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...
$SUSHI currently trading at $14.95
bounced back from Support level .
So I am buying SUSHI
✅ Buy: 14.5 - 16 ✅
1- $18.95 (27.71%)
2- $23.10 (56.33%)
3- $30.00 (102.0%)
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below 11.31
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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...
#SUSHIUSDTPERP - short
Hello friends. In today's review, I want to touch on the SUSHI coin. As you can see on the chart, there has been accumulation lately, forming a descending triangle. As those analysis tells us, this is a bearish pattern. Therefore, we go either after the breakout or at the retest. Volumes have now slowed down, so I expect movement. But risk...
I did expect it to hold up around $18.75, but none of this is ever that exact. Seems to be holding on that upward trend line support though.
The next move will get to the mid-$20s where it'll get stopped for a bit and then I don't think it really stops again for any significant time before reaching new highs.
Past patterns are too strong on this one to not do...
Today, SKL , MATIC, AND SUSHI were listed on Coinbase. SKL and MATIC both put in 50%+ days while SUSHI/USD, putting in bullish activity, did not break out into ATH .. yet.
Aside from the fundamental news, we have some classical chart patterns, and price action clues that a break out to ATH is imminent. On 20 of FEB Sushi found sellers and profit taking at 19.34...
SUSHIUSDT (4H CHART) Technical Analysis Update
Reversing from the support line
SUSHI/USDT currently trading at $18.50
Buy-level: $17.75 TO $ 18.50
Stop loss: Below $16.85
Target 1: $20
Target 2: $22.5
Target 3: $30
ALWAYS KEEP STOP LOSS...
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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...
SUSHIUSDT - Intraday - We look to Buy a break of 17.68 (stop at 16.88)
Daily signals are bullish.
We look for a temporary move higher.
Short term indicators have turned positive.
Pivot resistance is at 17.59.
A break of bespoke resistance at 17.59, and the move higher is already underway.
Our profit targets will be 19.88 and 21.68
Resistance: 17.60 /...
SUSHI attacks resistance area which may be broken soon. If that will happen, SUSHI will continue in parabolic curve.
BEARISH scenario : parabolic curve will be broken and price fall down to support areas.
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.