Potential Falling Wedge Pattern Formation on $SUSHI/USDT Chart#SUSHI #DEFI #FallingWedge #PatternFormation #TradingView Hello traders! 👋 I wanted to share an interesting chart observation I made on the $SUSHI/ AMEX:DEFI pair. It appears that a potential falling wedge pattern is forming, which could indicate a bullish reversal in the near future. Let's dive into the details! 1️⃣ Falling Wedge Formation: The price action on the $SUSHI/ AMEX:DEFI chart shows a series of lower highs and lower lows, converging between two trend lines. This pattern is commonly known as a falling wedge, characterized by a contracting range. Falling wedges are often considered bullish reversal patterns. 2️⃣ Volume Analysis: Volume plays a crucial role in confirming patterns. Ideally, we would like to see declining volume as the wedge develops, followed by an increase in volume upon breakout. This could indicate a strong buying interest that could potentially propel the price higher. 3️⃣ Resistance and Support Levels: The upper resistance trend line and lower support trend line are important areas to monitor. A break above the resistance line, accompanied by a surge in volume, may suggest a bullish breakout. Conversely, a breakdown below the support line could invalidate the pattern. 4️⃣ Price Target and Stop Loss: If the falling wedge pattern confirms, a common technique to estimate the potential target is to measure the distance between the widest part of the wedge and add it to the breakout point. As for stop loss placement, it is often set below the support line to limit potential losses. Keep in mind that technical patterns are not foolproof and should be combined with other forms of analysis, such as fundamental research and market sentiment, before making trading decisions. To summarize, the $SUSHI/ AMEX:DEFI pair is exhibiting a potential falling wedge pattern, which suggests a bullish reversal might be on the horizon. However, confirmation is required through a breakout above the upper resistance trend line and a surge in volume. Traders should exercise caution and consider utilizing proper risk management strategies. What are your thoughts on this pattern? Share your insights below! Remember to do your own analysis and consult with financial professionals before making any investment decisions. #SUSHI #DEFI #FallingWedge #PatternFormation #BullishReversal #TradingAnalysis #TechnicalAnalysis #Cryptocurrency #TradingView Longby STP_MrNodeItAll7
✴️ SushiSwap 400% Target Potential Revealed SushiSwap is still down compared to many other Altcoins... Is that bad or is it good? It is actually great because this means we can get the lowest prices and benefit/profit from the entire bullish wave. I won't be shy on this one, let me show you the full potential of this pair. We have mainly three targets in the coming weeks (about 2 months if all goes well) and the potential goes as follows: 1) First is around 90-98%. 2) Second is around 235%. 3) Third is around 400%. How will you approach the targets? How much will you sell and when? What actions will you take if the market goes bad and turns? This is your strategy, these questions should be answered before you decide to trade. Namaste.Longby AlanSantana2224
SUSHI 4H SHORT💡My Vision of a TRADE IDEA BingX💡 SUSHI/USDT 4H SHORT High Risk According to my analysis; Entering at the 0.618 Fibonacci level this time coincides with the 200 moving average and the 55 in the 12H chart, taking a position with an RR of 3.38:1. If it manages to reach the previous minimum, which is very possible, then we have an RR of 4.56:1, and setting a stop loss at 2.87% allowing a ‼️MAXIMUM 25X LEVERAGE‼️ with a position size of 1% and the risk of liquidation for this position. 💡Mi Vision de una IDEA DE TRADE BingX💡 SUSHI/USDT 4H SHORT Alto Riesgo Según mi análisis; Entrando por el 0.618 Fibo en esta ocasión coincide con la media de 200 y en 55 en 12H, tomando una posición con un RR de 3.38:1 y si logra llegar al mínimo anterior que si es muy posible entonces tenemos un RR de 4.56:1 y dejando un stop Loss de 2.87% permitiendo un apalancamiento ‼️MAXIMO DE 25X‼️con una posición del 1% y con riesgo de liquidación de esta posición Shortby alvarogalvan233
just wowperfect textbook market cycle psychology 98% from the top its riskier if you outside of this marketLongby mamenmamel872
