SUSHI has small signs of uptrend movements after months- Weekly close over 1.70 is a strong sign of uptrend movement.
- Passed weekly falling wedge channel resistance.
SUSHI is an interesting coin has premise sign of BITCOIN trends. Since most of the market players think BITCOIN will touch to 12K USD level, this may be a misleading sign.
SUSHIUST trade ideas
Sushi - Bearish Divergence 4HSushi has ben on the roll recently, with strong bullish pressure making its price reach its multi-month high.
On the 4H time frame SUSHI is forming a bearish divergence with higher highs on the price and lower high on both MACD and RSI.
RSI its losing momentum at the moment of the writing, while still sitting in overbought territory.
I would open a short at these price, with target price at the demand zone at around $1.2. Remember that buying pressure is still very high as highlighted by the volume levels, thus play safely.
Sushi sleeping with the fishesPossible accumulation, if so, this still needs to notch a new spring low before any major bounce. Could be distribution, in which case we have seen a rise above the last high and are enroute to a major dump as we break the bottom of the triangle....Either way, this prints a new low in the .80's probably good to take some profit around there and see what the markets are saying...not financial advice, gl
SUSHI the last resistance before FOMO kicks in SUSHI / USDT
SUSHI become one of first coins to break its major trendline resistance which could be a start of new bull cycle
But before we get excited there is last important resistance in my chart breaking it out with strong volume will complete the inverse H&S which is another bullish pattern then fomo will kicks in
Keep your eye in this coin !
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Sushi - weekend pump incoming?Sushi is looking good here, this down TL is quite perfect on 1D tf and 3D tf.
It broke up now on 4 hrs tf, but not sure if this is a fake one, so waiting for daily close.
If the daily closes above the TL, will take a long, targets at 50% and then 100% as shown on the chart. SL below last retrace on 4 hours chart, when daily closes.
As a joke, I still think is a pump, as Sushi likes horses, not bulls.
GL traders
SUSHI hit targets again. 340% profits. What's next?Hello, dear TradingView members.
This is a SUSHI idea.
Once more, we opened our positions on SUN around the $1.087 area, which was a solid support level and a great buy/long opportunity.
So far, we have made about 34% (340% with a 10x leverage) profit, and it's safer and more logical to close all positions now. Do not FOMO.
If you're a risk taker, you can wait for the solid resistance and close your positions, but don't forget to use local resistance as your SL.
As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement.
There are three support levels on the way down, which will let us open more long positions when we get more confirmation. But for now, we should wait and see.
RSI is overbought, and the price has more room to go down.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.