SUSHI - SUSHI/USD - 1H - Technical analysis published on 11/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.22 USD
My targets
1.29 USD (+3.20%)
1.38 USD (+10.40%)
My analysis
A bullish trend on SUSHI - SUSHI/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.22 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.29 USD. Then the price could move towards 1.38 USD. Then 6.30 USD by extension. Be careful, a return below 1.22 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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Additional analysis
Quotes
The SUSHI - SUSHI/USD rating is 1.25 USD. On the day, this instrument gained +4.17% and was between 1.18 USD and 1.26 USD. This implies that the price is at +5.93% from its lowest and at -0.79% from its highest.1.18
1.26
1.25
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SUSHI - SUSHI/USD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.14 | 1.18 | 1.22 | 1.25 | 1.29 | 1.38 | 6.30 |
| Change (%) | -8.80% | -5.60% | -2.40% | - | +3.20% | +10.40% | +404.00% |
| Change | -0.11 | -0.07 | -0.03 | - | +0.04 | +0.13 | +5.05 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.04 | 1.11 | 1.15 | 1.22 | 1.26 | 1.33 | 1.37 |
| Camarilla | 1.17 | 1.18 | 1.19 | 1.20 | 1.21 | 1.22 | 1.23 |
| Woodie | 1.04 | 1.10 | 1.15 | 1.21 | 1.26 | 1.32 | 1.37 |
| Fibonacci | 1.11 | 1.15 | 1.18 | 1.22 | 1.26 | 1.29 | 1.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.53 | 0.74 | 0.97 | 1.18 | 1.41 | 1.62 | 1.85 |
| Camarilla | 1.09 | 1.13 | 1.17 | 1.21 | 1.25 | 1.29 | 1.33 |
| Woodie | 0.55 | 0.75 | 0.99 | 1.19 | 1.43 | 1.63 | 1.87 |
| Fibonacci | 0.74 | 0.91 | 1.01 | 1.18 | 1.35 | 1.45 | 1.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.33 | 0.42 | 0.60 | 0.69 | 0.87 | 0.96 | 1.14 |
| Camarilla | 0.70 | 0.72 | 0.75 | 0.77 | 0.80 | 0.82 | 0.84 |
| Woodie | 0.37 | 0.44 | 0.64 | 0.71 | 0.91 | 0.98 | 1.18 |
| Fibonacci | 0.42 | 0.53 | 0.59 | 0.69 | 0.80 | 0.86 | 0.96 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 70.92 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 18.65 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 1.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.19 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.21 | |
| Zig ZAG (10): | 1.26 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 94.44 | |
| TEMA (21): | 1.24 | |
| Williams %R (14): | -12.50 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 2.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 6.01 |
| MA7: | 1.22 | |
| MA20: | 1.11 | |
| MA50: | 0.88 | |
| MA100: | 0.73 | |
| MAexp7: | 1.24 | |
| MAexp20: | 1.22 | |
| MAexp50: | 1.22 | |
| MAexp100: | 1.21 | |
| Price / MA7: | +2.46% | |
| Price / MA20: | +12.61% | |
| Price / MA50: | +42.05% | |
| Price / MA100: | +71.23% | |
| Price / MAexp7: | +0.81% | |
| Price / MAexp20: | +2.46% | |
| Price / MAexp50: | +2.46% | |
| Price / MAexp100: | +3.31% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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