SUSHIUSDT.3L trade ideas
SUSHI/USDT Local operation 11 06 2024Logarithm. Time frame 3 days. The price is in the support zone of the mirror level, in the so-called “neck” zone of the head and shoulders. The reversal zones, as well as % to key support/resistance levels for orientation, showed on the chart. Since the last update (half a year ago) this coin has shown maximum values of +250%, exactly to the specified maximum zone of the local trend (alt. season), from it and reversal.
Long-term , of course, long.
Medium-term is questionable , depending on the outcome in this local zone.
Look at the main trend (this is a part of the chart). It is worth noting that this is a very “promising” crypto wrapper (pumped up more than +4700%) in the last cycle according to most analysts and hamsters. What happened after a while — the chart is a witness to that (business as usual). Declines of -97% and sideways. Everything that hamsters and their handlers shout now: “promising and revolutionary” will similarly depreciate (after pumping) after a while, after giving “gifts” to hamsters on XXX. Don't forget to sell your “promising” crypto garbage.
Replica ---- SUSHIThe consecutive days of decline have exhausted the bearish power. The short-term FUD brought by Mt. Gox is nearing an end, and the main focus of the crypto market will return to monetary policy. Although Powell will speak at a regular meeting these two days, Thursday's CPI data will determine the subsequent trend this month.
Today we will talk about a classic Dex, Sushiswap. In traditional industries, if one entrepreneurial company succeeds, there will be many following companies that will copy the model of the successful company. As the folk protocol of Uniswap, Sushi was comparable to Uniswap in terms of transaction size and token performance in the early times. However, after the DeFi summer and the crypto winter, Sushi did not innovate, but continued to imitate Uniswap, causing it to lose its second place. Whether it is TVL, 24h transaction volume or handling fees, they are all in the middle of Dex.
If you want to simply swap you might use uniswap, if you want to swap with the most selective path you might choose 1inch, if you want to swap memes you might use Raydium. So, why choose Sushi? I prefer to eat pancake better than sushi.
From the trend of SUSHI, we can find that in this ETF cycle, UNI's performance has been significantly due to SUSHI. This is after UNI received the Wells notification not long ago. It can also be seen from the indicators that after the TSB indicator prompted a SELL signal on July 4, SUSHI began a new decline. In the recent rebound, SUSHI performed worse than other tokens.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Alikze »» SUSHI | Complementary wave C scenario🔍 Technical analysis: Complementary wave C scenario
- In the previously presented analysis, the C wave stopped at 0.78 fibo of the previous wave.
- It is currently moving in a descending channel in the 2D time frame.
- There is an FVG gap and it is now in the middle of the channel, which is also symmetrical with the 0.78 Fibo range.
- If it faces selling pressure again after filling this gap, it can touch the specified areas in the continuation of the completion of wave C.
- Therefore, according to the current downward momentum, the pullback can be a broken structure.
💎 Alternative scenario: In addition, if it can break the neckline upwards after filling the FVG gap and exit the descending channel, it can retest the supply zone.
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Sushi potential reversal areaLooking for a potential reversal area and currently my eyes are on the highlighted levels.
Expecting a strong bounce afterwards
BUY SUSHI (spot)CRYPTOCAP:SUSHI is a token from the decentralized exchange SushiSwap on Binance chain.
TP and SL only for paid customers. Buy spot btw.
SUSHI BounceSUSHI is starting to flip green on our Premium indicator on the H4 time frame. Looks good for a short term relief bounce
SUSHI Preparing an OpportunityWe got the expected downside, and then some.
My primary count consider black C should be in its final stages, which could give us a great long opportunity.
But I don't trade waves, I trade price action, so let´s be patient and wait for some sort of reversal.
Sunday Market Calm: Bitcoin and SUSHI Insights🔍Let's dive into today's analysis. The market is quite range-bound and lacks volatility since it's Sunday and the trading volume is low. As usual, let's start with Bitcoin analysis:
👑 Bitcoin Analysis
1-Hour Timeframe
In the 1-hour timeframe, we still have an ascending channel where yesterday, the price stabilized above its midline. However, as mentioned earlier, there is currently no bullish momentum in the market, which is why I haven't opened any positions and remained in a no-position stance.
🔻 Interestingly, the price was supported at 64247, making this trigger more reliable. Upon breaking this short-term support, I will open my short position. However, given the low market volume, it's better if selling volume enters the market simultaneously with the trigger break. The RSI confirmation trigger is 44.53, but due to the ranging market, momentum oscillators are less reliable.
📈 For a long position, the risky trigger at 64530 is still on the table, but I strongly advise against opening a long position in the current conditions. It is better to wait for the market to build more structure.
🍣 SUSHI Analysis
Project Overview
The coin we will analyze today is SUSHI, which is a DEX platform in the DeFi space. This platform allows decentralized trading of cryptocurrencies. Additionally, by creating Liquidity Pool Tokens (LP tokens) on this platform, you can generate income. This relates to the DeFi sector, and I recommend thorough research before entering this space.
Technical Analysis
In the 4-hour timeframe, it is evident that there is a downtrend that started from the 1.295 resistance and reached the 0.791 support. Using the Fibonacci retracement, we see that between the 0.791 support and the 0.859 level (which is also the 0.236 Fibonacci level), a range box has formed, indicating a resting phase. The SMA25 has reached the candles and turned the previous candle red. If the SMA25 can inject momentum into the market, we can expect the market to become bearish.
📉 For a short position, I recommend opening a short position upon breaking 0.791, with a target of 0.64. It is crucial that volume increases; otherwise, the trend will weaken.
