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SUSHI / TetherUS

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SUSHIUSDT trade ideas

SUSHIUSDT: Bullish Sushi with Bullish Divergence on 4HRStrong support range around 6.3$ - 7$ Bullish divergence in 4H frame, been waiting a while for this one lets see if it will be worth it. resistance at : 8.8$ - 10$ keep your eyes on btc chart if it breaks 41k-40k support. 2 things you should know : - During a downtrend: being bearish in the bigger timeframe doesn't mean you have to be always bearish in the smaller timeframe; - And during an uptrend: being bullish in the bigger timeframe doesn't mean you have be always bullish in the smaller timeframe.
Long
by svuz
8
SUSHI: Long and ShortSummary: 1. SUSHI seems relatively strong in this downturn. 2. Several converging points seem to suggest a Long for SUSHI to the green rectangle. 3. A short can also be placed to hedge with a target to the red rectangle. Chart: Daily Scale: Linear Trading Pair: SUSHI/USDT Breakdown: - Price broke above the upper parallel line of the red Pitchfork. - This retrace came back to retest the upper parallel line of the red Pitchfork. - A single negative vector extrapolation intersects at the projected reversal point (yellow box) adding confluence to the idea of a reversal to the upside here. - Price is sitting slightly above an inner frequency line that did not break on this retrace. - There is sloped (same slope as the pitchfork) inner frequency line in the counter trend pitchfork (green) that also intersects the reversal zone (yellow box). - Lastly, the Hagopian's Rule seems to be in play as well with the failure of price to reach the center median line in the red Pitchfork.
by mindandwar
SUSHI in a very bullish wedgeThere isn't much to say, all DeFi are about to wake up after a long free fall. VLPR shows the bottom of this huge falling wedge has been bought (up until 3 weeks ago) and now price is heading toward another test of the upper trendline. In general this pattern looks so neat that I'm personally very bullish, I wish I had more fiat to buy it right now. One advice, this could even take another dip before breaking out so DCA your entry, I'd enter with something between 10-15% right now because it's uncertain. For sure eventually this will break out! Good luck!
Long
by Shotokhan