SUSHIUSD trade ideas
$Sushiswap - Going to MoonSushi like many other of my Altcoins look ready to rocket.
The price has broken out of the short-term downtrend to begin a long-term uptrend.
A great tip for newbie traders.
ALWAYS look to buy a short-term downtrend in a long-term uptrend like my Sushi chart 💪😍👍
NEVER buy a short-term uptrend in a long-term downtrend like bitcoin 💪🐻👍
Crypto Market & SUSHI Technical Analysis & Predictions 3/4/21*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Sushi rising wedges that break upI don't know any more if rising wedges break up or down. Last one broke up. This one is a tad different in that the RSI didn't pullback to support, so I imagine it should break down as the RSI tries to reach support.
If sushi continues up, it can be generalized for all alts and vice versa. Market has been quiet after these last days of volatility, probably to decide on the direction.
Sushi set for an ATH retest and then off to the next Fib level.Sushi has had a considerable run up along with other DeFi tokens in the last few weeks. It is consolidated after hitting an ATH and is set to retest that ATH and possible continue on with a potential of hitting $20 as the next fib train stop suggests.
This is my opinion and my own opinion only. Not financial advice.
Did you order sushi?Small but strong, wolves🔥
Now we have a trade opportunity on SUSHI/USD. Symmetrical triangle on 15 min frame.
Previously it had bullish sentiment.
All the waves are done and now the price is approaching to breakout point
So, follow the chart carefully and look for the breakout
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SUSHI Descending Expanding Wedge Breakout ImminentHello SUSHI lovers!
SUSHI has been in a descending expanding wedge since mid January. Currently, price is once again pushing against the top side of the wedge.
If BTC goes sideways or continues its bullish ascent, the I suspect SUSHI will breakout and head to the next area of strong resistance around $8.75!
If the bulls push past $8.75, then the next area of strong resistance is around $10.00-$10.50.
Currently, 1H-4H stochastics are all up, suggesting short-term bullishness. This may be the momentum SUSHI needs to break through resistance!
Short-term Price Targets
In this chart, we can see some medium-term, Fibonacci targets.
We can see that the 3.618 comes in at $10.21, which has confluence with the horizontal support/resistance zone around $10.50.
The 4.236 Fibonacci comes in around $11.85 and the 4.618 Fibonacci comes in around $12.90.
I suspect SUSHI will reach and potentially surpass, all these Fibonacci targets and if/when price finds support above $9.25, price action will rip up!
Medium-term Fibonacci Targets
Long-term Fibonacci Targets
The longer-term Fibonacci targets come in at:
1.618: $9.26
2.618: $14.61
3.618: $19.96
4.236: $23.26
4.618: $25.31
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.