SUSHIUSD
SUSHI/USDT Almost definite movementAs we enter another bullish week we have all been waiting for so long, I would advise starting to minimize the risk.
"The money you own is always better than the opportunity you missed."
I made a Prediction for SUSHI, normally I don't publish free stuff, but got so much from @AlanSantana 's predictions couldn't help myself.
Yes, I expect this movement to happen in short term.
I didn't look to the future of this project since there are so many more, I'm getting my money and leaving the stage for good. I couldn't repeat myself enough for my fellow traders:
"The money you own is always better than the opportunity you missed."
"The money you own is always better than the opportunity you missed."
"The money you own is always better than the opportunity you missed."
Peace love and gratitude to everyone everywhere
SUSHI (SushiSwap) Token Analysis 25/03/2022Fundamental Analysis:
SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.
SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.
SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.
Who Are the Founders of SushiSwap?
SushiSwap was founded by the pseudonymous entity known only as Chef Nomi. Little is known about Chef Nomi, or his or her impetus for forking off from Uniswap.
The project has two other pseudonymous co-founders, sushiswap and 0xMaki, also known as just Maki. Between them, they handle SushiSwap’s code, product development and business operations.
More recently, de facto ownership of SushiSwap was passed to Sam Bankman-Fried, CEO of derivatives exchange FTX and quantitative trading startup Alameda Research.
Bankman-Fried is a well-known participant and cryptocurrency market commentator, regularly appearing in media interviews.
SushiSwap primarily exists as an AMM, through which automated trading liquidity is set up between any two cryptocurrency assets.
Its main audience is DeFi traders and associated entities looking to capitalize on the boom in project tokens and create liquidity.
AMMs do away with order books entirely while avoiding problems such as liquidity issues, which hamper traditional decentralized exchanges.
SushiSwap aims to improve on the offerings of its parent, Uniswap, by increasing the impact users can have on its operations and future.
The platform takes a 0.3% cut from transactions occurring in its liquidity pools, while its SUSHI token is used to reward users portions of those fees. SUSHI also entitles users to governance rights.
SushiSwap attempts to mitigate the traditional risks of depositing funds in smart contracts by upping the governance powers of its users.
The anonymity of its developers poses questions beyond a technical standpoint. In September 2020, for example, Chef Nomi was involved in a spat with users after withdrawing 38,000 in Ethereum (ETH) from SushiSwap. The funds were subsequently returned, with Chef Nomi publicly apologizing for doing so and calling the move a mistake.
SushiSwap’s in-house token SUSHI is created at a rate of 100 tokens per block. The first 100,000 blocks had a block reward of 1,000 SUSHI.
The supply of SUSHI will depend on the block rate. At approximately 6,500 per day, and therefore 650,000 newly-minted tokens per day, there will be roughly 326 million tokens in circulation by September 2021, a year after SushiSwap first launched.
SUSHI had no premine, and began to be minted at Ethereum block number 10,750,000, beginning with a supply of zero tokens.
The current CoinMarketCap ranking is #135, with a live market cap of $465,604,012 USD. It has a circulating supply of 127,244,443 SUSHI coins and a max. supply of 250,000,000 SUSHI coins.
Alt-Season is Starting as the BTC.D of Bitcoin Dominance is Falling and Total Crypto Market Cap seems to be Bullish...
Technical Analysis:
we can clearly see the price of this Asset has lost 90% of its Value from its All Time High which is very undervalued and discounted for this Particular asset and is worth of investment as it is accumulating below 85%.
There exist a Bullish Divergence of Price and MACD, which is a significant sign of Bullish Trend and Beginning of a new Cycle.
there are 3 Targets Defined by Fibonacci Trend Base Extension tools to Project the height of the Upcoming Cycle.
SUSHIUSD 1D (parallel channel ) the price of the SUSHI coin is a sensitive price, the important point should be break the channel to up, to be get a free direction to up
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by breaking the channel to up,
Above 6.10 the direction will be strong upward
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Generally
above 3.10 is upward
tp.: 4.04 & 5.00 & 6.05
sl.: under 2.60
risk 3%
SushiSwap (SUSHI) Buy ZoneSushiSwap (SUSHI) Buy Zone
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BIAS
Long-Term : Bullish
Risk : Medium
Even though our long term market structure for SushiSwap is pointing towards a highly probably break above our local high, on lower time frames be can see relative strength and a potential bounce up $2.9 zone.
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$SUSHI/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 2.75 - 2.9
TP 1 : 3.3
TP 2 : 3.97
TP 3 : 4.58
TP 4 : 5.25
TP 5 : 6
TP 6 : 6.78
TP 7 : 7.78
TP 8 : 9.13
Stop Loss : 2.58
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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$SUSHI -Ready to launch soon. $SUSHI -Ready to launch soon. Looking at a double zigzag combo here. The waves are relatively nice but not easily distinguishable on the perp pair from Binance.
Chart here points to the fact that we'd be in in 5 of 5 of C of (Y) of 2, if you can follow ;) Don't sweat it if you can't. I find it hard to revisit an old chart with such counts...
