Sushiusdt
Is SUSHIUSDT ready to recover to previous highs?SushiSwap is a type of a decentralized exchange called an automated market maker (AMMA). Automated market makers lets users trade cryptocurrency tokens with no central authority managing the trade. SushiSwap uses mathematical formulas to set prices and processes trades using smart contracts. On the first day of trading the price made a high at the $15-$16 range and then started a strong downtrend that resulted in the price going to a low of $0.5! The reason for this was that SushiSwap wasn't the first AMM, it is based on another AMM, called UniSwap. UniSwap's code was used to create SushiSwap, there was nothing new about it, Which was why the price crashed more than 95% in a matter of 2 months. It wasn't attractive enough, investors just kept on providing liquidity to UniSwap's pools and very few switched to SushiSwap. By that time, everyone thought that the token is dead and can't recover, but the anonymous developer of SushiSwap, who goes under the fictitious name "Chef Nomi" , had a different idea. He/She was able to come up with a tactic help SushiSwap gain an edge on its rival. Users would have to deposit UniSwap tokens to earn rewards on SushiSwap. Those who switched from UniSwap to SushiSwap gained alot more rewards on SushiSwap, Which resulted in SushiSwap gaining about $800 million in crypto funds. That's when the price started recovering and was able to make a high of $23 on March,2021. Looking at the chart of the coin we can see that the price action is very noisy and slow. Currently the price is returning to a very strong demand zone at the $6.9 range, Which is the 25% of the distance between the high and the low. The 25% level is a very strong support, the last time Sushi tested that level, it formed a double bottom pattern that resulted in a strong reversal to the upside. After that the price came back and tested the neckline of the double bottom, had a weak bounce, then started a strong downtrend. I am expecting sushi to bounce again from that level especially with the RSI being oversold on the Daily chart. Developing price action will hint if the bounce is strong enough to recover to previous highs. I will keep y'all updated.
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Here we have our SUSHI crypto chart.
This asset has seen a great fall down to some historic Support and buy zones.
As you can see, we are very far off the Previous MA's the resistance formed prior to this move.
Our stochastic oscillator is also very low.
We are now looking long due to this overselling, with our target defined by the directional arrow.
SUSHI READY TO FLY 35in Next coming 45 days sushi fly next ATH Target at 35 USDT.
BIG Support 7-8 usdt
BTC now looking good and Sushi chart show bullish flag ... for next long PUMP
Expected first PUMP above 30% 12USDT
and Next 16 USDT
Stop Loss not required Bcoz you buy Minimum Qnt. as you safe your Liq Position.
Means. EXP.
You have 1000usdt means Buy 2* Qnt.
SUSHI - is going to break this trendline 👀SUSHI is moving in a downtrend. It is worth noting that a trend line is forming on the chart and volume appears on the bottom. This is a good signal. A breakdown of the trend line could be a good buying opportunity. But also the price could go down, gather liquidity, and then go to break the trend line.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
sushi long swing ~i have a feeling alt season is coming,
a lot of people are scared of crypto right now, and that is usually when we see big moves take place in this world.
when the majority is fearful, that is when i am greedy, and when the majority is greedy, i am not fearful - i'm simply selling them my bags :^).
simple swing here with a tight stop loss.
zig-zag into the 0.618% extension. so long as this local pivot holds, sushi will run.
target = $16
ps. it might run a lot higher, but i'm not interested in catching the whole move.
SUSHI/USDT ChartHi, before I start to talk about sushi I would be grateful if you like, follow and comment your thoughts about crypto in general.
First I will talk about the fact that SPX is hitting several new ATH lately and that could have a huge influence in crypto market in the next month.
BTC is also seeing a slow comeback but I believe that we won't fall in a bull trap yet. However we all need to be careful and plan a good exit position (I will talk about BTC when that happens).
Now talking about SUSHI, we can observe a bullish divergence in the 4H chart, and in the daily chart we can observe that the coin hit the bottom at the 8.67$ range. For me the next target would be the 10$ area (in the short term). Comment what you think please.
SUSHIUSDT CONSOLIDATE BEFORE MOVE HIGHERSUSHI (4H - Chart) - Technical Analysis
This is a legendary coin currently in its longest sideways period.
Major support is in the 6$ area, with minor support at 8.8$.
Seen there is a slight rebound that lifted the price up around 2-3%.
If it manages to survive in the area of the box I made.
SUSHI will pump high when it comes out of its boring period and starts a new bullish phase
Keep in mind leverage trading can be highly risky, trade with not more than 5% of your funds in leverage trades.
*Not financial advice.
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SUSHIUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market
target: 14 - 17 - 20
after first target reached move ur stop to breakeven
stop: ~9.4(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3
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