💡SUSHIUSDT ANALYSIS 💡Hello Friends
When we look at the chart in the daily, there is a shark bull formation formation.
It is very risky to enter the trade before the voluminous momentum comes. Risk money management is very important in such transactions.
There are technical levels on the chart.
TP1:9.8
TP2:11.73
TP3:15
Trading entry level: 6.46 (at the closing of the daily candle)
Stop loss: 4.86 (based on my own money management)
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Bull Shark Pattern ( Bullish Shark Pattern)
EU foot, OX foot on the 113% - from 161.8%
prolong BC feet, OXI foot of extending to beyond the far 113'ü% OX foot
BCR foot of the AX 161.8% - is an extension 224'lük%
OTHER harmonic models on the contrary, transactions are entered as follows: Destinations can be 61.8% of BC with
incoming stops at 88.6% of entry OX and point C
Sushi
Sushi Update: Bull BiasSushi is at the 0.786 retracements, the last Fibonacci level before 0:0 at 0.19 cents, which I can't see happening with all the Sushi development. This is a really solid defi bluechip that gets overlooked. Playing this one on spot because the trend is bearish (bellow 20 ema). I'm greedy on this reversal so let's get it, other altcoins already taking the lead. The market is highly volatile so trade at you're own risk.
Are we headed to $12? Part 2Similar to the SUSHIUSD price chart. The SUSHIBTC price chart looks like is in a bull flag pattern. Assuming that SUSHI gets to the the top around mid January a $12 SUSHI and .0002267 SUSHIBTC would place BTC price at around $53k (Extended cycle? BTC oscillating around $50-$60k for the next few months?)
At the end of the day the main point of these charts are to identify a trend. For a while it looked like the SUSHIUSD chart was in some type of pennant which is why I believe us HODLers where shocked once it broke down. Assuming we are still in a bull market I think the high $4s-low $5s are a solid short term bottom. If the channel plays out look for the top of the channel to take some profits.
Are we headed back to $12? Part 1My bull case scenario for Sushi places us at the floor of a bull flag pattern. Assuming a continuation of the bull cycle I believe we could be headed back to $12ish in the next month or so. The measured move out of an upside break would place us around $34 with a potential move to the 1.618 fib at around $39.
I think it's also possible we head back down to the bottom of the channel at around $3.70. Depending on what the market looks like once we hit the top of this channel it may be good idea to take some profits then.
Sushi 10x from here?I based my Fibonacci levels on the highest wick before we entered a bearish wedge and the lowest weekly close. Sushi was strongly supported previously at the .382 level around $6 and recently wicked all the way down to the .236 level at nearly $4, which I would suspect was a really great buy. As of writing, the market cap/total value locked ratio is .126 which shows that its extremely undervalued. In comparison, Uniswap’s ratio is 1.09. Anything under 1 is generally undervalued. Uniswap has a little under $10 billion locked in while it’s younger brother Sushiswap has a little under $6 billion locked in, however their market cap sits under $750 million right now which is only 7% of the market cap of Uni.
Plus, this looks like a bull flag and sushi will be dropping an NFT platform which gives it links to the metaverse and other possible good news. And since it’s a fairly new coin, we are likely to enter a third wave if we break out of this bull flag, which is generally the biggest.
The whales are eating up all the sushi at low prices. I think we’ll see resistance at $16 if we bounce but my target sells are $42, $58, $67. DYOR but if btc goes over $100k this bull run we should see new all time highs for Sushi.
Last time SUSHI went 47x from hereThe last time SUSHI was at these level in both the RSI and MFI it went up from about .50 to $23.5 (47x). I doubt that we will see the same returns this time around but AS LONG AS we continue in a bull market I think we could hit the 1.618 fib at about $34 (4.5x from here).
SUSHI - time to buy?SUSHI has broken the trend line and is now in a trading range between the levels of $8.2 and $7.2.
In the event of a breakout of the upper accumulation or a retest as support, there could be a good buying opportunity.
It should be noted that bitcoin and the whole market is in a tense state right now, so strictly follow your risk management!
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
SUSHI/USDT TRADING PLANNING FOR SPOTSUSHI/USDT
Ideas plan for sushi
We can wait after retest done, and buy on weakness
or wait the confirmation from breakout
Trading key is the patience, dont be hurry
Hope you guys get something from my chart
Thanks for the support
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SushiusdtHi everyone.
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