SUSHIUSDT.PS trade ideas
Sushi 10x from here?I based my Fibonacci levels on the highest wick before we entered a bearish wedge and the lowest weekly close. Sushi was strongly supported previously at the .382 level around $6 and recently wicked all the way down to the .236 level at nearly $4, which I would suspect was a really great buy. As of writing, the market cap/total value locked ratio is .126 which shows that its extremely undervalued. In comparison, Uniswap’s ratio is 1.09. Anything under 1 is generally undervalued. Uniswap has a little under $10 billion locked in while it’s younger brother Sushiswap has a little under $6 billion locked in, however their market cap sits under $750 million right now which is only 7% of the market cap of Uni.
Plus, this looks like a bull flag and sushi will be dropping an NFT platform which gives it links to the metaverse and other possible good news. And since it’s a fairly new coin, we are likely to enter a third wave if we break out of this bull flag, which is generally the biggest.
The whales are eating up all the sushi at low prices. I think we’ll see resistance at $16 if we bounce but my target sells are $42, $58, $67. DYOR but if btc goes over $100k this bull run we should see new all time highs for Sushi.
SUSHI - LONG SETUP!Buy low sell high. SUSHI starting to look real good here. Trend change on the cards. This trade can take weeks if not months to achieve our highest take profit target but we never know what exactly will happen in crypto market. High could be in next week. You, as a trader, can look for the best entry, take profit levels and let market to the rest.
SUSHIUSDT SHORT TRAIN FOLLOWING BTCSUSHIUSDT will drop soon by the next 24 hours following BTCUSDT in continuation of the downtrend to the 6.4 region - we can spect a pullback at this sector as you can see on the Fibonacci Retracement metrics.
The ETF SUSHIDOWN by Binance ia a opition if you don't want take a liquidation risk.
Thanks for your attention.
SUSHI - time to buy?SUSHI has broken the trend line and is now in a trading range between the levels of $8.2 and $7.2.
In the event of a breakout of the upper accumulation or a retest as support, there could be a good buying opportunity.
It should be noted that bitcoin and the whole market is in a tense state right now, so strictly follow your risk management!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
SUSHI is inexpensive at ~$8 *Yum (SUSHI-USDT)🍣🍣🍣🍣🍣
😲 (Sushi is very cheap right now,) currently rank #108 CMC.
Wait until price breaks structure to confirm uptrend.
For fundamentals on one of my favorite altcoins SUSHI (SushiSwap,) see ideas linked in post.
Bull targets are marked by lines of 🍣🍣 on chart.
SushiSwap gas fees are a little high 😖, don't worry though, you can avoid this by using the Polygon chain on SushiSwap.🆗👍
lower TF headed for breakout. Let's see if we can breakout and retest for good entry.
Although BTC still has main dominance in the market and is looking bullish, Sushi is correlational to ETH, which is looking strong as well.
💎
Let's go SUSHI.🏁
📈💲
Thank you
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs etc. I always recommend looking at multiple charts when making a big investment!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
🐶
SUSHIUSDT , Our 1st tp reach are u ready for 2nd ???Hello everybody
Everything is shown , dont need any explain
According to our last analysis exactly our buy zone activated and the price reach to the first target and now the other target is shown on chart that is on way of the price
Previous analysis :
Good Luck
Abtin
soft alt sushi buy with plans to cost average in if gets worseI was trying to hold off for a bit on any additional alt positions (mostly zks scalping L2 V2 and some eth and wbtc also on L2 Version 2 ZKS) this 7.00 usd sushi was just to tempting. Spazzed out and bought a touch more on the initial bounce from 7usd - 8usd at 7.70
so for example lets say I have 1k to invest at some point from my L2 holdings of usdt. i want 20 percent of that in sushi so in this case soft position meaning 15-30 % of that 20 percent for sushi so out of 200 usdt set aside for this alt I would buy 30 to 60n usd worth of sushi at 7ish. leaving 170 to 140 back for this alt. Gas fees to get your eth etc from your meta mask etc layer 1 or L1 wallet to the L2 in this case ZKS L2 smart contract or "zkrollup" ( medium.com ) for normal transfer crypto eth fees. to get back to L1 wallet it will be 5 usd in whatever alt you are dropping back to layer one and thats per asset or per erc20 token ( cryptouniverses.com )
for me and mine beside just out rite awesome projects adding utility while pushing the boundries of what possible. DOSE ARTwallet ECOfi Covalent and dexs from the OG uniswap sushiswap 1insh pancakeswap etc etc to different less decentralized cheep to swap and move blockchains like Binance smart chain or BSC polygon serum avax even CRO is attempting something similar. to now Layer 2 dexs like uniswap etc with the cheep features of what eth is one day hopefully going to scale and upgrade to. for now L2 is gaining buzz word recognition and most importantly liquidity. Uniswap with the help of a group funded and called optimism.io, Version 3 L2 uniswap is gaining a foot hold. the lions share of dex volume this last month 0r 3 is heavy on wbtc eth usdt etc swap on cheep L2 v3 uniswap. they have plans to get more liquidity through partnerships etc (remember uniswap bust on to the scene with that 120 million usd airdrop) with help of snx and uma etc this could ramp up quickly. imagine trading and moving crypto for one 20th the current cost or less..... ZKSwap is launching their version or V3 this next month. they have recognized the utility in cross chain L2 organized liquidity and the DEV team is next level on innovation (NO 7 DAY WAIT TO GET TOKENS BACK TO L1 LIKE ON UNISWAP V3. 30 mins most here and 5 usd in that alt dropping to L1) but has a ways to go on hype branding and all the unfortunate things that seem to really move lower market cap alts and crypto in general these days. smilez
Another area we want to see improve besides cross chain ease of liquidity movement or friction is overall user friendly and overall understanding of how X project works and why in a simple new to crypto easy to understand way.
