SUSHIUSDT trade ideas
#SUSHI/USDT#SUSHI
The bearish pattern on a 3-day frame was breached
The price rushed strongly, heading to the first target at the price of 0.869,
touching the moving average of 100.
It is expected that the price will rebound with a correction from the first target and then continue rising to the second target of 1.170
This represents 100% of the penetration price
This is supported by significant buying momentum and an upward trend
Please note that moving average 100 will give
an upward push to the price once it is breached
Potential Buying Opportunity for SUSHI/USDT - SK System AnalysiAnalysis:
Using the SK System, we've identified a promising buying opportunity within the shaded region between $1.96 and $1.176 for SUSHI/USDT. This area aligns closely with the Fibonacci retracement zone, specifically between 0.5 and 0.667.
Key Points:
Fibonacci Confluence: The highlighted zone represents a convergence of Fibonacci levels, particularly between 0.5 and 0.667. This suggests a potential reversal or strong support in this region.
Wave B-C Correction: The correction in the B-C wave has been substantial, providing a favorable risk-reward setup. This correction sets the stage for a potential bullish move.
Price Targets: Our analysis indicates an upside target around $1.272. This level is derived from the Fibonacci extension and signifies a possible upward trajectory.
Tight Stop Loss: To manage risk, we recommend setting a tight stop loss just below $1.17. This level acts as a safeguard in case the market doesn't align with our anticipated scenario.
Trade Details:
Buy Zone: $1.96 - $1.176
Target: $1.272
Stop Loss: Below $1.17
Risk-Reward Ratio:
Considering the potential upside and the controlled risk with a tight stop loss, the risk-reward ratio appears to be favorable for traders looking to capitalize on a potential bullish movement.
📊#SUSHI will continue to rise based on cup-and-handle structure👀When I discovered it, the cup-and-handle structure was already established, so there was a high probability that we would continue to be bullish. The upper target area is worth looking forward to.🚀🌕
⚠️Note that if our bullish defense level is broken, this bullish view will be invalidated.❌
Let's see👀
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SUSHI ABOUT THE MOON 20$ BULL RUN EZit's notable that Sushi, a decentralized exchange comparable to Uniswap, stands out as a potentially profitable investment. Given its track record and the dynamics of the decentralized finance (DeFi) sector, there is a strong belief in the investment community that Sushi could experience significant growth. Particularly in an upcoming bull market season, projections suggest that Sushi could comfortably reach a valuation of $20. This forecast is based on current market trends and the growing interest in DeFi platforms, positioning Sushi as a promising asset in the crypto space.
SUSHI ANALYSIS🔮 #SUSHI Analysis 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #SUSHI. Currently the price is consolidating in a parallel channel. The greater the consolidation, the greater is the possibility of price increase in #SUSHI. 📈📈
💸Current Price -- $1.145
📈Target Price -- $2.470
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#SUSHI #Cryptocurrency #Breakout #DYOR
"Unlocking Sushi's Potential: Why It's Time to Buy Now!"**Short Fundamental Analysis of Sushi (SUSHI)**
Sushi (SUSHI) is the native governance token of SushiSwap, a decentralized exchange (DEX) built on the Ethereum blockchain. It is used to incentivize liquidity providers, reward platform users, and participate in governance decisions.
**Recent News**
* SushiSwap launches Trident AMM, a new generation of AMMs that offers increased capital efficiency and flexibility.
* SushiSwap partners with Polygon to expand its reach to more users and developers.
* SushiSwap's total value locked (TVL) reaches a new all-time high of $4.5 billion.
**Disclaimer**
This is not financial advice. Please do your own research before investing in any cryptocurrency.
🍣 Sushi's Culinary Chart: Ready to PUMP! 🔥SushiSwap (SUSHI) is simmering in a trading cauldron, mirroring the patterns seen in LINK's historical moves. The chart reveals a massive consolidation, setting the stage for potential fireworks. Let's dissect the current SUSHI landscape, characterized by a significant range and manipulation, hinting at an imminent bullish surge.
Chart Analysis: SUSHI, the LINK Doppelganger
SUSHI's chart echoes the historical movements of LINK, showcasing a pronounced consolidation phase. This strategic pause often precedes a powerful move, making it a keen point of interest for traders. The recent price action suggests the potential for a manipulation play under this range, a prelude to what might be an impressive upward thrust.
Next Stage: Sizzling Rally to $15
If historical patterns persist, SUSHI could be gearing up for a dynamic move. A robust pump, propelled by the energy accumulated in the consolidation, could be on the horizon. The target? A tantalizing $15, marking a significant leap from the current range-bound levels.
Trading Strategy: Preparing for SUSHI's Culinary Delight
For traders eyeing SUSHI, the current consolidation provides a unique opportunity. As the price hovers within the range, anticipation builds for the imminent breakout. A vigilant eye on the charts and strategic entry points could position traders favorably for the expected rally to $15.
Conclusion: SUSHI's Flavorful Future
SUSHI's chart is evolving into a compelling narrative, reminiscent of LINK's historical moves. The ingredients of consolidation and manipulation suggest a savory surge may be in the making. As SUSHI simmers in the range, traders prepare for a culinary delight, with $15 as the tantalizing destination.
🍣 SushiSwap Analysis | 📉 Consolidation Recipe | 🚀 Target: $15
❗See related ideas below❗
Are you ready to dine on the SushiSwap surge? Share your thoughts, strategies, and SUSHI predictions in the comments! Let's savor the unfolding story of SushiSwap together. 💚🔥💚