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SUSHI / UST

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SUSHIUST trade ideas

SUSHI at interesting prices SUSHI has been consolidating for 10 months, quite a long period for a crypto. It seems that this is an accumulation process following Wyckoff method. CMF values are also in a triangle. Break-out would accelerate prices to upper side. In my opinion, we can DCA here to around $0.95 and hold for few weeks (or months if needed), waiting to sell at the upper ranges (around $2) with interesting R:R=5:1. Invalidation: Weekly close below the longterm trenline (low-range continuous black line) Stoploss: below $0.856 What do you think about SUSHI and about this analysis?
Long
by evasivesteering
6
Composite Man eats SUSHI for breakfastWhile BTC is up 40% from it's low, SUSHI tanked so low that taking a long trade from here gives you 2.61 in the worst case scenario if it finds resistance at Point Of Control around $1.047. The logic of this trade based on the idea that BTC will continue going relatively flat giving time ALTs for "Pump & Dump" scenario, so CM will be able to make money to buy a new ferrari. Considering that the risk is so low and we are extremely low even at the 1D/2D/4D timeframes I guess this risk worth to be taken.
Long
by ijustcoin
Sushiswap is a promising project for a bull cycleSushiswap , a decentralized exchange that appeared in the first era of DeFi sector development, is a fork of Uniswap. The project has gained popularity through the release of its native SUSHI token and the attraction of active Uniswap users. In early May, Sushiswap launched the ability to launch concentrated liquidity pools (CLP) that offer a number of advantages over traditional liquidity pools. Some of the benefits of CLPs are: Increased profitability for pool participants: in a CLP, liquidity is concentrated around a certain price range, allowing participants to get more profitability when trading tokens. Reduced gas costs: In a CLP, transactions can be executed faster and with lower gas costs because the prices of tokens in the pool remain stable. Greater efficiency: CLPs allow you to create pools of liquidity with greater efficiency because participants can get more return for their liquidity than in traditional pools. Faster and cheaper trading: due to a higher concentration of liquidity, trading tokens in a CLP can be faster and cheaper, providing a better trading environment. Due to this and Sushiswap's strategy of spreading to as many networks as possible, this could potentially increase the project's impact on the DEX segment. Sushiswap is currently the closest competitor to Uniswap in the key metrics of Price/Fees and Price/Earnings, which shows the soundness of the product and business. If we look at Sushiswap in terms of technical analysis and charts, we see that Sushi is currently trading in the price range of November 2020, if we look at the SUSHI/ETH pair which shows us the ratio of the asset to ETH, we see that since March 2021, Sushi has been in a long downtrend and has been losing the dominance for 2 years now at the lowest level. If we are sure that the current price movement is bullish and we came out of the bearish cycle, from the analysis of previous bullish cycles, we can set the basic levels for taking positions in SUSHI and expect the start of the alt season, when the project should show positive dynamics and win back the dominance lost from ETH. As a rule of thumb, a full-fledged alt-season begins at the end of a bull cycle about 600 days after the exit from a bear market. So readers, you definitely have time to read this article, DYOR and prepare for this stage as much as possible.
by Samura0x
11
SUSHI : Over 361 days of support, the DCA strategy can look goodDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Long
by TraderBibres2003
WHO WANT SUSHI!Hello Traders and everyone, I AM HADI KARAALI, KNOWN AS SNIPERS_FX If you like the idea, do not forget to support with a like and follow. SUSHI From a long- and short-term perspective. As we can see price got stuck inside this big range and for the bulls to kick in from a long-term perspective, we need a break above the upper bound of this range. Then a shift in momentum from bearish to bullish would be expected Meanwhile, since price is sitting around a strong support zone, we will be looking for a shorter term bullish movement. And for the bulls to kick in from a short term, we need a break above the marked swing high then a further movement higher would be expected. ENJOY SUSHI ANALYSIS! and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
SUSHIUSDT is testing the Fibonacci levelBINANCE:SUSHIUSDT is testing the 0.5 Fibonacci level as new resistance on the $1.140 area inside an ascending channel. An ascending channel is a technical chart pattern formed by drawing two parallel trendlines connecting a series of higher lows and higher highs. The pattern can indicate an uptrend, with buyers continuing to enter the market at higher and higher prices. The upper trendline represents a resistance level, while the lower trendline represents a support level. Traders often use the upper and lower trendlines to identify potential buying and selling opportunities. According to Plancton's Rules, if the price of BINANCE:SUSHIUSDT loses support at the $1.080 area and retests it as new resistance, it may suggest a bearish trend. Traders could consider entering a new short position with the expectation of a continued downtrend
by InkyGrip
8