What I'm looking for to long is a bounce in the area of $2.30 +- 3%. I wanna see an RSI above the oversold line to create a nice divergence on the Daily and below timeframes.
Safe trading to everyone.
BUYING SUSHI UNDER $6 FOR HUGE GAINS🌙⚡Evening fellow Traders!
Today we will be considering the trading pair SUSHI/USDT
Right from November last year, SUSHI started an uptrend (Impulsive move) to gain 4000% increase in price up until march earlier this year when it was due a correction.
The Correction so far has been an impulsive ABC correction, spanning at least 266 days and also serves as accumulation phase.
Judging by the I impulse wave growth and that the correction stopped just under the .382 retracement level, we can say the is a First Wave Extension.
Should this be the bottom, Price targets for the III impulse wave is at least at a $100 dollars.
Enter with stops just below the 0.5 retracement level for invalidation reasons and target
$60-$65 as the first target and $100-$104 as the 2nd target.
NOTE: DURATION OF TRADE MAY BE INACCURATE.
SUSHI, will the support line survive another test? SUSHI is in a large trading range between the $3.93 and $4.83 levels. The entire cryptocurrency market corrected yesterday. In doing so, SUSHI tested its lower boundary, which currently acts as support. In addition, it should be noted that there was not much volume during the fall. The high volume at the bottom signals an accumulation of positions on the part of buyers.
While the price is in the trading range, special attention should be paid to the lower boundary of the range. The strategy for the range is a breakout or false breakout of the boundaries. A squeeze and breakout of the lower boundary will be a good opportunity to sell. In case of a false breakout, it is worth opening positions in the opposite direction.
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.
Is SUSHI going to break this resistance?SUSHI is in a large trading range. A key level that lies within this range can be identified.
The key level is now acting as resistance. But in case of a squeeze near the key level, a breakout could occur.
A breakout could be a good buying opportunity.
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, breakout as a good buying opportunity!SUSHI is in a trading range between $3.8 and $4.8. The price is now near a key level. At the moment this level acts as resistance. In case of compression and breakdown of the key level there may be a good opportunity for buying.
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.
SUSHIUSD at $5-7 and $65-120 Myth or Reality ?Today, a review on the trading pair SUSHIUSDT It's been a long time since we looked and analyzed the possible scenarios of the SUSHI price movement.
We don't know about you, but we think that the chart shows that another correction impulse down is about to happen.
The best-case scenario is that the buyers will stop the fall of the SUSHIUSD at $7.30-$7.5 0 and a possible global rally to $65-67 from there.
In the worst case , the fall will be with a renewal of the minimum in the area of $5. Of course, in that case consolidation on bottom will be delayed for a longer period of time, but the global target will grow to the area of $100-120.
Or maybe we don't know something about Sushiswap project and its token SUSHI will have phenomenal growth from the current prices?
Let's share our opinions in comments
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SUSHIUSDT, Supported upper resistance zone :DHello everybody
Sushi is one of the token of exchange that is working on DeFi ...
How many project do you the fundamental analysis ??
If you dont know, you can learn fundamental and technical analysis ---> send us messages in private you can see our id in profile
According to the chart and previous analysis, market exactly supported in support zone area and rised up and give everyone some profit.But now the price after broke the resistance zone its pullbacked to it and now we expect the price that is going up toward the trendline resistance zone.
If you look at carefully you can see the price made 2 bottom but we need acceptance of it.
Dont forget use stop loss and attention to money management when you take in position
Good Luck
Abtin
Previous analysis :
SUSHI broke triangle is going to $0.42Good morning,
this analysis is for Sushi token I played with this token last year and I made some money also lost some money.
Now I'm in the largest short and I want to share what is going on with this token.
Let me start by saying denying this is a Bear Market is the most anti- strategic action you can make considering you are putting in real money.
Just to be clear this analysis is for the long-term not for a daily trader who can find some pumps in the process.
If you look at the chart on the monthly Sushi made exponential growth in less than 2 years and what we are seeing now is a big-time correction.
If you understand BTC is going under $10k in the next months (check my previous chart for BTC) and you don't have to wait for it just expects to go under $30k which is going to happen in the next weeks imagine what could happen to Sushi.
Sushi might get de-listed but time will tell if the chart we see now is accurate or not.
This is just another perspective for you, the symmetrical triangle on the monthly got broken twice and this month is definitely out of the triangle going to hit some immediate targets.
My suggestion is to stay in USDT if you don't know how to trade, stay out of ALT's because most of them will be wiped out with BTC going down for the next year or 18 months. Once BTC reaches the total bottom then and just then pick an ALT that survived the upcoming crypto crash.
Now, don't take my words for granted, Sushi might stay in the game but to be honest, will be under $0.01.
If you are a trader trade this in a bear mode knowing there is no new ATH here, be cautious. However, I strongly suggest staying in cash, for now, don't get anxious and wait for BTC to reach a bottom and better buy BTC's.
The closest target to the downside will be $0.42 and will happen according to the chart in the next couple of months.
If my analysis doesn't fit your ideas it's ok, just have perspective. I will share with you when to buy BTC once the bottom is in, the chart talks.
FTX:SUSHIUSD