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SUSHI / UST

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SUSHIUST trade ideas

Will Sushi make a big comeback in early 2022?Sushiswap is another great project. Recently joined Celo, Aave, Curve and more in DeFi for the People . This is the direction I want for crypto, for it to be accessible for everyone, including those who don't understand the tech behind it. Celo and Sushi will make a big push in 2022. Looking at the technicals SUSHI had some trouble after the last big pump when it unfortunately failed to take a new ATH. Following the pump came a big fall with a double bottom before a new push to breakout of the falling trend. Another fall and steady reversal for more than a month now we're closing in on another test. Price target before the year ends: 16.140 Price target January: A TH 23.4 Stop loss somewhere around 10.50 . What I usually do is to move up the stop loss once we hit the first price target. How do you feel about sushi? Are you more of a sashimi person or do you think Sushiswap could make a big comeback?
Long
by fandango0x
8
🐺 SUSHI created W pattern 🐺Hello traders 🐺 as usual let's start with the weekly chart : in the weekly time frame you can see SUSHI created W pattern also you can call this as a triangle pattern , but usually I prefer to use weekly time frame for measure the price target and use daily time frame for find a place for opening long or short order ; but let's talk about the technical target of this pattern : 1_ if I draw the Fibonacci retracement you can see after SUSHI hit the all time high price start to retracement to the 0.786 Fibonacci retracement support level so the first method the measure the target of this pattern is using AB=CD pattern like below picture : 2_ you can also use the W pattern for measuring the price target : as you can see the technical target of the W pattern is show the all time high price but for reaching the target , SUSHI first need to break above the 0.618 Fibonacci level which is also the weekly resistance structure ( red box ) let's look at the daily time frame : in the daily time frame price break above the daily support structure ( blue box ) and also the ema ribbon and now trying to retest it as new support ; it's very important for the SUSHI price to hold above the daily support structure and also the triangle upward trend line which is also the weekly support trend line . before open any long position wait for the clear break out from the triangle pattern with the good volume . 🐺 I hope you enjoyed this analysis. Do not forget to like and subscribe share my ideas with your friends , thanks for reading my ideas 🐺
Long
by Kiu_Coin
10