SUSHIUSDT- tries to break through the resistance levelHello everyone! Today I found a pretty positive chart at SUSHIUSDT. The coin has been trying for six months to form a good foundation to go beyond the resistance level of 0.74. All this time, the price does not update its lows and presses this level. Therefore, in the near future I expect a coin at the 0.9 mark, at the next logical resistance level.
SUSHIUSDT trade ideas
SUSHIUSDT accumulation phaseSUSHIUSDT is currently in an accumulation phase, which means that the price has been consolidating and trading within a relatively narrow range. This phase is characterized by lower volatility and indecision among traders as they wait for a clear direction in the market.
The daily resistance level at 0.719 is a significant price level that has been preventing the price from moving higher. As long as the price remains below this resistance level, it signifies that there is selling pressure at that price, which keeps the price contained within the accumulation range.
However, if the price manages to break above the 0.719 resistance level and sustains its movement beyond it, this could be considered a bullish breakout according to Plancton's Rules. A bullish breakout occurs when the price moves above a key resistance level, indicating a potential shift in market sentiment from bearish to bullish.
In accordance with Plancton's Rules, a new long position is suggested if the price successfully flips the resistance level. A long position involves buying the asset with the expectation that its price will rise. By initiating a long position after the breakout, traders aim to capitalize on the potential upward momentum and price appreciation that may follow.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
$Sushi's Rising Channel (another angle)CRYPTOCAP:SUSHI in a rising Channel...
Two things can happen:
1. Price Action could have an upward breakout of the channel to hit up resistances: 0.85, 0.90
2. #sushi Price action could break down from channel to retest down supports: 0.65, 0.59.
Remains to be seen
@SushiSwap
SUSHI/USDT Bounced off EMAsHey traders 👋
Let's start this day with SUSHI coin where we see a good chance for potential drop to happen but before that......We have had already that small bounce from EMAs of 200&100 where price bounced nicely and might go for upper resistance zone. That zone is going to be our potential sell zone so let's wait out and see what we will get here!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
$SUSHIDuring the bearish market phase, SUSHI, which has been trading within a descending channel for months, experienced a slightly negative divergence in the market due to fundamental issues on its platform compared to other coins, resulting in a greater decline.
Yesterday, SUSHI witnessed a 17% price increase following a partnership agreement in the DeFi space.
From a technical perspective, we can observe that it has re-entered the descending channel. There is a possibility of retesting the previous level it broke, around $0.91 which is the 20MA on weekly chart. Subsequently, price movements will be entirely dependent on economic developments such as the Federal Reserve Meetings(FOMC) and Jerome Powell's statements regarding interest rates, which will determine market direction this summer.
It is important to note that this trade prediction is purely short-term and does not constitute any investment advice. In the medium term, price movements will be heavily influenced by the statements made during the FED meetings and upcoming financial datas such as inflation rate and non-farm payrolls.
-yesterday daily RSI almost touched the resistance (a price decline expected before the target and we seeing right now)
-Resistance areas= $0.91, $0.80, $1.12
-Support areas = $0.70, $0.60
-Suggested entry price = around $0.70
-target price = $0.87
SushiSwap $1 move?👀 SUSHIUSDT Today Analysis
💎 Sushi USDT is primed for an impressive move, currently trading in a demand area and setting the stage for a bullish trend.
💎 It's maintaining strong momentum above the EMA 50, having successfully closed one daily candle above it, which further strengthens the bullish outlook.
💎 Above, there's a supply zone that the price is expected to reach, grab liquidity, and mitigate.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
SUSHIUSDTCompare the OBV chart to the price chart
massive divergence has been forming on a HTF
Notice the volume spike breaking the OBV trend out of the range to local highs
price action could be a spring section of a wyckoff accumullation
if the price reclaims the range low around 0.85usdt the price may not return to this spring range for a long time and could continue ranging the above price zone for the rest of the year
basically could be a very safe entry that never goes back under your buying price
the chances of this are higher given the OBV trend and the volumespike to break the downtrend that lead to this price zone
if we reclaim the previous range and then revisit the high of that range thats around 163% in profit from here.
stops at the lows
SUSHI S&R in mid-term>>>>>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart.
Based on the SUSHI chart's,
We still wating for prove can start short term upside rally price by short TP...
But show some positive movement's in shorter time frame,
that possibilitie's start short updide rally.
