SUSHI is showing strong momentum!
#SUSHI USDT has recently broken key resistance levels, signaling a potential bullish continuation 👀
Look out for major targets at T1: $1.85, T2: $2.15, and T3: $2.50 🎯
In my opinion, this could be the start of a solid move upward, with strong volume supporting the break
SUSHIUST trade ideas
Short trade
5min TF Entry
Sellside trade
Pair SUSHIUSD
NY to Tokyo Session PM
7.00 pm
5min TF Entry
Entry 1.6554
Profit level 1.5975 (3.11%)
Stop level 1.6643 (0.54)
RR 6.51
Reason: Observation of price action on the 5min TF seems indicative of a sellside trade - target FVGs and pivotal support level 1.5975
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Alikze »» SUSHI | Reverse head and shoulders pattern🔍 Technical analysis: Reverse Head and Shoulders Pattern - Reversal Motivational Wave
- According to the analysis presented before , after filling the FVG gap, wave 3 continued up to the 0.47 range of the 100 Fibo zone.
- After creating demand in the range of 100 Fibo, it has encountered a motivational wave.
- It is currently in an uptrend, which has faced a temporary correction after breaking the supply zone.
Due to the upward trend, it can encounter the bottom of the channel and meet the demand again and continue its upward trend until the next supply area.
- This upward trend can continue in the range of 1.56.
💎 Therefore, by breaking the supply area (red box) and after pulling back to it, it can continue its ascent to the next supply area.
⚠️ Note: In addition, if this modification touches the "Invalidation LVL" area, the ascending scenario will be invalidated. ⚠️
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BINANCE:SUSHIUSDT
$SUSHI Weekly/MonthlyIn a bullmarket, you want to look for asymmetric bets that provides high risk to reward. If a few setups like this one, you can maximize your gains significantly. All that is needed, is patience.
On weekly and 2 week chart, both BTC and USD pairs of SUSHI shows massive breakouts. These breakouts work as support place of strong buying interest. Since SUSHI fundamentally, is a de-fi peoject, there is tremendous upside liquidity sitting that can be taken. In my opinion, this should at least provide 3-4x return in the coming year from now.
Sushiswap Sushi price analysis🍣 Fresh CRYPTOCAP:SUSHI has been brought to the market, but you need to buy it at a good price and more on that later!)
Only the 4th time, for the first time in 2.5 years, OKX:SUSHIUSDT price managed to break above $2
1️⃣Now the main thing is to wait for confirmation of the breakout and the strength of buyers. That is, we need to wait for the price of the #Sushiswap token to firmly establish itself in the range of $1.50-2 and not fall below it.
2️⃣If this condition is met, the prospects for continued growth to $10 will open up, where selling one #Sushi will allow you to buy a whole roll set :)
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Sushi has reached my targetSushi has hit the target at the 3.618 Fibonacci level.
If you're in the trade, consider adjusting your stop loss to $2.239.
Should Sushi begin to retrace, it may find support around $2.05.
I remain bullish on Sushi, but we might see some downside or consolidation before it moves higher.
DYOR
SUSHI Ready for the big JUMP? SUSHI
Ready for a big move.
The momentum slope in the chart is increasing, indicating that the buying power is strengthening and effectively eliminating the sellers.
If you haven't been following SUSHI so far, you can monitor its progress after it breaks the resistance at 2.590 . For the short-term timeframe, a rise to the resistance box between 4.500 and 5 dollars is reasonable. However, for the long term, SUSHI needs to reach the range of 4 to 4.5.
Again, it is remembered that all trades that are opened are your responsibility
Don't forget to follow.
SushiSwap (SUSHI)📊 SUSHI Analysis
🔹 General Overview:
SUSHI coin managed to break out of its descending channel from the top and reach its weekly timeframe resistance. This resistance could lead to a price correction. The RSI has entered the overbought zone, but another significant resistance still lies ahead.
🔹 Weekly Timeframe Analysis:
If the price manages to break the white weekly resistance zone, it could trigger a sharp move towards the Fibonacci targets:
1.618
2.618
3.618
🔹 Investment Recommendation:
✅ We recommend a laddered entry strategy for investing in this cryptocurrency:
One entry at the current market price.
Another entry if the price corrects downward.
A final entry if the weekly resistance is broken.
🔹 Long-Term Outlook:
Given SUSHI's functionality and low market cap, it has the potential to revisit its previous all-time high. However, gradual profit-taking in the red zones is essential.
🔹 Additional Notes:
1️⃣ Volume Analysis:
An increase in trading volume near the weekly resistance could indicate strong buying pressure. If the breakout is accompanied by high volume, the likelihood of a sharp move increases.
2️⃣ Price Behavior During Correction:
During a correction, observe whether the price drops slowly with low volume or quickly with high volume. A slow correction often signals accumulation by buyers.
3️⃣ Impact of Overall Market (BTC & ETH):
The general market condition, especially Bitcoin and Ethereum trends, heavily influence smaller coins like SUSHI. Ensure the overall market trend is positive.
4️⃣ Timing Investments:
Given the likelihood of a correction near resistance, avoid rushing in. The proposed laddered entry strategy can help mitigate risks.
5️⃣ Monitoring SUSHI's Fundamentals:
Stay updated on SUSHI’s protocol upgrades, new partnerships, or management changes, as these can significantly influence price trends.
💡 Conclusion:
Stay in the game with proper risk and capital management.
#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