SUSHI - New lows on the horizon Recent low barely missed 2021´s bottom (at 0.472). Considering there is no RSI divergence, I still expect further downside. No important resistance or trendline have been broken, so I see absolutely no arguments for buying.Shortby Stoic-Trader225
SushiusdtTime for a low reclaim? 23% back into the range Some old defi coins popping here See no reason sushi should miss the bounce if even ftt is pumping Longby olliecoughland2
SUSHI IS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the SUSHI symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank Youby behdark6
The end of sushi ??The market's current outlook for SushiSwap (Sushi) is on the verge of a potential liquidity grab within the 0.50-0.59 price level range. In other words, the market is poised to trigger a selling or buying spree within this range, which could lead to a significant price movement in the near future. The chart for SushiSwap currently exhibits a very unappealing trend, leaning toward the bearish side. This suggests that the market sentiment is pessimistic, with more investors betting on the price to fall rather than rise. Bearish trends are typically characterized by lower highs and lower lows, indicating a downtrend in the price. This condition is not favorable for those who are long on the cryptocurrency. However, it's important to remember that these trends don't immediately translate into action. The market still awaits the breakdown of this bearish pattern. A breakdown occurs when the price of an asset falls below a support level, often a significant psychological level, confirming the bearish trend. This is a critical phase as it provides a more solid foundation for a bearish market prediction. Once this bearish pattern is confirmed with a breakdown, that's when we might consider a more aggressive short position. Shorting, or betting that the price will go down, can be a risky strategy, but it can also be profitable if the market continues in the anticipated direction. In this context, we have set three target prices (TP) which are points where we may consider closing our positions to capture profits or limit losses. The first target price (TP1) is at 0.70, indicating that if the price were to rebound to this level, we might consider closing our positions. This would protect against the risk of the market reversing its bearish trend. The second target price (TP2) is at 0.59. This is in line with the initial range we discussed, and if the price hits this level, it's a sign that the market is moving as expected, and we could consider taking some profit off the table. Lastly, the third target price (TP3) is at 0.49. If the price reaches this level, it would be a strong indication that the bearish trend is fully in play. At this point, we could consider closing the rest of our short positions to capture the maximum potential profit from this trade. But again, it's critical to monitor the market conditions closely and adjust strategies as needed. by CryptoSlazyUpdated 229
SUSHI buy signalSUSHI looks like an interesting position to buy. Capitulation Signal (gold stripe) signaled in line with major high time frame trendsLongby j-12
SUSHIUSDT SUSHIUSDT developed a strong bullish divergence with green candles on chart. if the bullish divergence plays its role then 0.786 followed by 0.840 are achievable targets.by JustTradeSignals446
sushi on the ledgeon the brink of losing it all there is really not much price action history after this support is lost .71 to 50 cent has been an area of liquidity befor but not for long so.... could be a great shortShortby cointrustmoon10
SUSHIUSDT #Wyckoff 🟢LONGhi Technically, the sushi token is in a good area for buying transactions, and despite the divergence in the 4-hour time frame, which can be seen in both RSI and MACD, this analysis has been further confirmed. Make money 🔥 Comment your opinions, I will read themLongby amirjk9303
SUSHIThe price is attempting to break the key resistance level, the descending trendline. Keep an eye on the breakout or rebound of the price. A breakout of the trendline will push the price towards the POC level, and then it may continue to rise towards the daily 50 MAs.by PUMPmaps2
SUSHIUSDTHI MY DEAR FRINDS that's my sushi usdt 1 h chart if price closed under my line i will open my short position i hope it will go to my target by Feisalbaloch1
SUSHIUSDT Dsushi is a very good choice for short position. PLEASE Don't forgot risk and money management. THANK YOU FOR YOUR TIME. PLEASE BOOST AND FOLLOW..Shortby mofasasloop1
