SUSHI - SUSHI/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SUSHIUSDT
ISIN:

SUSHI - SUSHI/USDT - Daily - Technical analysis published on 12/10/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 1.28 USDT

My targets

1.12 USDT (-5.08%)

1.01 USDT (-14.41%)

My analysis

There is a bearish trend on SUSHI - SUSHI/USDT both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.28 USDT. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.12 USDT. Then the price could move towards 1.01 USDT. Then 0.93 USDT by extension. Be careful, a return to above the resistance 1.28 USDT would be a sign of a weakening of the trend and a possible rebound 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 is perhaps more risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

5.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by skyallex. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SUSHI - SUSHI/USDT rating 1.18 USDT. The price registered an increase of +0.00% on the session and was traded between 1.17 USDT and 1.20 USDT over the period. The price is currently at +0.85% from its lowest and -1.67% from its highest.

1.17

1.20

1.18

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of SUSHI - SUSHI/USDT indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.93	1.01	1.12	1.18	1.28	1.58	1.88
Change (%)	-21.19%	-14.41%	-5.08%	-	+8.47%	+33.90%	+59.32%
Change	-0.25	-0.17	-0.06	-	+0.10	+0.40	+0.70
Level	Minor	Major	Minor	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.09	1.12	1.15	1.18	1.21	1.24	1.27
Camarilla	1.16	1.17	1.18	1.18	1.19	1.19	1.20
Woodie	1.09	1.12	1.15	1.18	1.21	1.24	1.27
Fibonacci	1.12	1.14	1.16	1.18	1.20	1.22	1.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.88	1.03	1.18	1.33	1.48	1.63	1.78
Camarilla	1.25	1.28	1.30	1.33	1.36	1.39	1.41
Woodie	0.88	1.03	1.18	1.33	1.48	1.63	1.78
Fibonacci	1.03	1.15	1.22	1.33	1.45	1.52	1.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.10	0.46	0.96	1.52	2.02	2.58	3.08
Camarilla	1.18	1.28	1.37	1.47	1.57	1.66	1.76
Woodie	-0.12	0.45	0.94	1.51	2.00	2.57	3.06
Fibonacci	0.46	0.86	1.11	1.52	1.92	2.17	2.58

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.37
MACD (12,26,9):	-0.0300
Directional Movement:	-4.26
AROON (14):	-57.14
DEMA (21):	1.23
Parabolic SAR (0,02-0,02-0,2):	1.10
Elder Ray (13):	-0.07
Super Trend (3,10):	1.47
Zig ZAG (10):	1.18
VORTEX (21):	1.0000
Stochastique (14,3,5):	14.74
TEMA (21):	1.22
Williams %R (14):	-85.26
Chande Momentum Oscillator (20):	-0.16
Repulse (5,40,3):	-4.6800
ROCnROLL:	2
TRIX (15,9):	-0.2600
Courbe Coppock:	4.38

MA7:	1.24
MA20:	1.26
MA50:	1.39
MA100:	1.30
MAexp7:	1.23
MAexp20:	1.27
MAexp50:	1.31
MAexp100:	1.35
Price / MA7:	-4.84%
Price / MA20:	-6.35%
Price / MA50:	-15.11%
Price / MA100:	-9.23%
Price / MAexp7:	-4.07%
Price / MAexp20:	-7.09%
Price / MAexp50:	-9.92%
Price / MAexp100:	-12.59%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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