Fiat or real money on and off ramps esp when not exactly KYC'd (can get on or off large amounts of $ without an established identity via bank account etc) With P2P market places poping up once in the crypto land its relatively easy to obscure move swap whatever but getting large amounts on and esp off without using a name is a different story. short of buying btc etc for cash or getting hit 30 percent or more and use a good vpn and gift cards as payment there is really very few options here, In general this is a hugely under rep'd space _sh!t u cant even really move large amounts of crypto on and off (like millions) without creating some small to major waves through centralized accounts in your name let alone anonymously.
G3T In WH3Re ya F!t 1N ya all n never b skeeerd to take dem profits. HGM out and sorry for you loyalists and to lazy to stop following me for still paying attention. New babe again and 2 businesses so yaaaa its nuts but we will have more free content with a site for free resources in the future.
www.coinbureau.com
General crypto Market info_
coinpare.io coinmarketcap.com www.coingecko.com
news aggregator/crypto news feed n more_
cryptopanic.com
all things crypto market announcements etc calendar_
coinmarketcal.com
wallet tracker_
app.zerion.io
Eth wei_gas tracker_
txstreet.com
dex’s we use:
app.1inch.io
uniswap.org
zks.app
aave yfi sushi 1inch uni snx uma lina dose eco.fi mask and always some LIDO after a good alt run (everyone new esp wants to take profits but they dont so they stake eth profits etc on L2 lido platform/project in stETH
SUSHI shorts are eating good🍞sushiusdt saw a huge rejection at top trendline resistance recently, straight blood since then!
I dont expect it to get better until we get close to the bottom trendline support. So stay cautious if long, and congrats if you are short!
you can see the downtrend channel clearly in this image:
price targets are 8.476-5.974-3.472
like and follow for more💘
SUSHIUSDT AnalysisHello friends.
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Everything on the chart.
open pos: market and lower
target: 12.5 - 15.5 - 19.5
after first target reached move ur stop to breakeven
stop: ~im w/o stop (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions.
Sushi technical analysisHello guys, welcome back.
everything you need to know is written on chart, probable targets are drawn with red line.
I'd suggest you guys close the position in the first profit as we are still in the triangle, if we broke the triangle, we might see a pull back, there you can again enter this trade.
its not a financial advice, be careful.
good luck
Sushi Breaking Above Downtrending Resistance Line. Will It Hold?Hi all, wishing everyone lots of happiness and love!
Sushi has been in a daily downtrend since the 9th of November. However, it has now broken above the downtrending resistance line on the 4hr chart, which has been suppressing price as shown in the image. The price is pulling back toward the resistance line. If price comes back and HOLDS it as support, this will be a great low risk set up to use that line as your support and stop loss area if you decide to long.
Firstly, there is some bullish divergence forming on the 4hr timeframe. The MACD is forming higher lows, while price was making lower lows. There was also some nice increasing bull volume on the breakout which we certainly want to see for a sustained upward move. The daily chart is also oversold on the RSI providing another juicy reason to long. Both the Stoch RSI is trending upward and the MACD is about to cross bullish on the daily timeframe. I will be waiting for the resistance line to turn into support before initiating a long position. Hopefully the bear volume subsides on the pullback which will be another clue. My take profit will be just under the daily downtrending resistance line that has formed at around ~$11.
The key is to be patient and let the trades come to you as you hypothesise and envision them, otherwise the market will eat you up whole with no mercy! Good luck!