THE DARK HORSE OF THIS CYCLE IS SUI! (2 MAIN SCENARIOS)
1. The most important thing is that the price grew without an equivalent volume of buyers - a bearish signal!
2. Buyers actively defended the level of 4.38, which can be seen on the OBV chart's buying accumulation pattern.
Expectations :
1 scenario - the price makes a liquidity test at 4.38 and returns to 4.74
2 scenario - a liquidity test at 4.07, followed by consolidation and a smooth march to new highs
Which of these scenarios is more likely to be realized can be seen only after the price comes to 4.38, and whether the buyer will defend this level
2. Buyers actively defended the level of 4.38, which can be seen on the OBV chart's buying accumulation pattern.
Expectations :
1 scenario - the price makes a liquidity test at 4.38 and returns to 4.74
2 scenario - a liquidity test at 4.07, followed by consolidation and a smooth march to new highs
Which of these scenarios is more likely to be realized can be seen only after the price comes to 4.38, and whether the buyer will defend this level
Trade active
At the moment, 1 scenario has been implemented - a liquidity test at 4.38, a false breakout and a return to the range.
The OBV chart shows a significant volume of buyers at 4.38.
EXPECTATIONS: consolidation in the range of 4.38 - 4.75 with a subsequent upward move
Note
Liquidity was removed at 4.39 and the price consolidated above the previous support level of 4.57
I expect a range formation and the next hike to the ATH update
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