Breakout of the dynamic resistance with the retest (blue);
👉 Formation of an ascending triangle and its resistance pinched (in blue).
☝️ Entry: split into two parts. First: from the current ones. Second: breakdown of horizontal resistance and/or support of a flat triangle.
☝️Stop loss: at $14,154.
You will learn the best place where we can trade this instrument...
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...
#SUSHI/BTC TA Update:-
#SUSHI/BTC looking good for fresh entry.
Because trading at support level.
Entry1:- 2900-3000 Satoshi
Targets:- 3959/6498 Satoshi
👉 if candle close below 2800 Satoshi then next good entry will be 2000-2100 Satoshi
So if bearish close then I will exit and again buy at dip ( entry 2)
But don’t enter at entry 2 without...
SUSHI was the strongest alt in my watchlist which bounced back after a decline simultaneously with BTC. Observing this strength made me open another long position at $16,1434.
Again moved S/L upwards after each successful lower high formed.
Got stopped out at $16,73 with a decent profit.
W aiting for level testing.
If the level can withstand the seller's pressure.
Expecting a great upward motion?
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
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SUSHI / USDT
🌟 Techincal Analysis🌟
I really dont like this coin but my members asked me for analysis ..here we are :
Trendline broken in 4H frame
The best entery was at that breakout of both trendline and MA50 at 1.42$-1.43$
With small stop loss at 1.328
And Targets gona be 1.525$ - 1.645$ -1.77$
(Already hit first Target )
If you late and...
On D1, the price found support at $ 0.5, after which new resistance was set at $ 1.7.
On H4, the price corrected after building an upward impulse upward and found support at the $ 1 level. In addition, the RSI reached the oversold level, after which the price recovered in a new upward impulse.
We recommend buying SUSHIUSDT in order to keep the position above $ 3.
On D1, the price has broken the downtrend line. The RSI is near the oversold level, signalling a weakening downtrend.
On H4, the price also broke through the downtrend line. The divergence has formed between the RSI and the price.
At the moment, the price has formed a local correction.
We recommend buying SUSHIUSDT in order to keep the position above $ 1.
Sushiswap cloned Uniswap and launched SUSHI before UNI. Both coins have bottomed out. UNI had a hype cycle on Coinbase listing. Sushi had a pump cycle on Huobi listing and then a dump cycle on Binance futures listing. Platform is stronger than ever and it appears that devs have bought back.
In my previous technical analysis, I noticed that I made a mistake.
Analyzing a project that is still very new on a logarithmic scale can cause errors. So when we convert the graphic to a geometric scale, a much smoother pattern emerges.
Sushi now; perhaps it may be the cheapest level to buy. It can be entered with 25% balance to reduce the risk.