📈 For a long position, wait for the price to stabilize above the SMA25 and for the RSI to hold above 47.03. You can open a position upon breaking 0.859, but since this is against the trend, buying volume in the candles must be high, and the target should be small. The 0.382, 0.5, and 0.618 Fibonacci levels can be suitable targets for this position.
♟ Personal Strategy
I will definitely open a short position upon breaking 0.791 because if this area breaks, a significant bearish momentum will enter the market, potentially leading to a substantial decline. However, for a long position, I will not open one at the moment and will wait for the market to build a structure that fits my long position strategy.
📝 Conclusion
Today’s market analysis highlights the importance of patience and strategic positioning. For Bitcoin, the lack of bullish momentum suggests a cautious approach, avoiding long positions until the market shows more definitive signs. SUSHI presents potential opportunities on both the short and long sides, but volume confirmation is key to avoid false moves. Remember, in low-volume conditions like today, it's best to wait for clear signals before making any trading decisions. Always prioritize risk management and thorough analysis before entering the market.
Sushiswap (SUSHI): Looking For Downward Move / Bearish ScenarioSushiswap is looking interesting after that last rejection from local EMAs, where price has been pushed back to liquidity support zone.
We are waiting for that breakdown to happen, which would result in a nice movement to lower support zone.
Swallow Team
SUSHI is in decision pointSUSHI is in decision point, if BTC is trying to test zone betwen 52k-48k SUSHI new target will drop to 0.479$ othervise if SUSHI start to grow up i think long term target will be in range of 7.5$ - 12$.
THis is not Trade Advise, make your decision in your own!
BUY $SUSHISushi is a Decentralized automated exchange without any third party controling the back end of the company. Based on CRYPTOCAP:BNB binance chain.
Bisaya Mithod says Sushi must be LongFIB 0.786 is a good entry to Long Sushi. A quick exit at FIB 0.618 and 0.5 is recommended.
SUSHI/USDT Secondary trend. Horizontal channel 11 months = 108%Logarithm. Secondary trend. Time frame 3 days.
Long-term horizontal channel (accumulation) with the step of 108%, currently 11 months long. The key “level” of the channel formation is 1.128 (last update, before the accumulation formation).
There were no stop loss withdrawals under this channel at the moment. The price is currently at the lower zone of this channel. Potential reversal zone. Working in the channel.
This is what it looks like on the line chart.
Main trend. Time frame 1 week.
SUSHI - The Worst Is Yet to ComeLooking at this SUSHI/USDT weekly here and I believe the worst is yet to come, for this and some of the other alts as well.
Sushi took out the SOS highs, and then fell right back below them. That's a textbook re-distribution, which tells me that we have to take out the lows, at the very least.
On top of that, you have this measured move from the head and shoulders that lines up perfectly with the 1.618 down at $0.3777.
This is another "low volume coin" on Binance, similar to WAVES, OMG, and XEM. I believe it could also see a similar breakdown.
30 Day Volume is under $5m, just like the 3 that were already de-listed. Even if Sushi doesn't get de-listed, it could still drop just as heavily in the coming days.
If you are holding or trading Sushi, be careful!
SUSHI/USDT Ready For a Bullish Reversal From a Key Support💎#SUSHIUSDT is making a pivotal retest at the lower boundary of its ascending channel. We expect a bullish rally from the $1.10 support level towards the channel's upper resistance.
💎However, if #SUSHI fails to sustain momentum from the $1.10 support and breaks below, we could witness a continuation of the bearish trend. The next essential demand zone at $1.02 is on standby, known for its capacity to drive significant bullish reversals due to its strong liquidity.
💎 In contrast, if CRYPTOCAP:SUSHI tests this demand zone once more, it's vital for the asset to confirm a rebound to sustain its support level. Any failure in this regard could amplify bearish forces, negatively impact market sentiment, and potentially precipitate further price declines.
💎Keep your trading strategies flexible and your senses tuned, Paradisers. Your ParadiseTeam is vigilantly tracking these developments and ready to navigate you through the fluctuating dynamics of the #SushiSwap market.
MyCryptoParadise
iFeel the success
BUY $SUSHICRYPTOCAP:SUSHI is a decentralized crypto exchange. Based on the Binance coin network. Looking like it will raise in value this short term interval.
Is it time for make decent profit on SUSHI?0.8-1 area was beautiful opportunity enter, but don't worry we got another chance right here. Sushi couldn't break 1.1 area in last month. Fortunately we see big bull candle close above 1.1 area and consolidating over it. That is a great sign to go up and lovely to see it. And beautiful H&S pattern forming right now. If you don't want to take risks and wants to take it slow, I suggest you enter in long position after neck breaks.
Sushiusdt Buy opportunitySushiusdt has finished 5 downward waves and is anticipated to proceed with a minimum of 3 corrective waves moving upward. We have indicated the buy opportunity area, as well as the supply zone as the immediate target, along with the final setup target.
The post will be updated as the market progresses.
Keep an eye on the #SUSHI/USDT Diagonal Trendline in 4-Hour TF!Keep an eye on the #SUSHI/USDT Diagonal Trendline in 4-Hour TF!
Wait for BO/retest to open a Short position. The local support level is PWL $1.037.
Sushi shortSushi broke trough off the lower boundary of ascending channel. Bearish movement to support level at 1.06 is expected to happen.
Potential Long on SUSHIUSDTBINANCE:SUSHIUSDT eventually broke through 1.0719 area and is doing a retest of that area. If the zone is maintained as a new found support, we just might see some new highs on #SUSHIUSDT.
