Bullish long on $SUSHI for a target of $40 Super Algorithm is still showing bullish and is producing a current green bar. If one has used the indicator, one would have unrealized 1072% non-leverage profit by now, as shown on the chart.
The FTX:SUSHIUSD has just passed the 50% fib area. It is a significant milestone. It quite often indicates price can and likely reach ATH in the long term.
As you can observe from the below chart, the $SUSHI price has created a good demand zone. I am putting the stop loss just inside.
Price going up when the parabolic SAR is going up is bullish. It is observed currently in the $SUSHI daily chart.
Currently, the $SUSHI daily price is at TD Sequential 5. I mean, there may be another four price rise day.
The $SUSHI daily chart is showing a higher high- higher low bullish pattern.
Ichimoku is strongly bullish on $SUSHI
Reasons:
Chiku is above the price & green cloud.
Price is above tenkan (red line). Tenkan is above kijun (blue line). Kijun is above a green Kumo cloud.
There are no tall structure in front of the Chiku.
Price has already retraced and bounced from the Tenkan and Kijun, finishing its retrace. It is not on its mission to hopeful $40 someday.
There is a squeeze (the red square marks) on the $SUSHI price right now. It means a big move is imminent.
