SUSHI/USD looking good to me... Hay All Traders,
I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY... At this time, I do own a small amount of this coin!
I'm looking at the daily chart and putting on my version of the RSI, and yes, it has a lower lowered, but it's still hodling the overall trend. With my version of MACD, it's still red, but I'm looking at the bars at the top, it's popping out of the "Linear Regression," my look back is the last 100 days and 10 days, and I'm using Linear Regression as support and resistance.
And looking at the 1H chart, it looks even better to me!
SUSHIUSD
SUSHI Consolidates Within Ascending Channel, Bulls Eye Break -SUSHI has risen over 30% the last week
-Price has been respecting an ascending channel
-75MA will act as support if necessary
Sushi Swap experienced great hype in the earlier months of this year but has since fallen a bit under the radar. Its main competitor, Uniswap, has still been holding well throughout the market as platform visits have been increasing over the last month. Since BTC has broken out of its $40,000 resistance, many alt coins have been surging off their lows. SUSHI has been attempting to break free from a major resistance zone over the last 3 days but has fallen short. If BTC can gain its footing soon we should see SUSHI above $15 in no time.
Since the 20th of July, Sushi Swap has been in a healthy uptrend. Price has been supported within an ascending channel as each time price touches either trend, it gets rejected to the opposite trend. For SUSHI to experience a strong breakout, price must break & confirm its major resistance zone found from $13.39-$14.24. If bulls manage to pull this off, we should expect price to rise to at least $15.59 & potentially $16.58. If price manages to break & hold the top trend of the channel, SUSHI will go parabolic.
At the time of writing, SUSHI is holding the median line of the channel. If at any point bears assert their dominance & Sushi breaks below this trend, we should expect price to fall to the bottom trend of the channel. Along with this median line lies a near 3 month trend line that has held price down from a bullish trend. Just 2 days ago, bulls managed to break this trend line and have since been able to hold. Breaking both of these trends will likely result in a minimum -5% downfall. In this case, Sushi Swap will likely find support at $10.63.
While looking at the Stochastic RSI, we can see how strength reset to the oversold territory. As long as strength manages to break out of this zone, this is a good sign that SUSHI is regaining strength for its next upward push. The RSI has been hanging out above the 50 value for nearly 9 days. A strong push into the overbought territory is needed for SUSHI to break out of its major resistance zone. If at any time strength breaks below the given trend line, expect price to start some type of downtrend.
SUSHI Intraday Analysis
Spot rate: $12.85
Trend: Bullish
Volatility: High
Support: $12.02
Resistance: $13.39
SUSHIAlthough sushi just pumped pretty hard, it may be due for another one if btc continues its uptrend.
Trend is testing resistance multiple times, trend has also been accumulating on current support at 7.82 against resistance at 9.58. Overall trend is still in an uptrend as shown.
its funny cause alot of alts across the board all look bullish and prime for another move up.
Most definitely keeping an eye on SUSHI as well.
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SUSHIUSD: 700% gains BEST level TO BUY/HOLD(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
🔸 Summary and potential trade setup
::: SUSHIUSD 2daily chart review
::: accumulation in progress now
::: BULL flagging - strong chart
::: final pullback likely
::: BUY LOW later after pullback
::: 700% gains is not a typo
::: already BROKE OUT
::: MARKET BUY NOW / 700% upside
::: LONG RANGE OUTLOOKS
::: this is not for short-term traders
::: accumulation NOT COMPLETE YET
::: 1000%+ gains still possible
::: currently trading near range highs
::: BUY/HOLD setup TP +700%
::: previously recommended buying low
::: up to 1000% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +700% gains
::: details: see chart
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: PULLBACK/RANGE LOWS
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Sushi Prints Massive Descending Triangle Pattern-SUSHI dropped nearly -25% the last week
-Price is hanging on to major support zone
-250MA has held price down for 2 months
Sushi-swap was full of hype a few months ago as the interest in using a decentralized swap skyrocketed. Price also followed as it rose nearly 5000% in a short 5 month period. Price started to turn around as BTC was flattening out around $60,000. Ever since then, SUSHI along with the majority of the cryptocurrency market has been in a strong downtrend. A newly formed price pattern may give a hint of when the next trend may begin.
Sushi has formed a near 2 month long descending triangle which is shown in light green. This pattern is generally a bearish one but does sometimes break to the upside. At the time of writing, Sushi is hanging on to its last major support zone at $6.00-$6.55. If bulls fail to hold this mark, sushi will fall hard. At that point, price would have broken to the downside of its descending triangle and would likely visit levels of $5.57 & $4.88.
Sushi-swap has nearly 9 days until the very end of its descending triangle formation. For a bullish breakout to occur, Sushi must first break & hold the major resistance found at $7.11. If this is deemed successful, price will then retreat to next major resistance at $7.76. This is where bulls must battle hard as the 250 MA also lies right near this resistance. As this MA has held price down for 2 months, breaking & holding above this mark will likely send Sushi to its major resistance zone near $10.00.
While looking at the Relative Strength Index, we can conclude the RSI is having a hard time at staying above the 50 value. Anything above this value is considered bullish and it must hold above this to see a strong revival. The Stochastic RSI is hanging out in oversold levels. This is the area where the largest price drops occur so strength must bounce above 20 very soon or Sushi is in for another tumble.
Sushi intraday levels
Spot rate: $6.67
Trend: Bearish
Volatility: High
Support: $6.57
Resistance: $7.10
SUSHI LONG 20210711Signal:
Blue -> Green
Red -> Green
SUSHI, SUSHISWAP, SUSHIUSD , SUSHIUSDT , SUSHIUSDTP, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
50EMA is holding, for how long ?#SUSHI/USD TA Update:-
$SUSHI is currently trading at $8.15
SUSHI is still in his ascending channel and 50EMA is holding in 4h chart.
We can see a retest at 7.75 before a rebound. If not, it can also retest the previous support that he broke july 4th around 6.74.
I am watching for now.
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(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
Sushi can increase from this point!Hi every one
SUSHI/USDT
SUSHI has a lot of bullish signs! as you can see the price is in a Falling wedge which is a Bullish Pattern! and also we have a Regular Bullish Divergences (+RD) on Both MACD and RSI ! also the MACD line is about to cross the Signal line upwardly which is of course another bullish sign.all these signs makes us think that Sushi can Increase but only after It breaks the wedge pattern!
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
SUSHI - It's over for now!Sushi did a great run and made it to the Binance list today with a 20% pump.
But now all indicators are showing a bearish signal.
Also all platforms are showing high sell volumes, so I think before going up it needs to touch a support or consolidate for a bit.
So hold on and wait for the next bullish move, don't FOMO, it won't go up for now.
Current Market Price: $8.552
Good Luck
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Sushi (SUSHI) - June 17Hello?
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(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.
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(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.
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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)
SUSHI LONG if a Breakout is confirmedSignals: Blue -> Green
Structure: Breakout the resistance line
Need a breakout confirmation
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.