SUSHIUSDT - A way up to $2
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Hi,
This is iJustCoin, the one lucky trader who puts his money where his mouth is!
SUSHI price action is about to reverse upwards. I expect the price action to touch the resistance at $2 level.
On my opinion price will fall down to the green rectangle area as a SPRING/TEST event in what is looking like accumulation phase at the moment.
This is will be a 50% move up , i expect it to take about 1-2 weeks.
I'll be updating that idea providing the best moment for entry.
Click like and make sure you are following me on TradingView!
Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
Good Luck, Bye-bye!
And remember this market doesn't respect doubters!
***
Chart Code:
Pastel Green Vertical Line - Long Signal (PAI Reader Strategy)
Pastel Red Vertical Line - Short Signal (PAI Reader Strategy)
Red Dashed Lines - Downward Reversal Momentum
Green Dashed Lines - Upward Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Red Line - Stop Loss
Bold Aqua Dotted Line - Estimate Price Direction
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
Orange Dotted Line - Profit taking Point
***
This is iJustCoin, the one lucky trader who puts his money where his mouth is!
SUSHI price action is about to reverse upwards. I expect the price action to touch the resistance at $2 level.
On my opinion price will fall down to the green rectangle area as a SPRING/TEST event in what is looking like accumulation phase at the moment.
This is will be a 50% move up , i expect it to take about 1-2 weeks.
I'll be updating that idea providing the best moment for entry.
Click like and make sure you are following me on TradingView!
Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
Good Luck, Bye-bye!
And remember this market doesn't respect doubters!
***
Chart Code:
Pastel Green Vertical Line - Long Signal (PAI Reader Strategy)
Pastel Red Vertical Line - Short Signal (PAI Reader Strategy)
Red Dashed Lines - Downward Reversal Momentum
Green Dashed Lines - Upward Reversal Momentum
Green Rectangle - Buying Area
Red Rectangle - Selling Area
Red Line - Stop Loss
Bold Aqua Dotted Line - Estimate Price Direction
Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit
Orange Dotted Line - Profit taking Point
***
Note
Let's wait for this 90M White Energy to close above level 50Note
LEFT CHART: Looks like 90M White Energy will close above level 50RIGHT CHART: But signal from PAI Reader (my custom indicator)
I am forced to enter that trade based on my rules. This exact trade has 5:1 Risk/Reward ratio.
Let's see how this will play out. I have a buy order at $1.14 level as well in case we will go down for test of lower levels.
Note
So far things are looking good. At the left chart 90M Blue LSMA close to level 40, Red RSI is about to cross level 50.
Both of them above level 50 will provide price action to likely remain above the yellow dotted bband basis.
So we need them BOTH above 50
Note
We got another test of support. I added up few support/resistance drawings for better view on a potential breakout above $1.4 level
Note
12H Red Rsi and Blue LSMA are close to cross above level 50. That gives us more chances to touch my price targetsNote
Look at how HIGH this 90M Blue LSMA is. This current pullback will definitely act as support. I'll increase my position once 45M White Energy will close above level 50Note
We are testing $1.28 as support once againNote
We got a triangle and breakout will be very soon.90M Blue LSMA is still telling me that this current move is a shakeout
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