SUSHI BULLISH IDEA (DOUBLE BOTTOM)Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of double bottom coupled with bullish divergence (Bullish reversal pattern) Entry, SL & TP Levels are defined.Longby khabeerkhalid1
SUSHI at interesting prices SUSHI has been consolidating for 10 months, quite a long period for a crypto. It seems that this is an accumulation process following Wyckoff method. CMF values are also in a triangle. Break-out would accelerate prices to upper side. In my opinion, we can DCA here to around $0.95 and hold for few weeks (or months if needed), waiting to sell at the upper ranges (around $2) with interesting R:R=5:1. Invalidation: Weekly close below the longterm trenline (low-range continuous black line) Stoploss: below $0.856 What do you think about SUSHI and about this analysis? Longby evasivesteeringUpdated 6610
Composite Man eats SUSHI for breakfastWhile BTC is up 40% from it's low, SUSHI tanked so low that taking a long trade from here gives you 2.61 in the worst case scenario if it finds resistance at Point Of Control around $1.047. The logic of this trade based on the idea that BTC will continue going relatively flat giving time ALTs for "Pump & Dump" scenario, so CM will be able to make money to buy a new ferrari. Considering that the risk is so low and we are extremely low even at the 1D/2D/4D timeframes I guess this risk worth to be taken. Longby ijustcoinUpdated 3
Sushiswap is a promising project for a bull cycleSushiswap , a decentralized exchange that appeared in the first era of DeFi sector development, is a fork of Uniswap. The project has gained popularity through the release of its native SUSHI token and the attraction of active Uniswap users. In early May, Sushiswap launched the ability to launch concentrated liquidity pools (CLP) that offer a number of advantages over traditional liquidity pools. Some of the benefits of CLPs are: Increased profitability for pool participants: in a CLP, liquidity is concentrated around a certain price range, allowing participants to get more profitability when trading tokens. Reduced gas costs: In a CLP, transactions can be executed faster and with lower gas costs because the prices of tokens in the pool remain stable. Greater efficiency: CLPs allow you to create pools of liquidity with greater efficiency because participants can get more return for their liquidity than in traditional pools. Faster and cheaper trading: due to a higher concentration of liquidity, trading tokens in a CLP can be faster and cheaper, providing a better trading environment. Due to this and Sushiswap's strategy of spreading to as many networks as possible, this could potentially increase the project's impact on the DEX segment. Sushiswap is currently the closest competitor to Uniswap in the key metrics of Price/Fees and Price/Earnings, which shows the soundness of the product and business. If we look at Sushiswap in terms of technical analysis and charts, we see that Sushi is currently trading in the price range of November 2020, if we look at the SUSHI/ETH pair which shows us the ratio of the asset to ETH, we see that since March 2021, Sushi has been in a long downtrend and has been losing the dominance for 2 years now at the lowest level. If we are sure that the current price movement is bullish and we came out of the bearish cycle, from the analysis of previous bullish cycles, we can set the basic levels for taking positions in SUSHI and expect the start of the alt season, when the project should show positive dynamics and win back the dominance lost from ETH. As a rule of thumb, a full-fledged alt-season begins at the end of a bull cycle about 600 days after the exit from a bear market. So readers, you definitely have time to read this article, DYOR and prepare for this stage as much as possible. by Samura0x111115
SUSHI : Over 361 days of support, the DCA strategy can look goodDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. ------------------------------------------------------------------------------------------------------------------- Longby TraderBibres2003Updated 5
sushi usdt daily chart sushi usdt daily chart 2 different scenarios shown by blue arrow long term falling wedge forming at the support zone but bearesh momentum still have ground and for bullish scenario we must wait for bullish momentum candle forms and wedge breakout by khashayar_taheri2
sushiusdtthis is touching supply.if break down support it's down next supply.Shortby purevbattugsbva2