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Weekly forecast SushiSwap technical chart
Trade Setup

Total Profit: 132 point (12%)
Closed trade(s): 132 point Profit

Trade Setup:
We opened 13 BUY trades @ 1.089 based on 'Hammer' entry method at 2023-03-10.

Closed Profit:
TP1 @ 1.221 touched at 2023-03-13 with 132 point Profit. (12%)
12 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 25, 2023 - 19:21
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.860, beginning of uptrend is expected.
  • We make sure when the resistance at 1.640 breaks.
  • If the support at 0.860 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.300 on 03/18/2023, so more losses to support(s) 0.990 and minimum to Major Support (0.860) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 38.

Symbol Released Current Forecast
SushiSwap (SUSHIUSD) free Sat, 24 Feb 2024
SushiSwap (SUSHIUSD) Wed, 21 Feb 2024
SushiSwap (SUSHIUSD) Sun, 11 Feb 2024
SushiSwap (SUSHIUSD) Sun, 4 Feb 2024
SushiSwap (SUSHIUSD) Sun, 28 Jan 2024