Sushiusdt
Sushi - #sushi $sushiDear friends
I'll choose and follow scenario 1.
conditions are clear.
if support will broke, then must wait for further supports.
Disclaimer: Information is provided only for educational and exchange purposes only.
Do your research before taking any action or decision in the real market.
Sushiusdt: Ready for a deep diveHello traders!
I am expecting at least 25% dump in Sushiusdt. BTC is strongly bearish and I am expecting the same dump in Sushi.
Enter sell at 7.23 which is a true reversal point.
Stoploss is 2.1%
Target is 25%
Suggested leverage is 10x.
Don't forget to hit the like button and follow to stay connected.
SUSHI/USD this chart its so simple I'm not typing anything for it just leaving ............................................................................................................................................................................................................................................................................................
SUSHI: Long and ShortSummary:
1. SUSHI seems relatively strong in this downturn.
2. Several converging points seem to suggest a Long for SUSHI to the green rectangle.
3. A short can also be placed to hedge with a target to the red rectangle.
Chart: Daily
Scale: Linear
Trading Pair: SUSHI/USDT
Breakdown:
- Price broke above the upper parallel line of the red Pitchfork.
- This retrace came back to retest the upper parallel line of the red Pitchfork.
- A single negative vector extrapolation intersects at the projected reversal point (yellow box) adding confluence to the idea of a reversal to the upside here.
- Price is sitting slightly above an inner frequency line that did not break on this retrace.
- There is sloped (same slope as the pitchfork) inner frequency line in the counter trend pitchfork (green) that also intersects the reversal zone (yellow box).
- Lastly, the Hagopian's Rule seems to be in play as well with the failure of price to reach the center median line in the red Pitchfork.
SUSHI in a very bullish wedgeThere isn't much to say, all DeFi are about to wake up after a long free fall. VLPR shows the bottom of this huge falling wedge has been bought (up until 3 weeks ago) and now price is heading toward another test of the upper trendline. In general this pattern looks so neat that I'm personally very bullish, I wish I had more fiat to buy it right now.
One advice, this could even take another dip before breaking out so DCA your entry, I'd enter with something between 10-15% right now because it's uncertain. For sure eventually this will break out!
Good luck!
SUSHI LTF 4h correction?Seems like the bearish divergence on 4h chart is playing out.
The EMA 21 support did not hold.
Overall SUSHI did 100% with little to no correction so I think 30% corrective move is healthy with making HL and continuing with the uptrend.
If we do not make HL and make LL instead or lose $7.5-$8 support, there is a high chance we are gonna revisit the HTF range low (around $6) --> Check out my related idea on why was sushi currently pumping from the HTF pov.