Good 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.
SUSHIUSD
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.
SUSHIUSD