Sushiusdt
SUSHIUSDT: Possible Lng (24.10.2020)On D1, the price has broken the downtrend line. The RSI is near the oversold level, signalling a weakening downtrend.
On H4, the price also broke through the downtrend line. The divergence has formed between the RSI and the price.
At the moment, the price has formed a local correction.
We recommend buying SUSHIUSDT in order to keep the position above $ 1.
SUSHI.12h. Final target is $0.38Since our last Sushi analysis , its price has decreased by 4 times (or fell by 75% from $2.45 to $0.55).
Our first target has been achieved.
The prospect for buyers is still disappointing. DeFi coins fall a lot. Pay attention that this fall occurs while $BTC is still afloat.
Therefore, we expect that the next target $0.38 for Sushi will also be reached.
A small rebound to $0.85-0.86 is possible , but $0.38 will still pull towards itself.
In the previous idea, we advised you to be careful with this coin and we hope you took advantage of this advice.
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Long Sushi Great Platform w Strong YFI Trading Devs Bought BackSushiswap cloned Uniswap and launched SUSHI before UNI. Both coins have bottomed out. UNI had a hype cycle on Coinbase listing. Sushi had a pump cycle on Huobi listing and then a dump cycle on Binance futures listing. Platform is stronger than ever and it appears that devs have bought back.
SUSHI/USDT (Bearish Pattern?)💎Technical Analysis Summary💎
BINANCE: SUSHIUSDT
-SUSHI is retesting key support area at around 1.2-1.1s dollars
-This is a crucial point for the Bulls to keep the consolidating in the range
-If the Bulls want to keep the potential reversal in the midterm
-They must protect his important level of support
-My advice is to wait for proper breakout confirmation
-If you are looking for a Buy position, wait for the trendline break
-The targets can reach up to 2.5 dollars or higher
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SUSHI - The better UNI at a bargainWith the hype around 99% community fueled Uniswap fading out, the obv next one to go North is the highly undervalued SushiSwap project.
Basically the very same business model but even better with regards to the variety and capitalizaion of liquidity pools provided.
According to pools.fyi 5 out of the TOP10 are $SUSHI based.
First target in sight at ~2.22, and 4-6 USDT once the downtrend is crushed.
Well, enjoy the ride...