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SUSHI / UST

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SUSHIUST trade ideas

SUSHI - Due for a PAMPSushi has been trading sideways for almost a year now. It had quite a lot of bad news in 2022, but most of that seems to have been left behind. Despite the sideways price action throughout all of 2022, the RSI seems to be rising steadily now. It is still under the long term trendline in red, but is nearing the 50 SMA. I think it will soon break the 50 SMA and then punch through the horizontal resistance at about $2. Then the next challenge will be the long term trendline.
Long
by Badhalf
SUSHIUSDT is testing the resistanceCurrently, the price of SUSHIUSDT is inside a descending channel, which is a technical pattern that is formed by connecting the price highs and lows with two downward sloping trend lines. The upper trend line acts as a resistance level while the lower trend line acts as a support level. Recently, the price of SUSHIUSDT retested the 0.618 Fibonacci retracement level, which is a commonly used technical analysis tool that is based on the Fibonacci sequence. This retracement level is considered to be a significant level of support and resistance in the markets. After retesting this level, the price of SUSHIUSDT created a new higher high, which is a bullish sign that suggests that the buyers are gaining control of the market. However, the price of SUSHIUSDT is currently testing the dynamic resistance level inside the descending channel, which could act as a barrier for the price to move higher. A dynamic resistance level is a technical level that is created by a moving average or other technical indicator that changes over time. The descending channel is a bearish technical pattern that suggests that the overall trend is down. The upper and lower trend lines of the channel act as key levels of resistance and support respectively, and traders can use these levels to make trading decisions. According to Plancton's rules, which are a set of technical trading rules that are used by some traders, a breakout from the $1.5 area could signal a new long position, which means that traders could consider buying SUSHIUSDT with the expectation that the price will continue to rise. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
✴️ SushiSwap | Bear Market Ends! (Name Your Altcoin #50)Here is the linear scale for SushiSwap... See the huge potential here as well, 430% just to start and over 1,000% possible in the long-term. This is without counting the new bull market and All-Time Highs, this is just the recovery phase. When one door closes, millions of other doors open. Notice that if you missed the early breakout of say FTMUSDT, FETUSDT, LTC and DOGE, we still have these many opportunities available with more to come. Sushi and Aave are just two, in this series of articles alone we looked at 50 altcoins of your choice and many have great potential for growth. Bitcoin has gone ultra-bullish, confirming hundreds and hundreds of charts and trade ideas we have been sharing since November 2022... As Bitcoin grows, money flows into Cryptocurrency as a whole. When one big altcoin goes to retrace, the next group or a smaller one grows. This cycle can go for weeks and weeks... several months. The next correction will end up in a higher low and then we get additional growth. This is what we call a bull-market, higher highs and higher lows. The bear market is coming to end... This is how you can tell! Very, very bad news, negative press but everything grows! That's the strongest signal you can get... It is basic but many people don't know. Namaste.
Long
by MasterAnanda
4
SUSHIUSDT is inside the descending channelSushi has had a remarkable performance, delivering a gain of over 32% after a clear breakout from the daily resistance. Currently, the price is forming a descending channel on the daily chart. The descending channel acts as a potential bearish reversal pattern, indicating a potential downward trend in price. A descending channel is a technical analysis pattern that occurs when the price of an asset moves lower within two downward-sloping parallel lines. It is considered a bearish reversal pattern that suggests a potential downward trend in the price of the asset. Traders often use the descending channel to identify sell signals and set stop-loss orders. It is important to monitor the price action closely, as a clear breakout from the channel can indicate a potential change in trend. we will be closely monitoring the price action and waiting for a clear breakout from the descending channel to apply Plancton's Rules and determine the next trading opportunity ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
3
Binance crypto trading pairs affiliation tableThe indicators of the mutual dependence of crypto pairs rates are presented in the table. 150 pairs are listed in the table. The calculation period for the output data starts from the moment the pair is listed on the Binance exchange. Use this table to find the indicators. To calculate the indicators, the ratio of the price change of one pair to the price change of another pair in period and the ratio of the volumes change of each of the pairs in period are used. The presented data is dynamic and is updated every 24 hours. The affiliation indicator allows us to use data for intra-exchange arbitrage. The most effective for this tool is the affiliation of pairs in the range of 25-75%. For proper assets diversification, it is better to beware of pairs with >80% affiliation.
by Crypto_robotics
SUSHIUSDt ready for the new breakout?SUSHI created a rounded Bottom on 0.850$ area where the market formed the accumulation phase exactly on Weekly support (0.911$) After the breakout the price retests the resistance as new support on 1$ area, and started with Higher High and Higher Low, it had another important breakout from 1.170$. At the moment the price is in accumulation Phase below the 4h supply, the 1.4$ area is a key level for the market What's next? The price needs more volume to continue the bullish movement, so we could see a false breakout from the accumulation phase in order to grab the fresh liquidity and create a breakout of 4h supply zone, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
18
SUSHI/USDT possible movementsHey guys! Let's take a look at SUSHI/USDT pair. This coin has been going sideways for some time now and currently has reached another resistance zone where we see some struggles. Struggle to breakout from this zone so we have two possible movement here. First: We witness a massive volume from buyers which will result that breakout. Second: We go for a smaller sideways movement and have multiple rejections from that "blue line" until we breakdown from that zone to lower levels. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowAcademy
18