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Sushi

SushiSwap | A Little More Drop And Then Massive MoveHey friends, hope you are well and welcome to the new update on SushiSwap (SUSHI). Different support and resistance levels: Since November 2020 the price action of Sushi was very strong bullish. Finally, Sushi found the resistance at $22.5 and after being rejected to two times by this resistance level it has been dropped to $6 support level. Currently, the priceline is moving between the $6 support and the $10 resistance. After $10 we have resistance at 13.5 dollar then the final resistance is at 22.5 dollars. The daily SMAs: On the daily time frame chart, after the drop the price action has broken down the simple moving averages with the time period of 50,100 and 200. There is also a death cross formed above the price line that is putting more pressure to the price action. The100 simple moving average is also moving down to form a bear cross with 200 SMA. Therefore, we can expect that the price action of Sushi might break down the $6 support level. Big bullish BAT pattern: on the weekly time frame chart, the price action is very close to entering in the buying zone of a big bullish BAT pattern. The buying and sell targets as per the Fibonacci sequence of this pattern are: Buy between: $5.38 to $3.08 Sell between: $10.85 to $19.07 The maximum extent of the potential reversal zone $3.08 can be used as stop loss. As per the above targets, this trade has a huge profit possibility of 500%, and the a high loss possibility is 42%. Therefore try to buy it within the potential reversal zone as low as possible. Conclusion: There is a little more drop expected as the price action is completing the final leg of the bullish BAT pattern. The daily simple moving averages are also signaling to a bit more drop. However, once the bullish harmonic pattern will be completed the price action can turn very strong bullish and can make another attempt to break out that $22.5 and resistance level.
Long
by moon333
(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
Sushi (SUSHI) - June 17Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (SUSHIUSD 1W Chart) We need to see if we can hold the price above the 7.0498946 point and continue the uptrend. If it goes sideways in the 10.8528552-17.3510977 section, it is expected to lead to a large uptrend. (1D chart) It remains to be seen if the price can sustain in the 7.9443046-11.6706336 segment. In particular, we should watch to see if we can move up along the uptrend line. If it goes down, you should check to see if it finds support at the 6.0811401-7.9443046 zone. As long as it does not fall below the downtrend line, an uptrend is expected. To convert into an uptrend, it needs to move above the 10.8528552 point and find support. However, if you do not deviate from the two downtrend lines, you should trade conservatively as there are restrictions on the uptrend. If it fails to break above the 10.8528552-11.6706336 section and falls, it is expected that the downtrend will continue, so careful trading is required. ------------------------------------- (SUSHIBTC 1W chart) It remains to be seen if the price can sustain above the 0.0002254 point. In order to continue the uptrend, we need to watch if it moves along the uptrend line. (1D chart) It is important to keep the price in the range 0.0002248-0.0002796. If it continues to fall, you can touch the 0.0001425-0.0001699 range, so you need to trade carefully. It needs to find support at least above the 0.0002486 point to turn into an uptrend. However, if it does not rise above the 0.0002796-0.0003070 section, it can maintain a downtrend, so careful trading is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:SUSHIUSD
by readCrypto
1
🆓SushiSwap (SUSHI) June-13 #SUSHI $SUSHISUSHI is in the $8 zone, this is an area where a recovery for SUSHI is likely, but if it doesn't come, SUSHI will continue to fall to the $6 zone before a strong rally to $12 or even 16$ this June 📈BUY 🔴Buy : 5.85-6.15$ if A. SL if B 🔴Buy : 7.8-8.2$ if A. SL if B 📉SELL 🔴Sell : 7.8-8.2$. SL if A 🔴Sell : 11.7-12.3$. SL if A ♻️BACK-UP 🔵Buy : 7.8-8.2$ if A. SL if B 🔵Sell : 11.7-12.3$. SL if A 🔵Sell : 15.6-16.4$. SL if A ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
by CryptoStation
5