SUSHIUSDT trade ideas
#SUSHI/USDT#SUSHI
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $0.800 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 1.10
The first goal is 1.44
The second goal is 1.78
the third goal is 2.20
SUSHIUSDT Reversing from Major SupportSUSHIUSDT technical analysis update
SUSHI's price touched its major yearly support level this week, a zone it has bounced back from multiple times over the last four years. We can expect a bounce from this support level again.
Stop Loss: $0.45
Target :100%-300%
regards
Hexa
Sushiswap Hits Bottom (40-65X Growth Potential)Sushiswap (SUSHIUSDT) hit bottom recently in August 2024. The level at which it bottomed is the same level that launched the 2021 bull-market, a 4,909% bullish wave, and the 2023 recovery wave. This same level can launch the 2025 bull-market.
Sushiswap (SUSHIUSDT) has been green for four consecutive weeks while moving out of the accumulation zone. We are likely to experience a mild bullish wave followed by the strongest bullish action since 2021. One and two. We can expect a maximum of two major corrections within the entire bull-market. The rest of the retraces will be small and short-lived.
Growth potential is huge for this pair, as shown on the chart. The All-Time Low was hit on a wick, so we have a technical double-bottom, simply the action of a long-term support rather than a new low level being established. This means that potential remains open for a new All-Time High in 2025.
The first target on this chart is set at 546% —this is easy. The 1,510% target is do-able and within the last ATH. New All-Time High potential in 2025 gives us staggering numbers, we are looking at 40-65X.
This will be an interesting pair. You can find the Bitcoin counterpart, SUSHIBTC, trade-idea in the 'Related publications' below this post.
Thank you for reading.
Namaste.
Updated Analysis for SUSHI Token: Targets and Exit After presenting an idea about SUSHIUSDT.P and discussing the scenario of hitting the stop-loss level, the analysis has been updated as the stop-loss level was indeed touched. This chart serves as an update to our previous analysis. If the test and retest succeed, we will have a first target. Should the price successfully close above the first line, we will continue upward towards the second and third targets, and so on. However, if the price touches a target line and closes below it, we will exit the trade entirely from that point.
SUSHI interesting for long-term investment
SUSHI would be at good prices to buy and hold for mid and long-term. Indeed, prices revisited the ATL and bounced. Moreover, on 2W TF, a bullish divergence is about to be confirmed (in 9 days to this candle, in green expectedly).
The mid-term target would be the trendline resistance and the long-term one is the previous ATH.
Thank you in advance for any catalyst about SUSHI?
Sushiusdt approaches important support zoneSUSHI has completed a five-wave downward movement and appears to be starting a potential extended upside correction, possibly forming a WXY pattern. The external demand zone is a crucial support level that must hold for this projection to materialize. The chart showcase the projected moving patterns.
SUSHI trade setup Weekly: long term analysis
After around 95% deep correction during the bear market, BINANCE:SUSHIUSDT has revisited its lower point from which we can identify a reverse H&S pattern.
This pattern is characteristic of a trend reversal when formed on a strong support. Let's have a closer look on shorter timeframe
Daily: short term analysis
Increasing volumes on the upward movements and decreasing ones when prices decrease are also very characteristic of such a pattern and reveal the psychology of the market participants.
Strategy
Buy signal has been given on the weekly close above the horizontal resistance line around 1,8$.
Objective 1: Nearest resistance line at 2,80$ (+50%)
Objective 2: H&S target + next resistance at 4,98$ (+170%)
Objective 3: Next resistance at 10,56$ (+480%)
Invalidation
Mental Stop: just below the last consolidation low at 1,33$. This setup proposes a nice Risk Reward
If prices retrace to this stop level we will wait for the weekly closing price then set a Stop loss ¼ or Risk below the weekly close price.
Risk = Distance between Mental stop and entry point.
Sushi superbCrypto is all about following the trend than you making it follow you. That's the place where you lose money when you try to swim against the current.
After the frequent Fbuys and respecting the 9/15 emas, we can see the exhaustion and the Sell print. Now we have to watch what it does after the touching the EMA.
That's how we play the game.
DYOR
SUSHI ROADMAP (1D)From where we placed the red arrow on the chart, it seems that the SUSHI correction has started.
Sahih seems to be a diametric that we are now at the beginning of wave E. Wave E is bullish.
It can move towards the targets on the chart while maintaining the green range.
The targets are listed on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SUSHI USDTTrend: The chart shows a potential descending triangle or wedge pattern, with a breakout nearing the apex. SUSHI appears to be testing the upper boundary of the downtrend.
Support and Resistance:
Support: Around $0.52 (bottom boundary of the triangle and recent lows).
Resistance: Around $0.63 (the trendline acting as resistance for the breakout).
Indicators: The volume is slightly increasing as the price nears a breakout, which suggests a higher probability of a significant move once the resistance is broken.
Trading Strategy
Buy Position (on breakout)
Entry Point: $0.63 (upon confirmed breakout above the resistance line).
Stop-Loss (SL): $0.52 (below the recent low and triangle support to manage downside risk).
Take-Profit (TP):
First Target: $0.77 (first resistance after breakout).
Second Target: $1.22 (further upside if the trend reversal strengthens).
Risk Management
Position Size: As always, ensure your position size aligns with your risk tolerance and capital.
Adjustments: If SUSHI breaks below the support of $0.52, it would be prudent to reconsider the position as it could indicate a continued downtrend.
SUSHI (Crypto SUSHISWAP-USD) SELL TF H1 TP = 0.5175On the H1 chart the trend started on Aug. 27 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.5175
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
SUSHI (Crypto SUSHISWAP-USD) BUY TF H4 TP = 0.7142On the H4 chart the trend started on Aug. 07 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.7142
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading