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Sushiusdt

SUSHI anything is possible (Please read)Hello all, I was not going to publish this idea, but I decided I would share anyways. If BTC falls below 30k we might see 28k, possibly even 18k, so always remember to keep a close eye on the King of Kings. For now, my eyes are also locked on one of my favorites, SUSHISWAP exchange token. 🍣 It is possible we have bottomed out and are now seeing immense buy pressure after hitting the 6.3 bear target🐻. If we continue down I expect to see ~5.0 as mentioned above📈🎯. Yum... We are now back into the Pitchfork and bullish targets are possible here🐮🆗. Defi is the future of finance, our traditional finance system is broken. ‼🛑This is not financial advice‼🛑, for fundamentals on SUSHI (very successful fork off of UNISWAP,) feel free to click on some related ideas linked to this post. Thank you so much and happy trading all! Jazerbay 🐶
Long
by jazerbay
29
Sushi Prints Massive Descending Triangle Pattern-SUSHI dropped nearly -25% the last week -Price is hanging on to major support zone -250MA has held price down for 2 months Sushi-swap was full of hype a few months ago as the interest in using a decentralized swap skyrocketed. Price also followed as it rose nearly 5000% in a short 5 month period. Price started to turn around as BTC was flattening out around $60,000. Ever since then, SUSHI along with the majority of the cryptocurrency market has been in a strong downtrend. A newly formed price pattern may give a hint of when the next trend may begin. Sushi has formed a near 2 month long descending triangle which is shown in light green. This pattern is generally a bearish one but does sometimes break to the upside. At the time of writing, Sushi is hanging on to its last major support zone at $6.00-$6.55. If bulls fail to hold this mark, sushi will fall hard. At that point, price would have broken to the downside of its descending triangle and would likely visit levels of $5.57 & $4.88. Sushi-swap has nearly 9 days until the very end of its descending triangle formation. For a bullish breakout to occur, Sushi must first break & hold the major resistance found at $7.11. If this is deemed successful, price will then retreat to next major resistance at $7.76. This is where bulls must battle hard as the 250 MA also lies right near this resistance. As this MA has held price down for 2 months, breaking & holding above this mark will likely send Sushi to its major resistance zone near $10.00. While looking at the Relative Strength Index, we can conclude the RSI is having a hard time at staying above the 50 value. Anything above this value is considered bullish and it must hold above this to see a strong revival. The Stochastic RSI is hanging out in oversold levels. This is the area where the largest price drops occur so strength must bounce above 20 very soon or Sushi is in for another tumble. Sushi intraday levels Spot rate: $6.67 Trend: Bearish Volatility: High
 Support: $6.57 Resistance: $7.10
by CoinGape
1
SUSHI > Trendline Breakout > It's time to fall!Hello Friends, Hope you all are having a thrill in your trading journey. I am presenting you my analysis of Sushi. According to my technical analysis, SUSHI will fall as it just broke major trendline support and we have seen a retest. I hope my analysis is pretty clear to you guys. Kindly do your own research and follow proper risk management. Feel free to share your views in the comment section. Like and Follow! Best Regards, Shaswat Naman TradeThrill, India🇮🇳 Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by tradethrill
***SUSHIUSDTPER*** 1. TImeframe : 1H. 2. Indicator used : Ichimoku, Fibonacci retracement, Parallel channel. 3. Forecast : Generally, it is uptrend and price is in retracement trend. But it is quite early to say that this drop is just retracement or downtrend. We need more signals to make conclusion. At current time, I sure that price will react at key levels and we will take advantage to open LONG entry in short-term. 3.1 LONG-ENTRY. Buying zone : 7.4xx. TP : 7.8xx-7.9xx Stop-loss : 7.3xxx. Price will dump to 7.4xx for back-test and pump back to 7.9xx. 7.9xx is a very important key level. If price break out this area, uptrend will continue. Oppositely, uptrend is end and downtrend is coming. Therefore, just see carefully price's reaction at 7.9xxx and make right-decision. ***MINERAL SCALE INVESTMENT*** ***VIKTORTEA***
by Viktortea
(Update) SUSHI is still in a falling wedgeHi every one SUSHI/USDT SUSHI/USDT is still in a falling wedge.but there is a regular bullish divergence on MACD (+RD) which means a huge pump can happen to this currency. We just have to wait for confirmation (upward breakout). Previous Analysis Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
22
SHORT_SUSHIUSDT***SUSHIUSDT SHORT MARGIN*** 1. TImeline : 1H & 4H. 2. Indicator used : FIBONACCI RETRACEMENT AND ICHIMOKU (KUMO CLOUD). 3. Forecast : After strong downtrend, price pull-back to back-test resistance. Fist resistance is 7.5xx-7.8xx. When price touches this resistance, it is high probability it will be dump to 7.3xx. Consider other hand, 7.5xx-7.8xx is FIBO 0.5 of oscillate (9.6xx-6.0xx). Moreover, it is also FIBO 236 of big oscillate (13.5-6.0). Finally, senkou span B is playing as strong resistance at this area. As my analysis above, it is safe to open SHORT entry at 7.8xx. However, remember set-up stop-loss based on your risk/reward ratio. ***GOOD LUCK*** ***MINERAL SCALE INVESTMENT*** ***VIKTORTEA***
Short
by Viktortea
Sushi can increase from this point!Hi every one SUSHI/USDT SUSHI has a lot of bullish signs! as you can see the price is in a Falling wedge which is a Bullish Pattern! and also we have a Regular Bullish Divergences (+RD) on Both MACD and RSI ! also the MACD line is about to cross the Signal line upwardly which is of course another bullish sign.all these signs makes us think that Sushi can Increase but only after It breaks the wedge pattern! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
21