SUSHIUST trade ideas
Sushiswap Sushi price analysis🍣 Fresh CRYPTOCAP:SUSHI has been brought to the market, but you need to buy it at a good price and more on that later!)
Only the 4th time, for the first time in 2.5 years, OKX:SUSHIUSDT price managed to break above $2
1️⃣Now the main thing is to wait for confirmation of the breakout and the strength of buyers. That is, we need to wait for the price of the #Sushiswap token to firmly establish itself in the range of $1.50-2 and not fall below it.
2️⃣If this condition is met, the prospects for continued growth to $10 will open up, where selling one #Sushi will allow you to buy a whole roll set :)
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Sushi has reached my targetSushi has hit the target at the 3.618 Fibonacci level.
If you're in the trade, consider adjusting your stop loss to $2.239.
Should Sushi begin to retrace, it may find support around $2.05.
I remain bullish on Sushi, but we might see some downside or consolidation before it moves higher.
DYOR
SUSHI Ready for the big JUMP? SUSHI
Ready for a big move.
The momentum slope in the chart is increasing, indicating that the buying power is strengthening and effectively eliminating the sellers.
If you haven't been following SUSHI so far, you can monitor its progress after it breaks the resistance at 2.590 . For the short-term timeframe, a rise to the resistance box between 4.500 and 5 dollars is reasonable. However, for the long term, SUSHI needs to reach the range of 4 to 4.5.
Again, it is remembered that all trades that are opened are your responsibility
Don't forget to follow.
SushiSwap (SUSHI)📊 SUSHI Analysis
🔹 General Overview:
SUSHI coin managed to break out of its descending channel from the top and reach its weekly timeframe resistance. This resistance could lead to a price correction. The RSI has entered the overbought zone, but another significant resistance still lies ahead.
🔹 Weekly Timeframe Analysis:
If the price manages to break the white weekly resistance zone, it could trigger a sharp move towards the Fibonacci targets:
1.618
2.618
3.618
🔹 Investment Recommendation:
✅ We recommend a laddered entry strategy for investing in this cryptocurrency:
One entry at the current market price.
Another entry if the price corrects downward.
A final entry if the weekly resistance is broken.
🔹 Long-Term Outlook:
Given SUSHI's functionality and low market cap, it has the potential to revisit its previous all-time high. However, gradual profit-taking in the red zones is essential.
🔹 Additional Notes:
1️⃣ Volume Analysis:
An increase in trading volume near the weekly resistance could indicate strong buying pressure. If the breakout is accompanied by high volume, the likelihood of a sharp move increases.
2️⃣ Price Behavior During Correction:
During a correction, observe whether the price drops slowly with low volume or quickly with high volume. A slow correction often signals accumulation by buyers.
3️⃣ Impact of Overall Market (BTC & ETH):
The general market condition, especially Bitcoin and Ethereum trends, heavily influence smaller coins like SUSHI. Ensure the overall market trend is positive.
4️⃣ Timing Investments:
Given the likelihood of a correction near resistance, avoid rushing in. The proposed laddered entry strategy can help mitigate risks.
5️⃣ Monitoring SUSHI's Fundamentals:
Stay updated on SUSHI’s protocol upgrades, new partnerships, or management changes, as these can significantly influence price trends.
💡 Conclusion:
Stay in the game with proper risk and capital management.
#SUSHI/USDT#SUSHI
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $0.800 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 1.10
The first goal is 1.44
The second goal is 1.78
the third goal is 2.20
SUSHIUSDT Reversing from Major SupportSUSHIUSDT technical analysis update
SUSHI's price touched its major yearly support level this week, a zone it has bounced back from multiple times over the last four years. We can expect a bounce from this support level again.
Stop Loss: $0.45
Target :100%-300%
regards
Hexa
Sushiswap Hits Bottom (40-65X Growth Potential)Sushiswap (SUSHIUSDT) hit bottom recently in August 2024. The level at which it bottomed is the same level that launched the 2021 bull-market, a 4,909% bullish wave, and the 2023 recovery wave. This same level can launch the 2025 bull-market.
Sushiswap (SUSHIUSDT) has been green for four consecutive weeks while moving out of the accumulation zone. We are likely to experience a mild bullish wave followed by the strongest bullish action since 2021. One and two. We can expect a maximum of two major corrections within the entire bull-market. The rest of the retraces will be small and short-lived.
Growth potential is huge for this pair, as shown on the chart. The All-Time Low was hit on a wick, so we have a technical double-bottom, simply the action of a long-term support rather than a new low level being established. This means that potential remains open for a new All-Time High in 2025.
The first target on this chart is set at 546% —this is easy. The 1,510% target is do-able and within the last ATH. New All-Time High potential in 2025 gives us staggering numbers, we are looking at 40-65X.
This will be an interesting pair. You can find the Bitcoin counterpart, SUSHIBTC, trade-idea in the 'Related publications' below this post.
Thank you for reading.
Namaste.
Updated Analysis for SUSHI Token: Targets and Exit After presenting an idea about SUSHIUSDT.P and discussing the scenario of hitting the stop-loss level, the analysis has been updated as the stop-loss level was indeed touched. This chart serves as an update to our previous analysis. If the test and retest succeed, we will have a first target. Should the price successfully close above the first line, we will continue upward towards the second and third targets, and so on. However, if the price touches a target line and closes below it, we will exit the trade entirely from that point.
SUSHI interesting for long-term investment
SUSHI would be at good prices to buy and hold for mid and long-term. Indeed, prices revisited the ATL and bounced. Moreover, on 2W TF, a bullish divergence is about to be confirmed (in 9 days to this candle, in green expectedly).
The mid-term target would be the trendline resistance and the long-term one is the previous ATH.
Thank you in advance for any catalyst about SUSHI?
Sushiusdt approaches important support zoneSUSHI has completed a five-wave downward movement and appears to be starting a potential extended upside correction, possibly forming a WXY pattern. The external demand zone is a crucial support level that must hold for this projection to materialize. The chart showcase the projected moving patterns.
SUSHI trade setup Weekly: long term analysis
After around 95% deep correction during the bear market, BINANCE:SUSHIUSDT has revisited its lower point from which we can identify a reverse H&S pattern.
This pattern is characteristic of a trend reversal when formed on a strong support. Let's have a closer look on shorter timeframe
Daily: short term analysis
Increasing volumes on the upward movements and decreasing ones when prices decrease are also very characteristic of such a pattern and reveal the psychology of the market participants.
Strategy
Buy signal has been given on the weekly close above the horizontal resistance line around 1,8$.
Objective 1: Nearest resistance line at 2,80$ (+50%)
Objective 2: H&S target + next resistance at 4,98$ (+170%)
Objective 3: Next resistance at 10,56$ (+480%)
Invalidation
Mental Stop: just below the last consolidation low at 1,33$. This setup proposes a nice Risk Reward
If prices retrace to this stop level we will wait for the weekly closing price then set a Stop loss ¼ or Risk below the weekly close price.
Risk = Distance between Mental stop and entry point.
Sushi superbCrypto is all about following the trend than you making it follow you. That's the place where you lose money when you try to swim against the current.
After the frequent Fbuys and respecting the 9/15 emas, we can see the exhaustion and the Sell print. Now we have to watch what it does after the touching the EMA.
That's how we play the game.
DYOR