Hello traders and investors!
Above I have detailed 2 scenarios, as we reach the end of our descending triangle/ channel shape.
In the pattern we have seen price action hit a bottom and top 4 times on a 4 hour chart๐น.
We have just completed what looks like a large head and shoulders, and instead of going downโฌ, we see bullish movement.
I will be waiting for a confirmation correction to buy in, but I will NOT overlook this token, here are some reasons why
โฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌ
What is SUSHI๐ฃ?
-It is a decentralized exchange (DEX), that was created to expand on the ideas of UNIs vision. SUSHI believes in straying away from KYC, less KYC = less control. This is what we want going into 2021 am I right๐ค๐๐?!!
-SUSHI is inflationary, meaning eventually the value of holding a SUSHI will not be as great as it may have been years๐ ago..
- However, since this token is still just getting started, and has not even come close to reaching its coin market cap, we have a long way to go and much potential profits๐ค๐ฒ, to be made.
-๐ฃSWAP runs off of liquidity pools, and also they use AMMs (Automated market makers), meaning investors earn the token from depositing ETH into SUSHI's liquidity pool.
-SUSHI was founded just last year AUG 2020, and started strong. Shortly after the kickoff โฝ๐โโ๏ธ, the original founder๐ผ decided to withdrawal 14 Million ๐ฒ in September of 2020.
Now, in April 2021, not only has SUSHI ๐ฃ fully recovered๐, we have reached a new ATH! WOW๐. SUSHI now has new leaders, and is going strong, teaming up with POLKA DOT creating a cross-chain DEX, among other networks SUSHI is getting involved in, so that it can keep going strong๐ช.
Swap has great potential into 2021. Since COINBASE is about to go public, more independent, tokens such as SUSHI๐ฃ are going to be the shining starsโญ๐, of the decentralized finance (DEFI)๐ฒ๐ฒ, world๐๐!
Remember, SUSHI is run through ETH, so they will be correlational to a certain degree.
Invest wisely! The market is very volatile and can be dangerous..
Always have a stop loss โ๐, set.
Any questions๐ค, thoughts๐ก๐ญ, happy๐, sad๐ข like or dislike ๐๐ in comments below! Thank you so much!
This is not financial advice,
Jazerbay ๐
video for reference
โฌ
youtube.com/watch?v=QT22cjeJuBQ&t=74s
Above I have detailed 2 scenarios, as we reach the end of our descending triangle/ channel shape.
In the pattern we have seen price action hit a bottom and top 4 times on a 4 hour chart๐น.
We have just completed what looks like a large head and shoulders, and instead of going downโฌ, we see bullish movement.
I will be waiting for a confirmation correction to buy in, but I will NOT overlook this token, here are some reasons why
โฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌ
What is SUSHI๐ฃ?
-It is a decentralized exchange (DEX), that was created to expand on the ideas of UNIs vision. SUSHI believes in straying away from KYC, less KYC = less control. This is what we want going into 2021 am I right๐ค๐๐?!!
-SUSHI is inflationary, meaning eventually the value of holding a SUSHI will not be as great as it may have been years๐ ago..
- However, since this token is still just getting started, and has not even come close to reaching its coin market cap, we have a long way to go and much potential profits๐ค๐ฒ, to be made.
-๐ฃSWAP runs off of liquidity pools, and also they use AMMs (Automated market makers), meaning investors earn the token from depositing ETH into SUSHI's liquidity pool.
-SUSHI was founded just last year AUG 2020, and started strong. Shortly after the kickoff โฝ๐โโ๏ธ, the original founder๐ผ decided to withdrawal 14 Million ๐ฒ in September of 2020.
Now, in April 2021, not only has SUSHI ๐ฃ fully recovered๐, we have reached a new ATH! WOW๐. SUSHI now has new leaders, and is going strong, teaming up with POLKA DOT creating a cross-chain DEX, among other networks SUSHI is getting involved in, so that it can keep going strong๐ช.
Swap has great potential into 2021. Since COINBASE is about to go public, more independent, tokens such as SUSHI๐ฃ are going to be the shining starsโญ๐, of the decentralized finance (DEFI)๐ฒ๐ฒ, world๐๐!
Remember, SUSHI is run through ETH, so they will be correlational to a certain degree.
Invest wisely! The market is very volatile and can be dangerous..
Always have a stop loss โ๐, set.
Any questions๐ค, thoughts๐ก๐ญ, happy๐, sad๐ข like or dislike ๐๐ in comments below! Thank you so much!
This is not financial advice,
Jazerbay ๐
video for reference
โฌ
youtube.com/watch?v=QT22cjeJuBQ&t=74s
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