NewWave_Traders

Here's How SUSHI/USD Could Be The Best Performing Asset Of 2021

Long
FTX:SUSHIUSD   Sushi / USD
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My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life.

Let's Talk SUSHI/USD...

When an asset hits price discovery territory the potential becomes infinite and price discovery for SUSHI is what we'd be looking to explore with this Elliott Wave count.

The first wave has formed a rising wedge with a 5-3-5-3-5 structure that is the start of something.

The big variable here is really just where wave 2 will pull back to. In this chart I'm hypothesizing that it will pull back to 2.07. This matches up with the channel support that is commonly used to identify waves of an impulse as well as targets. The 3rd wave is projected (on log scale) for the 1.618 extension of wave 1. The deeper wave 2 pulls back the lower the 3rd wave target becomes.

The orange dotted lines highlight previous swing lows that will want to be defended, with the lowest orange dotted line being the most important low to protect.

Invalidation of this count will be the origination of wave 1.

I chose 2.07 as the most probable support due to price, channel support, fibonacci retracement , and a 1:1 ext of the A wave in the start of the correction. All this lines up nicely for support at 2.07 which is approximately a 30% retracement.

Check out the signature below to learn how to become a full time trader without the full time hours by mastering a proven Elliott Wave trading system unlike anything else available on the market.

To Your Success,
Schyler
Comment: We had a great drop down for our Wave 2 with a STRONG buyup on Kraken. The wick down was a bit aggressive, but nothing that should have triggered any stops as it was all buy opportunity for long holds. A small amount could have been grabbed up just to start the beginning of building a position and then looking for areas of confirmation now to add to that position.

Everything staying on course so far.
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Comments

Biggest incoming opportunity, hopefully. Thanks for your work !
+1 Reply
@kaser30, THank you for engaging and following. Fingers crossed for a massive wave to follow after a pullback.
Reply
kaser30 NewWave_Traders
@NewWave_Traders, By the way, when I try to follow you on Tradingview, I'm got a pop up saying "Oops!
Failed to fetch". It seems I cannot follow you :'(

Any idea why ?
Reply
Looks good, thanks!
+1 Reply
@leisur, Thanks for checking it out.
Reply
The best Elliott Wave trader in the game!
+1 Reply
NewWave_Traders Galaxy_Trading
@Galaxy_Trading, you're badass is right up there with me champ. keep slayin!
+1 Reply
Congratulations
Reply
Thanks for a great chart. Whats your thoughts on Sushi today, do you think its turning bearish with the head and shoulders thats just appeared or is it becoming bullish with a bull flag. I'm a newbie to analysing charts. Just seeing if it's going to drop further or not.
Reply
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