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SUSHI / TetherUS

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SUSHIUSDT trade ideas

SUSHIUSDT is testing the Fibonacci levelBINANCE:SUSHIUSDT is testing the 0.5 Fibonacci level as new resistance on the $1.140 area inside an ascending channel. An ascending channel is a technical chart pattern formed by drawing two parallel trendlines connecting a series of higher lows and higher highs. The pattern can indicate an uptrend, with buyers continuing to enter the market at higher and higher prices. The upper trendline represents a resistance level, while the lower trendline represents a support level. Traders often use the upper and lower trendlines to identify potential buying and selling opportunities. According to Plancton's Rules, if the price of BINANCE:SUSHIUSDT loses support at the $1.080 area and retests it as new resistance, it may suggest a bearish trend. Traders could consider entering a new short position with the expectation of a continued downtrend
by InkyGrip
8
SUSHI/USDT Secondary trend. Working in the channel.Secondary trend. Potential reversal zone. Working in a downward channel. Locally, the "Dragon" pattern may form. Potential reversal zone. Shown are % of potential reversal zones: 1) "Dragon" pattern (confirmation)—long to channel resistance (red). 2) No confirmation—the secondary trend line (purple) was not broken—short entry to the lower border of the channel. 3) Long entry from the lower border of the channel The coin is on XXX. Distribution area. For those who do not understand, large market participants who hold the price in a certain range, sell their positions (gained in the accumulation before the pamp_) to the hamsters. To discount_significant volume and not collapse the price - it takes time, and to make "waves of interest" for traders and "hamsters". You can earn on it locally, if you limit the risks. Roughly speaking, if you work as a trader and not as a "hamster". This work is for traders only. Coin in the markup: SushiSwap Main Trend Understand where the price is and where this zone to work.
by SpartaBTC
7
SUSHI/USDT Riding the Bullish Momentum?Hey there! I've been analyzing the SUSHI/USDT on the H4 timeframe and The price has hit a key level of support at $1.023, which coincides with the bullish trend line. This could be a signal that the price might continue to go up from here. **but as always, it's important to do your own research and make sure that this aligns with your investment strategy. Good luck!** **NOTE:"I prefer to observe price behavior within a defined range and wait for a confirmation candle."*
by Moralio_Robert
2
SUSHI price preparing for a rapid up move? Diamond on the chartFor almost a year, Sushi has been accumulating, most likely, a long position. Is there something "big" in the pipeline and soon everyone will see some news that will make everyone buy Sushi because the price will start to rise rapidly?) If you try hard, you can see and draw the Diamond pattern on the chart , the target of developing such a pattern on the SushiUSDT chart is $3-3.30 The ideal buy price for Sushi is $1-1.10 The critical level is $0.90 The "key level" for the start of the growth trend is $1.60 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
39