SUSHIUSDT lets try this again shall we?sushiusdt fib move up from recent heavy retrace
market is in extreme fear now tho
and ABC correction from the 5wave move up july-sept now appears to be done on ether and btc (fingerscrossed)
front ran my guess at 37-38k by about 500$ which is hardly anything in the scheme of things
might sweep lows again but psycologically this looks like the bottom
prices hardly moving up or down (sell pressure easing) buy pressure hasnt kicked back in yet
consolidating around this level for btc with a move up (highvolume) being the confirmation as always.
Sushiusdt
Sushi Swap Fails To Break Major Resistance Zone-Sushi has risen over 13% the last week
-Price has been held up by 400 MA
-Sushi Swap is heading towards its mid term trend line
Sushi Swap has been doing fairly well over the last week compared to other coins in its class. Prices are up nearly 13% compared to the majority of coins being down -5%. Sushi Swap hosts a very impressive decentralized app as it offers staking, farming, swapping along with many other services. This platform has been growing in popularity & users over the last month as decentralized finance continues to eat away at all the centralized systems. As long as the market continues in a bullish fashion, we should expect SUSHI to continue rising in value.
Ever since SUSHI pumped off its low in late July, price has been holding above a mid term trend line very well. Price has bounced off this trend over 5 times which shows it can be relied upon as a strong support area. At the time of writing, SUSHI Is heading towards its last major support of $11.21 before price reaches this mid term trend. A bounce is likely at this trend as it also sits right next to the 400MA. This MA has been acting as support for over a month now. Any break below this MA & the mid term trend line will result in a bearish trend.
Considering the fact that SUSHI is near major support areas, we may also see a bounce off these levels as it has happened in the past. At the time of writing, SUSHI is trading near the end of its 5 day wedge. A break to the bottom trend of this channel will surely cause price to fall to major support of $11.21. If bulls manage to gain strength in the current moment & SUSHI breaks to the upside of this wedge, price will have to battle out the minor resistance of $12.17. In the event that price breaks & holds this, SUSHI will then head to its major resistance zone that must be fully broken to reach the given targets.
While looking at the Stochastic RSI, we can see strength just fully reset to the oversold region. If strength manages to gain its footing & bounce above the 20 value, SUSHI may be in position to pump out of the top of its wedge. The MACD recently broke the 0 value & is heading down into bearish territory. As long as the MA’s can cross bullish & bounce back above the 0 value, SUSHI will have a good shot at breaking its major resistance.
SUSHI Intraday Analysis
Spot rate: $11.56
Trend: Bearish
Volatility: Medium
Support: $11.21
Resistance: $12.17
Sushi long scalpSushi had a very strong upward movement in the last couple of days and now is retracing to 0.61 FIBO level. I expect a nice bounce from here cause this level lines up with 100 and 200 SMA 4h timeframe and a previous resistance turned support. long entry around 12,5 dollars and stop-loss just below 200 SMA. First TP would be 14.5 dollars and second the 16 dollars
There is a head&shoulders in the bearlish channel on SUSHI 4h On SUSHIUSDT 4h
There is a head and shoulder pattern in the bearlish channel .
But in the short term the Vegas Tunnel haven't gold cross and the short term tunnel need more time to go up.
So we can look for chance do long with Vegas trading system.
If it break out the channel
TP1: Fib 1 (14.850)
TP2: Fib 1.272 (16.430)
TP3: Fib 1.382 (17.069)
TP4: Fib 2 (20.660)
SUSHIUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market
target: 14 - 16 - 18
after first target reached move ur stop to breakeven
stop: ~9.5 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2.5
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13.986 Price Target for $Sushi Coin + Big Picture UpdateExcepting a breakout to 13.986. We are downtrending currently but I see this playing out 2 ways.
First: Simple way, We continue the dip no lower than the current low we have for the green lined pattern and have a test at the P.T.
OR
Second (Likely): We see the bottom to the trend at around 12.747 and begin an ascending triangle pattern play out into the night which more than likely send us straight to our price target.
Updates coming on what the bigger picture could look like. (2 Hr Time Frame Analysis)
Either way though. I am opening position's at support.
Happy Trading!
Sushi Swap potential cup and handle?As we see bet start moving up from the previous drop I expect the alts to start gaining some speed as long as the impending regulations do not hurt the price action. This idea is based on a bullish cup and handle pattern to which if the neckline is broken upward we should see a move to higher territory. This is a good project with a great use as more regs come in on exchanges.
Have a green week!
SUSHIUSDT Technical Analysis
⏳ Spot
💎 SUSHIUSDT after the big pump above the triangle is expected to go for a pullback since the buyers have already sold at the top., After the pullback we expect the price to reach previous high.
🏁 Short Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 13.300
☕️ TP 11.880
🚫 SL 11.100
Good Luck 🎲
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