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Sushi

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.
BINANCE:SUSHIUSDLong
by CryptoNCoffee
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.
Long
by CryptoMamba24
5
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. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
Long
by Yuriy_Bishko
7
Is is SUSHI about 5x?I believe we could be seeing a pretty significant bounce for SUSHI over the next couple of weeks heading towards the end of the year. The SUSHI/BTC pair seems to be in a falling wedge with a break out target at the top of the wedge which would put SUSHI at .00034 of a BTC. Assuming a $100k BTC that would put SUSHI at about $34. I also don't think it's unreasonable to go back to the golden pocket or to retest the top at .00054 Regardless, I believe SUSHI has a lot to gain in the near future versus. BTC.
SLong
by CryptoNCoffee
SUSHI has been tumbling, will Bitcoin come to its rescue? SUSHI has been underperforming, but can it be saved by Bitcoin? SushiSwap (SUSHI) is a fork of Uniswap that is based on the Ethereum blockchain. It provides a decentralised exchange that allows you to swap tokens, earn rewards via yield farming and provides other passive income opportunities, which have made it an attractive investment for many crypto enthusiasts. Since its launch in 2021, it has seen an impressive growth rate, evolving into a popular rival to the leading DEX Uniswap. Its performance has been linked to the performance of Bitcoin, and therefore Bitcoin's recovery is key to SUSHI's recovery from the recent crypto crash. SUSHI has been under a lot of pressure in the last few days plunging below $8 at the time of writing. Only two months ago, it reached its best level in four months at $16.31. But perhaps we must first wait and see if and when Bitcoin will rebound.
GEMINI:SUSHIUSD
by Capitalcom