SUSHISWAP - SUSHI/USDT - Weekly - Technical analysis published on 02/28/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 1.66 USDT
My targets
1.21 USDT (-12.32%)
1.01 USDT (-26.81%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.66 USDT remains possible. It is advisable to trade SUSHI - SUSHI/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.66 USDT. The next bearish objective for sellers is set at 1.21 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.01 USDT. In case of crossing, the next objective would be the support located at 0.76 USDT. PS: if there is a bullish break in the resistance located at 1.66 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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Additional analysis
Quotes
The SUSHI - SUSHI/USDT price is 1.38 USDT. The price registered an increase of - over 5 days and has been traded over the last 5 days between - USDT and - USDT. This implies that the 5 day price is - from its lowest point and - from its highest point.-
-
1.38
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Weekly of this SUSHI - SUSHI/USDT chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. 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 bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 1.38 | 1.97 | 6.29 | 15.17 |
| Change (%) | - | +42.75% | +355.80% | +999.28% |
| Change | - | +0.59 | +4.91 | +13.79 |
| Level | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.38 | 1.41 | 1.44 | 1.47 | 1.50 | 1.53 | 1.56 |
| Camarilla | 1.45 | 1.46 | 1.47 | 1.47 | 1.48 | 1.48 | 1.49 |
| Woodie | 1.38 | 1.41 | 1.44 | 1.47 | 1.50 | 1.53 | 1.56 |
| Fibonacci | 1.41 | 1.43 | 1.45 | 1.47 | 1.49 | 1.51 | 1.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.04 | 1.12 | 1.28 | 1.36 | 1.52 | 1.60 | 1.76 |
| Camarilla | 1.36 | 1.39 | 1.41 | 1.43 | 1.45 | 1.47 | 1.50 |
| Woodie | 1.07 | 1.14 | 1.31 | 1.38 | 1.55 | 1.62 | 1.79 |
| Fibonacci | 1.12 | 1.22 | 1.27 | 1.36 | 1.46 | 1.51 | 1.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.56 | 0.76 | 1.01 | 1.21 | 1.46 | 1.66 | 1.91 |
| Camarilla | 1.14 | 1.18 | 1.22 | 1.26 | 1.30 | 1.34 | 1.38 |
| Woodie | 0.59 | 0.77 | 1.04 | 1.22 | 1.49 | 1.67 | 1.94 |
| Fibonacci | 0.76 | 0.93 | 1.04 | 1.21 | 1.38 | 1.49 | 1.66 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.21 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | 8.18 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.94 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 1.93 | |
| Zig ZAG (10): | 1.38 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 58.26 | |
| TEMA (21): | 1.48 | |
| Williams %R (14): | -34.52 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | 0.7100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -1.6500 | |
| Courbe Coppock: | 0.84 |
| MA7: | 1.42 | |
| MA20: | 1.40 | |
| MA50: | 1.29 | |
| MA100: | 1.21 | |
| MAexp7: | 1.33 | |
| MAexp20: | 1.33 | |
| MAexp50: | 2.21 | |
| MAexp100: | 4.41 | |
| Price / MA7: | -2.82% | |
| Price / MA20: | -1.43% | |
| Price / MA50: | +6.98% | |
| Price / MA100: | +14.05% | |
| Price / MAexp7: | +3.76% | |
| Price / MAexp20: | +3.76% | |
| Price / MAexp50: | -37.56% | |
| Price / MAexp100: | -68.71% |
Quotes :
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Real time data
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