level, which is now playing a pivotal role as support. Despite many crypto novices betting against this coin at its current stance, the scales of probability tilt towards a bullish outcome. 💎 If SUSHI manages to maintain its momentum above this support, there's a strong chance it might challenge the overhead supply zone. 💎 On the flip side, if SUSHI doesn't hold its ground at the .518 support, the probabilities lean towards a descent, potentially revisiting the daily support level.
Long
by MyCryptoParadise
1
SUSHI/USDT Ready to Upward Momentum ??? SUSHI Analysis Today💎 SUSHI has undoubtedly seized our attention with its impressive rally, soaring from $0.52 and decisively shattering the broadening wedge pattern amid substantial trading volume. A successful retesting phase underscores SUSHI's potential for continued bullish momentum. 💎 However, a critical juncture awaits, as SUSHI grapples with a formidable resistance zone. To sustain its upward trajectory, breaking through this barrier is imperative; otherwise, a retreat to the demand zone for regathering strength could be on the horizon. 💎 Should SUSHI manage to penetrate the resistance, the probability could smoothly sail towards its next targets, including the supply zone and potentially even the bearish OB area, with relative ease. 💎 Conversely, a precarious scenario unfolds if SUSHI retraces and fails to hold its ground within the demand zone. Such a downturn would signal a weakening bullish resolve, possibly sending SUSHI into a downward spiral toward its next stop at the support zone. Here, a crucial battle would ensue: SUSHI would need to rally and reclaim lost ground, or risk a further descent into the depths of the key support area, marking a significant bearish shift in its market narrative.
by MyCryptoParadise
1