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Sushi

🍣SUSHISWAP price. Is it time "to taste" SUSHI again?🥢Today we will consider the trading pair SUSHIUSDT on the daily timeframe and tell you why this chart has attracted our attention. During the DeFi boom of 2020-21, the SUSHISWAP protocol was quite popular and was always in the top 10 in terms of TVL. The maximum locked amount of pledged assets in the SUSHI protocol reached $7 billion, which was about 4% of the total TVL of the DeFi sector. As of today, about $550mn is locked in the SUSHISWAP protocol, which is about 1% of the total TVL of the DeFi sector. In principle, this is not a bad result and the share of "influence" in the DeFi sector. If we take into account the fact that the price of the SUSHI token has decreased by -90-95% over the past year and depreciated by 13-15 times. So why has this project attracted our attention now, you may ask? And we will answer: 1. Increased trading volumes that began to return to the SUSHIUSD trading pair, and accordingly, this is an increased interest of both buyers and sellers to the coin. There is interest in the coin, so the project is "alive" even after such a strong and long fall. 2. Buyers managed to break through and consolidate above the liquidity zone of $1.50-1.60 and this is on the daily time frame. For the last six months, this liquidity zone was a strong resistance and did not let the price go up. 3. Even the most modest assumption regarding the potential for SUSHIUSDT price growth to the range of $3-3.30 from current prices is x2. Moreover, it can still be growth within the downtrend, that is, the price will be below the red trend line. Summarizing: In our opinion, as long as the buyers of SUSHI manage to keep the price above the liquidity zone of $1.50-1.60, there is a good potential for the price to rise first to $2.30, and in the best situation to $3-3.30. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
21
Sushi climb to the moonIt is in an ascending line in the one-day time frame In this 1 year, the price has been at the point of convergence and is ready to climb to the high targets Keep in mind that if the drawn line fails, it is possible to reach the prices of $1.10 and $1 Keep in mind that you can enter any reversal in any modification At the prices of 140 and 150, it is the best position to enter this currency And targets up to 2 dollars 2.50//2.80/3.00/320/3.40/3.60/4.00/4.50/5.00
Long
by Lion_crypto_VIP
SUSHI/USDT - LONG DAILY BYBIT -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ SUSHI/USDT ⚡️⚡️ Exchange: ByBit USDT Trade Type: Regular (Long) Leverage: Cross (2.0X) Active Trailing Entry Orders: 1) 1.792 - 32.971% (33.6352 USDT) Entry Orders: 1) 1.713 - 0.0% ❌ (Merged) 2) 1.67 - 16.745% 3) 1.622 - 16.747% 4) 1.575 - 16.72% 5) 1.527 - 16.815% Take-Profit Orders: 1) 2.137 - 75.0% 2) 2.449 - 20.0% 3) 2.938 - 5.0% Stop-loss Orders: 1) 1.376 - 100.0% Trailing Configuration: Entry: Percentage (4.5%) Stop: Percent Below Highest (5.0%) - Trigger: Target (1) Opened at 2022-10-30 15:48:15 Client: My-ByBit USDT
Long
by Mahdicryptodotma-pro
SUSHI : DAY UPDATEAt this moment most markets are into the breakdown, and markets are still not on a level where you can say wow. But there and here there are some trends, for example, SUSHI shows some interesting trends in a low time frame but to where? Know that we are in a time where TP took more than every time before - which means that by most of the increases the coins return, but this means not any guarantee for new increases. Interesting to see or Sushi will hit between 10% -25% coming time
Long
by Goldenbreakout
1
$SUSHI | Similar Fashion Here PotentiallySUSHIUSD has done this pattern similarly if you scroll to the right: breaking Bollinger Bands upper band with extreme levels of over bought in an almost TRIPLE TOP fashion. Plus a decent sized bearish candle that followed. Difference we have here is it's being rejected off of a major resistance zone (drawn off WEEKLY). I think we see the beginning of a downtrend which follows suit with the crypto market in general currently. Potential landing points are the support lines drawn off the daily. A safe trade is the STOP LOSS above the SWING HIGH and take profit above the nearest support line but if an avalanche happens I suspect the 2nd support line to be adequate because you also have to take into account the 20 MA and 50 EMA which would be around that area.
COINBASE:SUSHIUSDShort
by CryptoHotep
1
Sushi - Bearish Divergence 4HSushi has ben on the roll recently, with strong bullish pressure making its price reach its multi-month high. On the 4H time frame SUSHI is forming a bearish divergence with higher highs on the price and lower high on both MACD and RSI. RSI its losing momentum at the moment of the writing, while still sitting in overbought territory. I would open a short at these price, with target price at the demand zone at around $1.2. Remember that buying pressure is still very high as highlighted by the volume levels, thus play safely.
Short
by crypto_angelz
SUSHI the last resistance before FOMO kicks in SUSHI / USDT SUSHI become one of first coins to break its major trendline resistance which could be a start of new bull cycle But before we get excited there is last important resistance in my chart breaking it out with strong volume will complete the inverse H&S which is another bullish pattern then fomo will kicks in Keep your eye in this coin ! ❤️if you enjoy my long term analysis then dont forget to support my work so i will publish more ❤️
Long
by Babenski
26
SUSHI hit targets again. 340% profits. What's next?Hello, dear TradingView members. This is a SUSHI idea. Once more, we opened our positions on SUN around the $1.087 area, which was a solid support level and a great buy/long opportunity. So far, we have made about 34% (340% with a 10x leverage) profit, and it's safer and more logical to close all positions now. Do not FOMO. If you're a risk taker, you can wait for the solid resistance and close your positions, but don't forget to use local resistance as your SL. As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement. There are three support levels on the way down, which will let us open more long positions when we get more confirmation. But for now, we should wait and see. RSI is overbought, and the price has more room to go down. Now let's see your ideas. Let's have a discussion. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
6
BITCOIN 6H Breaking TrendLine Now In the previous analysis, I mentioned the support of the trend line in the 2-hour time frame, and the first drawn trend line supported the price. Now, in the 6-hour time frame, I have drawn the support and resistance range, and the drawn trend line has recently been broken, and if the pullback is completed, it will increase the price and break the resistance, otherwise the fall will continue. Its not Buy or Sell SIGNAL DYOR BY : M.TeriZ - @AtonicShark
by AtonicShark
2