It's not buying signal for unstable market situation's.
It's Not a financial advise.
PLZ DYOR
With hopping success>>>>>
SUSHI/USDT seeks a breakdown! Hey traders 👋
SUSHI is having some troubles to breakdown from local support but we still have a good chance of getting that breakdown! Waiting for momentum and we should be good to go!
If we see this kind of struggle more then there is a good chance for a drop to happen!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Potential Falling Wedge Pattern Formation on $SUSHI/USDT Chart#SUSHI #DEFI #FallingWedge #PatternFormation #TradingView
Hello traders! 👋 I wanted to share an interesting chart observation I made on the $SUSHI/ AMEX:DEFI pair. It appears that a potential falling wedge pattern is forming, which could indicate a bullish reversal in the near future. Let's dive into the details!
1️⃣ Falling Wedge Formation: The price action on the $SUSHI/ AMEX:DEFI chart shows a series of lower highs and lower lows, converging between two trend lines. This pattern is commonly known as a falling wedge, characterized by a contracting range. Falling wedges are often considered bullish reversal patterns.
2️⃣ Volume Analysis: Volume plays a crucial role in confirming patterns. Ideally, we would like to see declining volume as the wedge develops, followed by an increase in volume upon breakout. This could indicate a strong buying interest that could potentially propel the price higher.
3️⃣ Resistance and Support Levels: The upper resistance trend line and lower support trend line are important areas to monitor. A break above the resistance line, accompanied by a surge in volume, may suggest a bullish breakout. Conversely, a breakdown below the support line could invalidate the pattern.
4️⃣ Price Target and Stop Loss: If the falling wedge pattern confirms, a common technique to estimate the potential target is to measure the distance between the widest part of the wedge and add it to the breakout point. As for stop loss placement, it is often set below the support line to limit potential losses.
Keep in mind that technical patterns are not foolproof and should be combined with other forms of analysis, such as fundamental research and market sentiment, before making trading decisions.
To summarize, the $SUSHI/ AMEX:DEFI pair is exhibiting a potential falling wedge pattern, which suggests a bullish reversal might be on the horizon. However, confirmation is required through a breakout above the upper resistance trend line and a surge in volume. Traders should exercise caution and consider utilizing proper risk management strategies.
What are your thoughts on this pattern? Share your insights below! Remember to do your own analysis and consult with financial professionals before making any investment decisions.
#SUSHI #DEFI #FallingWedge #PatternFormation #BullishReversal #TradingAnalysis #TechnicalAnalysis #Cryptocurrency #TradingView
✴️ SushiSwap 400% Target Potential Revealed SushiSwap is still down compared to many other Altcoins... Is that bad or is it good?
It is actually great because this means we can get the lowest prices and benefit/profit from the entire bullish wave.
I won't be shy on this one, let me show you the full potential of this pair.
We have mainly three targets in the coming weeks (about 2 months if all goes well) and the potential goes as follows:
1) First is around 90-98%.
2) Second is around 235%.
3) Third is around 400%.
How will you approach the targets?
How much will you sell and when?
What actions will you take if the market goes bad and turns?
This is your strategy, these questions should be answered before you decide to trade.
Namaste.
SUSHI 4H SHORT💡My Vision of a TRADE IDEA BingX💡
SUSHI/USDT 4H SHORT High Risk According to my analysis;
Entering at the 0.618 Fibonacci level this time coincides with the 200 moving average and the 55 in the 12H chart, taking a position with an RR of 3.38:1. If it manages to reach the previous minimum, which is very possible, then we have an RR of 4.56:1, and setting a stop loss at 2.87% allowing a ‼️MAXIMUM 25X LEVERAGE‼️ with a position size of 1% and the risk of liquidation for this position.
💡Mi Vision de una IDEA DE TRADE BingX💡
SUSHI/USDT 4H SHORT Alto Riesgo Según mi análisis;
Entrando por el 0.618 Fibo en esta ocasión coincide con la media de 200 y en 55 en 12H, tomando una posición con un RR de 3.38:1 y si logra llegar al mínimo anterior que si es muy posible entonces tenemos un RR de 4.56:1 y dejando un stop Loss de 2.87% permitiendo un apalancamiento ‼️MAXIMO DE 25X‼️con una posición del 1% y con riesgo de liquidación de esta posición
