Sushi: Back into Channel (12/5/2021)Kopite Analysis Daily: 12th May 2021 — SUSHI/USDT
Welcome to the Kopite Analysis! Today we’ll be sharing an important pattern related to SUSHI.
At the beginning of the 2021 bull run, SUSHI quickly went up and soon formed a strong ascending channel. However, recent dumps have seen it fall below the lower boundary into 16- levels.
Today and at the time of writing, SUSHI trades at 17+ levels and is set to push back into the channel eventually. If it does go back into the channel, we may see it go all the way to the upper boundary, where SUSHI will set a new ATH.
Should the test of the lower boundary fail, SUSHI may head back to 15- areas.
That’s it for this post :) happy investing!
(NFA, The Above Is Not Intended To Be Financial Advice. Use Charts at Your Own Risk.
Sushiusdt
Sushi Looks Extremely BullishWelcome, first of all lets simplify things a bit.
1) First of all Sushi broke Bull flag pattern, and I was waiting for retest and its finally here.
2) Secondly, during this retest Sushi has formed Ascending Triangle or whatever you call it. Now we can see Ascending triangle continuation.
3) On third spot I'll put major support level(13.3 -- 14.3), Sushi can strongly bounce back from this level.
4) Fourthly, it have completely breached Bollinger Bands(default configuration), so looking for correction.
Putting all these things together, I am looking for a strong uptrend.
That are all of my words for Sushi. Please let me know what do you feel for sushi.
NOT A FINANCIAL ADVICE.
DYOR!
Cheers.
Sushi - Waiting for the setback. - 4hrs - LONGSushi broke a very very strong bearish resistance. But it took off very strongly. That is why I prefer to wait for a pullback before entering.
MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER.
You invited to share your vision in the comments. Thank you
Great buy opportunity in SUSHI🚀Hello guys
As we can see price price brokeout from an Ascending triangle and now forming Falling wedge which is a Bullish indication if it breaks it.
- Wait for the Candle closure above the wedge or buy at retest of the Ascending triangle.
- Put your Stop Loss below the breakout candle or green support area.
- Take Profit:
1- $17.70
2- $20.85 or Trail it with a Trailing SL.
If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
. . . . . . . . . . . . . . And do follow me on Twitter for EXCLUSIVE Market updates: @mywealthstory
Your Support is very much 🙏 appreciated!
Happy Trading
Medium and micro caps about to EXPLODE It is very interesting to look at ETH/BTC chart. As we can see, the ETH has increased its dominance by over 100% during the past one and the half months. Good signal for the beginning of the current alt season in my opinion. The ETH holders may soon start taking more profits and stuffing them in medium/ microcaps in the respective order. What do you think will happen in the next few months? Please share your opinion! What coins are you holding or plan to get for the next phase of the alt season?
SUSHIUSDT H16: BEST Level to BUY/HOLD 250%(SL/TP)(NEW)SUSHIUSDT H16: BEST Level to BUY/HOLD 250%(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: SUSHIUSDT 16hours/daily//candle chart review
::: strong bullish chart overall
::: both options are BULLISH
::: recommend to focus on buying low
::: I don't think that we are ready to MOON yet
::: accumulation in progress / more time required
::: best trades near range lows for the BULLS
::: it's a strong prior bull market so can
::: so expecting at least one final PUMP
::: BULLS get ready to BUY after pullback
::: TP bulls is 250% gains
::: TP BULLS +250%/+300% gains max
::: patience required next few weeks
::: as we are getting ready for a move now
::: noteworthy compression / tight ranges
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/BUY PULLBACK
::: Sentiment short-term: MIXED/RANGE
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Long SUSHI : nice breakout from 47 days correctionLast month, we have a lot of UNI V3 hype but I still think this is a good time to long some sushi at this moment.
volume trade : uni/sushi about 2
market cap : uni/sushi about 7.7
UNI V3 is great but new project of sushi (lending/borrow) also great too.
I will long some here and cut loss below $15 << fail breakout then I will wait better opportunity to long again.