SUSHI 12h If you keep Sushi too long, they may spoilIt has been a long time since the previous ideas were published. And during this time, a lot of interesting things happened on the Sushiusdt chart.
Probably the most memorable squeeze for $1. Then the lovers to trade with a margin leverage and even without using stops were very painfully shaved.
And those who organized this flow bought very cheaply.
Since then, the price has been growing steadily and without stopping, having already made almost x6.
Now, the price reaches the strong level of $5.90-6.0 0 and doubts begin to creep whether buyers will be able to move up.
Fixing the price above $6 will give an opportunity to grow to $7.50.
But if we take into account the fact that all the growth happens on falling volumes, the thought running through my head that a fall into the zone of $2.75-3 is more likely.
Although, one manipulator knows how much he still has strength to push the price up without volumes.
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Sushiusdt
SUSHISWAP SUSHIUSD ready for their best year? hmmmThis is my personal hope & observation. it is not financial advice.
TA perspective, i hope we already on a tea cup handle pattern. and hopefully "usdt issue" will not crush sushi price below second support. might buy more if that happen.
Fundamental perspective, there are lot of progress they gonna make trough this january-feburary. just check the sushiswap 2021 roadmap on their twitter or medium.
SUSHI / USD - On the road to $6 SUSHI has been a very strong performer since early November. We touched $5 and went lower to the support zones, but today we recovered the losses from yesterday entirely! Today's daily candle is a bullish engulfing one (meaning it's size covers and exceeds the body of the previous red candle), which is very bullish!
Looking at the structure we are forming, I see a wedge which still has some fuel left to take us to $6 before a meaningful correction can take place. Therefore, I would be very cautious about buying SUSHI around $6 since at that level we have some important resistance. Only a clean break up of the wedge could give us enough confidence that we can pass $6 without concerns.
The indicators are also looking good right now, showing momentum for SUSHI remains intact. However if a bearish divergence forms on the RSI at around 6$ this will probably spell that a significant correction is due.
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SUSHI/USD - Ranging between $3 and $4SUSHI is currently ranging between support ($3) and resistance ($4) and appears to complete wave 5 soon.
Therefore, we may range for some time before SUSHI makes new headwind higher. Market remains very bullish and SUSHI is a great play. Bias remains bullish for now, but be careful and use stop losses in case the market turns, SUSHI will be quick to dip.
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SUSHI/USDT : Retest before bounce BINANCE:SUSHIUSDT
Hello everyone 😃
SUSHI has been rejected from resistance and now its heading to support lines.
Stochastic RSI had a Bearish crossover and now Volatility is being Bearish Neither !
So, We expect a retest at 2.9$ support line and then, SUSHI would reach and break 3.4$...
If SUSHI breaks 3.4$ with high volume, Then 4.1$ resistance will be easy to reach.
🔴 Also we expect a retest on lower support line at 2.7$, But below it will change direction into Bearish movement.
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
SUSHI-4h. Buyers are preparing for test $3-3.1.The tragic fall in the price of SUSHI on December 23 by 50% upset many investors. Within an hour, some investors lost all potential profits, which could be from November 26. The other part lost their deposits.
However, patient investors who placed limit orders to buy SUSHI received a pleasant surprise.
Since December 2, the angle of growth of the SUSHI price has changed significantly. The white trend line , which held the SUSHI price from December 4, is now under the control of buyers. The price continues to trade in the growth channel. Sellers complete the local correction.
The liquidity range $2.25-2.32 is also under the control of buyers. If we pay attention to the period from 2 to 13 December, it becomes clear that this range is valuable for forecasting further medium-term price movements. This range can serve as a turning point for the current loyal wave of fall.
Holding this range, the price of SUSHI will begin to grow with a target of $3-3.1.
The critical point of the SUSHI growth scenario is $2.15. Below this mark, sellers will quickly lower the price to $1.86 .
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Here's How SUSHI/USD Could Be The Best Performing Asset Of 2021Welcome everyone,
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Let's Talk SUSHI/USD...
When an asset hits price discovery territory the potential becomes infinite and price discovery for SUSHI is what we'd be looking to explore with this Elliott Wave count.
The first wave has formed a rising wedge with a 5-3-5-3-5 structure that is the start of something.
The big variable here is really just where wave 2 will pull back to. In this chart I'm hypothesizing that it will pull back to 2.07. This matches up with the channel support that is commonly used to identify waves of an impulse as well as targets. The 3rd wave is projected (on log scale) for the 1.618 extension of wave 1. The deeper wave 2 pulls back the lower the 3rd wave target becomes.
The orange dotted lines highlight previous swing lows that will want to be defended, with the lowest orange dotted line being the most important low to protect.
Invalidation of this count will be the origination of wave 1.
I chose 2.07 as the most probable support due to price, channel support, fibonacci retracement, and a 1:1 ext of the A wave in the start of the correction. All this lines up nicely for support at 2.07 which is approximately a 30% retracement.
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