SUSHIUSDTPERP
Sushi Swap Holding Support And Should Break Up Strongly TodayI did expect it to hold up around $18.75, but none of this is ever that exact. Seems to be holding on that upward trend line support though.
The next move will get to the mid-$20s where it'll get stopped for a bit and then I don't think it really stops again for any significant time before reaching new highs.
Past patterns are too strong on this one to not do what it's always done.
I love how this thing moves up real fast and then sideways in a channel until it reaches the support trend line and then shoots up.
Buying now will be the last time you get it below $19. No question in my mind on that one.
Is SUSHI/USD the lagger after being listed on Coinbase? Today, SKL , MATIC, AND SUSHI were listed on Coinbase. SKL and MATIC both put in 50%+ days while SUSHI/USD, putting in bullish activity, did not break out into ATH .. yet.
Aside from the fundamental news, we have some classical chart patterns, and price action clues that a break out to ATH is imminent. On 20 of FEB Sushi found sellers and profit taking at 19.34 and established a local high.
On March 1st, Sushi double topped with a swing failure pattern, wicking a slightly higher high, but not putting any price action above 19.34 worthy of continuation. BUT after this double top , the clue is the higher low in the range, right above the equilibrium of the range.
On March 9th , the 3rd attempt! Rejected again... but yet... another higher low.
Equal highs? Ascending lows. We have the classical chart pattern called the ascending triangle forming! Also considered a probable continuation pattern in a trending market.
So what's happening with price action? Our first high was formed. Why? Sellers taking profit. We have now established resistance. And what is resistance? It is a wall of sell orders/ shorts laying there. But.. the more times price punches at resistance, the sell wall gets eaten away at, and the higher lows indicate accumulation, and impatience of buyers to wait for price to correct further. The sell wall/resistance is weakening.. and the sellers are wary that higher prices are coming in, pull their orders to sell at a higher price. Buyers are waiting for the breakout above 20 bucks to jump in for the ride.
I see re-accumulation and expect a breakout this week.
Thanks for reading! Give me a like and follow if you like what you see. Below is some shitcoin trading tips.
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I am @shitcoin_rich. I'm just some guy who made it in 2017 and gave a lot back to the market in 2018 and 2019, but, I learned a lot of great lessons and nuances of the altcoin market. My TA is meant to be simple, no gann fann's or fib circles. And I picked up a few nuanced alt coin trading tips that you can only see after staring at these charts for a few years. I trade with EMA's as my baseline with price action as my basis for exact entries. I use fibonnaci/ market geometry/ indicators/ divergence for confluence on my entries/ exits. I will be making predictions, but am I reactionary trader. I am the farthest thing from a financial advisor.
1) When BTC is trending bearish , alts are mostly bearish .
2) When BTC is trending bullish , alts are mostly neutral or bearish .
3) When BTC is consolidating, alts are most neutral or bullish .
4) After a BTC bull trend, and moves into short to mid term consolidation, money almost ALWAYS moves into alts.
5) Alts follow Ethereum's macro trail mostly. Ethereum follows BTC's macro trail mostly.
6) If you LONG/ BUY alts with bearish momentum for Bitcoin or Ethereum , odds are you will lose.
7) I personally still use USD to buy my coffee and pay my rent.. half the time you're going to gain USD and lose BTC when trading alts. I trade USD and USDT pairs to gain USD. If I lose BTC value, it doesn't phase me.
BTC is King. Ethereum is queen. Alts are volatile peasants.
Long/buy Alt coins when BTC and ETH have bullish and/or sideways conditions.
SUSHIUSDT (Reversing from the support)SUSHIUSDT (4H CHART) Technical Analysis Update
Reversing from the support line
SUSHI/USDT currently trading at $18.50
Buy-level: $17.75 TO $ 18.50
Stop loss: Below $16.85
Target 1: $20
Target 2: $22.5
Target 3: $30
ALWAYS KEEP STOP LOSS...
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SUSHIUSDT Good for Long Entry!SUSHIUSDT (1H CHART) Technical Analysis Update
SUSHI/USDT currently trading at $17.35
Buy-level: $17.00 - $17.40
Stop loss: below $15.65
Target 1: $18.65
Target 2: $20.50
Target 3: $25.00
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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SUSHI - do you want?Breakout of the dynamic resistance with the retest (blue);
👉 Formation of an ascending triangle and its resistance pinched (in blue).
☝️ Entry: split into two parts. First: from the current ones. Second: breakdown of horizontal resistance and/or support of a flat triangle.
☝️Stop loss: at $14,154.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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 Buy a break setup.SUSHIUSDT - Intraday - We look to Buy a break of 17.68 (stop at 16.88)
Daily signals are bullish.
We look for a temporary move higher.
Short term indicators have turned positive.
Pivot resistance is at 17.59.
A break of bespoke resistance at 17.59, and the move higher is already underway.
Our profit targets will be 19.88 and 21.68
Resistance: 17.60 / 18.00 / 19.00
Support: 15.80 / 15.00 / 14.00
SUSHIUSDT Scalping PlaySUSHI was the strongest alt in my watchlist which bounced back after a decline simultaneously with BTC. Observing this strength made me open another long position at $16,1434.
Again moved S/L upwards after each successful lower high formed.
Got stopped out at $16,73 with a decent profit.
SUSHI - 4h. Below $ 7 sellers will seize the initiative.The active growth trend, which began on December 30, 2020, does not leave the SUSHI market . In a certain fixation of the price above the mark of $2.4 gave all investors + 230% at the moment.
On January 11 and 22, buyers showed a trend line that they are willing to keep to continue the growth trend . However, on January 24, the price of SUSHI failed to test the upper trend line of the growth channel and met with aggression from sellers. Buyers managed to test the mark of $10, but since then the initiative is in the sellers.
The critical point for the continuation of the growth trend is at $7 . It was after the unsuccessful fixation of this mark in the period from 16 to 19 January that the correction in the SUSHI market began. In addition, the lower trend line of the growth channel passes near this mark.
If sellers manage to break this mark - the price will quickly drop to $6.23.
To continue the growth trend, in addition to keeping the $7 mark, buyers need to hold above $8.6. These marks must be taken into account for the distribution of the deposit (if you are interested in this coin).
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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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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Here's How SUSHI/USD Could Be The Best Performing Asset Of 2021Welcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life.
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.
Check out the signature below to learn how to become a full time trader without the full time hours by mastering a proven Elliott Wave trading system unlike anything else available on the market.
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✳️Sushiswap/USDT (7/11) View + Trading Plan#SUSHI $SUSHISUSHI is moving sideways around the 2-2.1$ zone to gather more momentum to pump up to the 2.5$ zone over the next few days. This is an area that definitely has a strong selling force so we need to be careful. But if SUSHI breaks through this 2.5$ zone, it can rise dramatically to 4.5$
But after exiting this sideways move, SUSHI can fall sharply to the 1.4$ or even 0.6$ zone
📈BUY-LONG
-Buy: 2-2.1$.SL if B 1.8$
📉SELL-SHORT
-Sell: 2.5-2.6$ if B.SL if A
-Sell: 4.5-4.75$ if B.SL if A
♻️BACK-UP
-Sell: 2-2.1$ if B 1.8$.SL if A 1.8$
-Buy: 1.35-1.45$ if A.SL if B
-Sell: 1.35-1.45$ if B.SL if A
-Buy: 0.6-0.65$ if A.SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"