🆓Sushiswap/USDT Analysis (19/4) #SUSHI $SUSHIThe selling force on SUSHI is quite strong so it will take us some days before generating new rally up to 25$ zone
📈BUY
-Buy: 12.0-12.6$
-Buy: 10.0-10.5$. SL B
📉SELL
-Sell: 15.6-16.4$. SL A
-Sell: 19.5-20.5$. SL A
-Sell: 24-25$. SL A
-Sell: 29-30$. SL A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Sushi
SUSHIUPUSDT PredictionAfter making a huge minus nearly 96.40%, Of course Sushi will return strong, DEX is the future (It's a fact). So because we are in bullish crypto market, and SUSHIUPUSDT has reached the smallest value ($1), it can be expected SUSHIUPUSDT to fly high, because the minus is big, there's no S&R that can support my analysis, because of that i used former SUSHIUPUSDT movement, after it reached $1 in the past and it is clear that it is a big bullish. I will target my self to take profit in the take profit 1, because I've bought it in $1. After reaching take profit 1, it can be expected to be another bearish movement. Let's hope positive news overflow the negative news, and we will get the profit fast.
#SUSHI: Big trend kicked off...I suspect money is rotating back into #ETH and DeFi coins, moving out of the Binance ecosystem due to the drop in gas prices caused by flashbots preventing front running bots to cause a feedback loop of increasing transaction fees, which was a problem that had sent gas prices sky high. This had contributed to the rise of BSC and sent BNB sky high (paired with speculation on Coinbase's IPO valuation and BNB or FTT being proxies of exchanges valuation catching up to Coinbase's), but that trend is likely done or bound to retrace or consolidate as money rotates back into Ethereum and Ethereum based DeFi coins once again.
I'm long a few coins here, including Ethereum itself, but I bring you SUSHI today.
Reward to risk is at least 8 to 1, could be higher if target #2 here is reached.
Best of luck,
Ivan Labrie.
SUSHI - 4h. The growth potential ends in the range of $19-20It took SUSHI buyers 8 days reached the target of our previous idea :
A new wave of growth began after the test of the lower trend line of the SUSHI channel.
Low volumes during the attempt to break the trend line of buyers gave rise to a new wave of growth. From January 27, the price of SUSHI increased by 89%.
Now buyers are trying to gain a keep above the black trend line, which has slowed growth in the SUSHI market since January 25.
Consolidated above this mark and the range of $12.15-12.83 - buyers will continue to grow to $19-20 . The strong trend on the SUSHI market, supported by high trading volumes, may continue without correction.
An alternative scenario is to lose the range of $12.15-12.83 . In this case, buyers will show weakness and we will expect a test of $9-9.8. In this range, it will become clear whether there are any buyers left in the market to push the price up.
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Bullish long on $SUSHI for a target of $40 Super Algorithm is still showing bullish and is producing a current green bar. If one has used the indicator, one would have unrealized 1072% non-leverage profit by now, as shown on the chart.
The FTX:SUSHIUSD has just passed the 50% fib area. It is a significant milestone. It quite often indicates price can and likely reach ATH in the long term.
As you can observe from the below chart, the $SUSHI price has created a good demand zone. I am putting the stop loss just inside.
Price going up when the parabolic SAR is going up is bullish. It is observed currently in the $SUSHI daily chart.
Currently, the $SUSHI daily price is at TD Sequential 5. I mean, there may be another four price rise day.
The $SUSHI daily chart is showing a higher high- higher low bullish pattern.
Ichimoku is strongly bullish on $SUSHI
Reasons:
Chiku is above the price & green cloud.
Price is above tenkan (red line). Tenkan is above kijun (blue line). Kijun is above a green Kumo cloud.
There are no tall structure in front of the Chiku.
Price has already retraced and bounced from the Tenkan and Kijun, finishing its retrace. It is not on its mission to hopeful $40 someday.
There is a squeeze (the red square marks) on the $SUSHI price right now. It means a big move is imminent.
$BNT Up Only. It's TimeMy $BNT bag has been very heavy. Bought more on FA than technicals. OBV Volume breaking out, could mean higher prices ahead. $10 to $15 by end of April, $25 by Summer would be my guess. $vbnt burn is live and exchange supply is ATL's. Most $BNT is staked in the platform, roughly 70-75%.
Hairbrained Macro Breakdown - SUSHIUP This is not financial advice - DYOR - Let me know what you think XD
SUSHI - LONG! CHANNEL & TRIANGLE BREAKLong time reader, first time poster.
EDIT: I realised after positing this that there were a lot of similar analysis, good sign for SUSHI i hope?
Very undervalued at the moment after a long consolidation. You can also see that since since the beginning of March Sushi has been traveling in a descending channel with one -massive- break out. Currently, Sushi seems to be also breaking out of a triangle bullish flag, which should see it explode to $18.
ENTRY AT 14.683
EXIT AT 18 (AND THEN SEE WHAT HAPPENS)
JAY