Sushi Can Grow 150%+ vs TetherWe can see the classic "cup pattern" on the SUSHIUSDT chart, this can signal that the trend is about to reverse.
As you can see on the left side, each time this bottom pattern shows up prices tend to grow.
We also have a broken downtrend as we all as increasing volume and bullish indicators (strong RSI).
All these signals support higher prices.
Note: There can be a retrace before higher prices as it happens with the cup & handle pattern.
The targets are marked on the chart.
This is not financial advice.
Namaste.
Sushi
SUSHI - is going to break this trendline 👀SUSHI has been in a local downtrend for a long time. We now see the price in a trading range between $5 and $6.3 levels. It is very likely that big players are accumulating their positions here. The large volume at the bottom signals this as well. A breakdown of the trend line could be a good buying opportunity. In case the big value area is broken, there could be a trend reversal.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
It Will Be Historical Move Of SushiSwap (SUSHI)Hi friends, hope you are well and welcome to the new update on SushiSwap (SUSHI).
broke out with bullish divergence:
On a daily time frame, the priceline of Sushi has broken out down channel with bullish divergence.
Big bullish Gartley:
On a weekly time frame, SUSHI has formed a bullish Gartley pattern.
In order to trade this pattern the targets can be as below:
Buy between: $8.04 to $5.96
Sell between: $11.16 to $14.45
Stop loss:
Stop loss can be set below the maximum extent of buying zone which is $5.96
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of up to 142% and a loss possibility is 26%.
Big falling wedge:
On the same weekly time frame the priceline is also rising from the support of a big falling wedge pattern. The big bullish reversal Gartley move can become a big coz of breaking out this falling wedge and in case of breakout, wedge Sushi can start a massive rally for the long term.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with the trade.
SUSHI Long position, good R:R entry with potential futureSUSHI long position added in the dip yesterday at 5.38 leveraged long.
This looks a great area to add SUSHI for a long term hold. Wonderland.fi project is looking to acquire SUSHI which will bring huge volume of trading to the company.
Technically - SUSHI has fallen to solid resistance and buys below 5.5 offer a good R:R.
This chart abides by 2 of my main long term rules.
1. Buy when below the 100 and 200 SMA. - I've drawn around these areas on the chart, always offering a good R:R.
2. Buy at the bottom of resistances, not at the top of supports.
Good time to invest in SUSHIHello traders!
Sushi is forming Lower low>Lower High pattern since 3rd Nov, once it breaks any of the Lower High it will pump.
I am expecting at least 100% of the investment from Sushi within few weeks.
The S/R level in the middle will help the Sushi to push higher.
Don't forget to hit the like button and follow to stay conncted.
SUSHIUSD Potential Up Channel SUSHI has potentially bottomed, within the red zone of the cloud indicator
Using this we can plot an upward parallel channel with these two points
Im not sure if the 1,2,3,4,5 is correct Elliot wave, but it is a great way to visualise the price movement
Buy the dip scenario
SUSHIUSDT : 12.12.2021 : $SUSHI The price is in an Potential Reversal Zone (PRZ) that we can enter the buying position if the downtrend breaks .
The targets will be as follows :
☑️ TP1 : 6.30$
☑️ TP2 : 6.91$
☑️ TP3 : 7.60$
☑️ TP4 : 8.25$ (Important Volumetric Resistance)
☑️ TP5 : 13.45$ (For Holders)
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 12.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
💡SUSHIUSDT ANALYSIS 💡Hello Friends
When we look at the chart in the daily, there is a shark bull formation formation.
It is very risky to enter the trade before the voluminous momentum comes. Risk money management is very important in such transactions.
There are technical levels on the chart.
TP1:9.8
TP2:11.73
TP3:15
Trading entry level: 6.46 (at the closing of the daily candle)
Stop loss: 4.86 (based on my own money management)
IT IS NOT INVESTMENT ADVICE. IF YOU
BENEFIT FROM ANALYSIS, DON'T FORGET
TO LIKE AND FOLLOW 👍👍👍👍 IF THERE IS SOMETHING WRONG WITH THE FORMATION, YOU CAN ALSO BE AWARE.
📗📗EDUCATIONAL PURPOSES📗📗
Bull Shark Pattern ( Bullish Shark Pattern)
EU foot, OX foot on the 113% - from 161.8%
prolong BC feet, OXI foot of extending to beyond the far 113'ü% OX foot
BCR foot of the AX 161.8% - is an extension 224'lük%
OTHER harmonic models on the contrary, transactions are entered as follows: Destinations can be 61.8% of BC with
incoming stops at 88.6% of entry OX and point C
Sushi Update: Bull BiasSushi is at the 0.786 retracements, the last Fibonacci level before 0:0 at 0.19 cents, which I can't see happening with all the Sushi development. This is a really solid defi bluechip that gets overlooked. Playing this one on spot because the trend is bearish (bellow 20 ema). I'm greedy on this reversal so let's get it, other altcoins already taking the lead. The market is highly volatile so trade at you're own risk.
Are we headed to $12? Part 2Similar to the SUSHIUSD price chart. The SUSHIBTC price chart looks like is in a bull flag pattern. Assuming that SUSHI gets to the the top around mid January a $12 SUSHI and .0002267 SUSHIBTC would place BTC price at around $53k (Extended cycle? BTC oscillating around $50-$60k for the next few months?)
At the end of the day the main point of these charts are to identify a trend. For a while it looked like the SUSHIUSD chart was in some type of pennant which is why I believe us HODLers where shocked once it broke down. Assuming we are still in a bull market I think the high $4s-low $5s are a solid short term bottom. If the channel plays out look for the top of the channel to take some profits.
Are we headed back to $12? Part 1My bull case scenario for Sushi places us at the floor of a bull flag pattern. Assuming a continuation of the bull cycle I believe we could be headed back to $12ish in the next month or so. The measured move out of an upside break would place us around $34 with a potential move to the 1.618 fib at around $39.
I think it's also possible we head back down to the bottom of the channel at around $3.70. Depending on what the market looks like once we hit the top of this channel it may be good idea to take some profits then.