SUILong
Will SUI price hit $3?
Breakout Rally: SUI is showing a strong breakout from a falling channel, which has triggered a bullish rally.
Support & Trendline: Price is finding reliable support at the 50-day EMA and a new ascending support trendline.
Morning Star Pattern: The recent 16.82% jump formed a massive bullish engulfing candle, suggesting a bullish continuation.
Fibonacci Levels: SUI is challenging the 100% Fibonacci level; next targets are set at $3 (1.272) and $4.80 (1.618).
RSI Strength: Bullish momentum is evident as the RSI surpasses the 14-day SMA, approaching the overbought zone.
Rounding Bottom Formation: A completed rounding bottom reversal pattern hints at strong underlying bullish sentiment.
Psychological Resistance at $2: There is a constant struggle to maintain price action above the psychological $2 level, which is crucial for further gains.
Positive EMA Alignment: Daily EMAs (50, 100, 200) are positively aligned, reinforcing the uptrend.
Potential Pullback Zones: In a bearish scenario, the next support levels are near $1.85 at the support trendline and the 50-day EMA at $1.7303.
Volume Surge: A significant uptick in trading volume indicates strong buying interest, further supporting the bullish outlook.
Support & Trendline: Price is finding reliable support at the 50-day EMA and a new ascending support trendline.
Morning Star Pattern: The recent 16.82% jump formed a massive bullish engulfing candle, suggesting a bullish continuation.
Fibonacci Levels: SUI is challenging the 100% Fibonacci level; next targets are set at $3 (1.272) and $4.80 (1.618).
RSI Strength: Bullish momentum is evident as the RSI surpasses the 14-day SMA, approaching the overbought zone.
Rounding Bottom Formation: A completed rounding bottom reversal pattern hints at strong underlying bullish sentiment.
Psychological Resistance at $2: There is a constant struggle to maintain price action above the psychological $2 level, which is crucial for further gains.
Positive EMA Alignment: Daily EMAs (50, 100, 200) are positively aligned, reinforcing the uptrend.
Potential Pullback Zones: In a bearish scenario, the next support levels are near $1.85 at the support trendline and the 50-day EMA at $1.7303.
Volume Surge: A significant uptick in trading volume indicates strong buying interest, further supporting the bullish outlook.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.