Get started

Sushi

CFX CRITICAL RESISTANCE LINE AND RISING WEDGEIn this logarithmic chart of BINANCE:CFXUSDT is the near yearly resistance line of the coin. I started to assess this trendline after its pump last week and price consolidation has been observed near on the resistance. Also, sharing this rising wedge pattern below that could be a sign of rejection of the pump and reversal of the uptrend. Presented in yellow arrow line is the bearish divergence from my indicator, RSCD (RSI MACD) forming a lower high and the price forms a higher high. The diagonal support line is also presented. In my view, breakdown can happen but to the point of forming another diagonal support since there would be people who would still want to buy from the pump. But if not, I plotted the potential support lines by using Fibonacci retracement. The coin could enter a reversal but if in case it regains a momentum to breakout on the wedge. I would consider these two potential resistance lines. (1) Currently, the coin has touched the 0.5 resistance level multiple times as it tries to touch again and possibly breakout. With that, consider the 0.618 Fib level. (2) I would also consider the .382 Fib level from its higher high on the daily timeframe. Backtesting this trendline had some events of being a critical trendlines (support and resistance) of the price movement. Overall, based on the structure above, we will see BINANCE:CFXUSDT rejected past the long trendline with a rising wedge pattern on its current movement, favoring a bearish trend. Always PLAN your trades. Happy trading!
Short
by luigi360swirl
SUSHI/USDT Ready to Upward Momentum ??? SUSHI Analysis Today💎 SUSHI has undoubtedly seized our attention with its impressive rally, soaring from $0.52 and decisively shattering the broadening wedge pattern amid substantial trading volume. A successful retesting phase underscores SUSHI's potential for continued bullish momentum. 💎 However, a critical juncture awaits, as SUSHI grapples with a formidable resistance zone. To sustain its upward trajectory, breaking through this barrier is imperative; otherwise, a retreat to the demand zone for regathering strength could be on the horizon. 💎 Should SUSHI manage to penetrate the resistance, the probability could smoothly sail towards its next targets, including the supply zone and potentially even the bearish OB area, with relative ease. 💎 Conversely, a precarious scenario unfolds if SUSHI retraces and fails to hold its ground within the demand zone. Such a downturn would signal a weakening bullish resolve, possibly sending SUSHI into a downward spiral toward its next stop at the support zone. Here, a crucial battle would ensue: SUSHI would need to rally and reclaim lost ground, or risk a further descent into the depths of the key support area, marking a significant bearish shift in its market narrative.
by MyCryptoParadise
1
Sushi longI think Sushi from now will start climbing. If October, will be Uptober we will soon see a very good entry point for Sushi... If Sushi breaks the trendline and we see some confirmation and some volume coming in - I think it could be a good time for a buy. I see Sushi at 0.8 (about 30% profit) as the next target. I think a 1:1 risk/reward ratio play look good for a spot trade. Even leverage on small time frame could be great play if Sushi pops and get some momentum from breaking the trendline.
Long
by TaTaTaCrypto
SUSHI/USDT falling wedge Breakout? 👀 🚀 SUSHI Today Analysis 💎 Paradisers, get ready for an exciting opportunity with SUSHIUSDT! The asset is currently holding a crucial support level and is primed for a bullish trajectory👀 💎 On a High Time Frame (HTF), we're close to witnessing a breakout from a falling wedge pattern. If this occurs, expect a powerful bullish surge. 💎 We're looking at two key scenarios: one involves resistance at the 0.832 level, and the other focuses on a supply zone at the 1.200 level. Anticipate price rejection at these levels as you navigate your trading strategy. Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Long
by MyCryptoParadise_Simon
SUSHI and good positionAs you can see from the chart and one-hour time frame: 1. We have reached the good area of the buy order block 2. The conflict of the price with the downward trend line has increased and it is more likely to be broken 3. We have price divergence and RSI indicator 4. The RSI indicator has approached the oversold zone 5. It is placed on a good support range 6. In the visible valley we clearly see the hammer candle All of the above can indicate a good position for a long position. #personal opinion Good luck and profitable
Long
by mansour1978
🔥 SUSHI'S Best Trade You Will Make This YearSUSHI has found very strong support at the 2020 lows a couple of weeks ago. Since then, SUSHI has been seeing strong gains. This trade is based on the idea that SUSHI's bear market low is in and that we will generally only go up for the foreseeable future. I'm expecting a minor correction over the coming weeks, hence the entry at 0.7, stop below the May lows, target at 23$. This is a long-term trade and can take another 2 years to hit the profit target. Nevertheless, a risk-reward of >100 is incredible and can lead to some serious gains.
Long
by FieryTrading
13
$SUSHI Performing Ascending Triangle in 1D TF Also BREAKOUT DONEWhat the Ascending Triangle Shows Us The ascending trend line chart pattern is a bullish formation. It signals that the market is consolidating after an uptrend, with the buyers still in control. The occurrence of the higher lows is pointing toward a likely breakout as the wedge narrows down." **There are three key features of an ascending triangle: Strong trend - In order for the ascending triangle to exist in the first place, the price action must stem from a clear uptrend; Temporary pause - This element refers to the consolidation phase, which will help the buyers consolidate their strength; Breakout - The break of the upper flat line marks the breakout, which activates the pattern. It also helps us determine the entry, take profit, and stop loss at a later stage.
Long
by UnknownUnicorn26572303
SushiSwap $1 move?👀 SUSHIUSDT Today Analysis 💎 Sushi USDT is primed for an impressive move, currently trading in a demand area and setting the stage for a bullish trend. 💎 It's maintaining strong momentum above the EMA 50, having successfully closed one daily candle above it, which further strengthens the bullish outlook. 💎 Above, there's a supply zone that the price is expected to reach, grab liquidity, and mitigate. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon