Sushi
Atleast a 3X potential on SUSHI (I have it on margin)SUSHI is doing great things, providing an alternative from ETHERUM crazy gas fees. This thing is retesting its all time high, it held great during the past day troubles, and now is already starting to take off, while large caps still are uncertain. I feel like it is the start of a great alt season, and SUSHI provides a path way to it. The market cap is still around 2.6 bil, so great potential and risk to reward imo. Please comment your thoughts on the project. :)
SUSHI - Still Bullish! (As you asked)SUSHI is going through some correction but it's still in the bullish channel.
There are both Fib and Dynamic supports on the way down (around the area on the chart).
If you're into opening long positions, wait for the price to cross the resistance area and then after the first confirmation, you can open your positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
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SUSHI on the way to $23Since the end of April SUSHI has been trending up after it crossed back above the Bull-Market Support Band. SUSHI has consistently made higher highs and higher lows. However, it is currently bumping up against a zone that it has been rejected at many times before. Even in the time when SHSHI crossed over it failed to make the old resistance into support. If it breaks above again will this time be different?
Last time SUSHI fell below the area of resistance was the exact time that BTC went from 60k down to 50k. Everything else was pretty much the same; SUSHI was in an uptrend, the RSI was making higher lows, etc.
So, it seems that SUSHI is not one of those rare coins that moves independently from BTC. Therefore, as long as BTC holds, or moves up, the conditions to put SUSHI back to at least $20, and probably $23 exist.
I don't think $17 is the best entry as it looks over extended in the very short term. If it falls between $15-16 I am getting in on the move back up.
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Trade at your own risk.
BTC daily, for me it´s a big opportunity Fear is on the streets today, but on my view we just finally touched the 21 weekly MA, we always did in the past halvings, why not again now?
Oh, and every time that average becomes support we don´t see it again for aa long time, so, on my side we are just dropping some weak hands, and smart people are buying and will buy the dip.