SUI is bearish on its 1D technical outlook (RSI = 43.481, MACD = -0.255, ADX = 17.753) as it is on a decline since the early January top. This is technically the bearish wave of the cyclical Channel Up and the Jan top was its HH. This is so far a -58% decline that almost tested the 1W MA50. This is same kind of decline after the previous HH of late March 2024. The July break under the Channel Up was a market overreaction but now since we are in the final year of the Bull Cycle, it is very unlikely to see another one. Quite possibly, as long as the 1W MA50 holds, it is more probable to gradually initiate the 3rd bullish wave of the Channel Up. Aim for a similar +500% rise, TP = 12.000.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.