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Weekly forecast SushiSwap technical chart
Symbol SUSHIUSD
Trade Setup

#SUSHIUSDT
Total Profit: -1790 pip (-16%)
Closed trade(s): 513 pip Profit (5%)
Open trade(s): -2303 pip Profit (-21%)

Trade Setup:
We opened 8 BUY trade(s) @ 10.827 based on 'Valley' entry method at 2021.10.01.

Closed Profit:
TP1 @ 11.340 touched at 2021.10.08 with 513 pip Profit (5%).

Open Profit:
Profit for one trade is 10.498(current price) - 10.827(open price) = -329 pip (-3%)
7 trade(s) still open, therefore total profit for open trade(s) is -329 (-3%) x 7 = -2303 pip (-21%)

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (9.70 to 8.90). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (9.70)
  • Ending of entry zone (8.90)
DateOctober 14, 2021 - 17:01
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 8.900, beginning of uptrend is expected.
  • We make sure when the resistance at 14.330 breaks.
  • If the support at 8.900 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 8.50 on 09/26/2021, so more gains to resistance(s) 11.34, 12.59 and maximum to Major Resistance (14.33) 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 48.

Take Profits:

  1. 11.34
  2. 12.59
  3. 14.33
  4. 16.20
  5. 18.45
  6. 20.72
  7. 23.35
Click on the level to view price action history.
Symbol Released Current Forecast
SushiSwap (SUSHIUSD) Sat, 13 Apr 2024
SushiSwap (SUSHIUSD) Sat, 6 Apr 2024
SushiSwap (SUSHIUSD) free Sun, 31 Mar 2024
SushiSwap (SUSHIUSD) free Sat, 23 Mar 2024
SushiSwap (SUSHIUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on SUSHIUSD.