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Sushi

Sushi Swap Fails To Break Major Resistance Zone-Sushi has risen over 13% the last week
 -Price has been held up by 400 MA
 -Sushi Swap is heading towards its mid term trend line

 Sushi Swap has been doing fairly well over the last week compared to other coins in its class. Prices are up nearly 13% compared to the majority of coins being down -5%. Sushi Swap hosts a very impressive decentralized app as it offers staking, farming, swapping along with many other services. This platform has been growing in popularity & users over the last month as decentralized finance continues to eat away at all the centralized systems. As long as the market continues in a bullish fashion, we should expect SUSHI to continue rising in value. 

 Ever since SUSHI pumped off its low in late July, price has been holding above a mid term trend line very well. Price has bounced off this trend over 5 times which shows it can be relied upon as a strong support area. At the time of writing, SUSHI Is heading towards its last major support of $11.21 before price reaches this mid term trend. A bounce is likely at this trend as it also sits right next to the 400MA. This MA has been acting as support for over a month now. Any break below this MA & the mid term trend line will result in a bearish trend. 

 Considering the fact that SUSHI is near major support areas, we may also see a bounce off these levels as it has happened in the past. At the time of writing, SUSHI is trading near the end of its 5 day wedge. A break to the bottom trend of this channel will surely cause price to fall to major support of $11.21. If bulls manage to gain strength in the current moment & SUSHI breaks to the upside of this wedge, price will have to battle out the minor resistance of $12.17. In the event that price breaks & holds this, SUSHI will then head to its major resistance zone that must be fully broken to reach the given targets. 

 While looking at the Stochastic RSI, we can see strength just fully reset to the oversold region. If strength manages to gain its footing & bounce above the 20 value, SUSHI may be in position to pump out of the top of its wedge. The MACD recently broke the 0 value & is heading down into bearish territory. As long as the MA’s can cross bullish & bounce back above the 0 value, SUSHI will have a good shot at breaking its major resistance. 

 SUSHI Intraday Analysis Spot rate: $11.56 Trend: Bearish Volatility: Medium Support: $11.21 Resistance: $12.17

by CoinGape
1
SUSHI/BTC buy opportunityHi followers, BINANCE:SUSHIBTC looks very positive for a potential move up. After forming triple bottom on a very important support area, buyers stepped in with power, then we saw another abc pullback and buyers stepped again, forming higher low. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Long
by FradkinXBT
13.986 Price Target for $Sushi Coin + Big Picture UpdateExcepting a breakout to 13.986. We are downtrending currently but I see this playing out 2 ways. First: Simple way, We continue the dip no lower than the current low we have for the green lined pattern and have a test at the P.T. OR Second (Likely): We see the bottom to the trend at around 12.747 and begin an ascending triangle pattern play out into the night which more than likely send us straight to our price target. Updates coming on what the bigger picture could look like. (2 Hr Time Frame Analysis) Either way though. I am opening position's at support. Happy Trading!
SLong
by GreenDayTrade
SUSHI price ForecastThe daily chart highlights two clear trend lines. The longer-term downtrend is currently visible at $13.50 and is the first line of resistance. Successful clearance of this trend would constitute a bullish breakout and potentially target the may high of $22.52, around 75% above the last price. The second trend line sits below the market at $9.93.As long as the SushiSwap price remains above this confluent band of support, the prospects are positive. On that basis, I maintain a bullish outlook for SUSHI unless the price drops below $9.92. In this event, a return to the July lows around $6.50 becomes a possibility.
FTX:SUSHIUSD
by thomasfullerofficial
SUSHIUSDT Technical Analysis ⏳ Spot 💎 SUSHIUSDT after the big pump above the triangle is expected to go for a pullback since the buyers have already sold at the top., After the pullback we expect the price to reach previous high. 🏁 Short Term 💵 Invest Only 5% of your Portfolio 🎳 Entry at market or 13.300 ☕️ TP 11.880 🚫 SL 11.100 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals
2