Alikze »» RUNE | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- According to the analysis presented in the previous post, he retested the supply area after exiting the congestion, but failed to break it.
- It is currently moving in an ascending channel in the weekly and daily time frames, which has broken the dynamic trigger.
- A head and shoulder pattern has formed in the weekly time frame.
💎 If after retesting the dynamic trigger fails to break it and breaks the neckline, it can confirm the head and shoulder pattern for a downward trend to the origin of the movement, which can have downward targets near 3.13 and 2.35 and a green box.
💎 Alternative scenario: if the dynamic trigger is broken, its first target will be $6.25 and then it can be offered after the pullback to the successful structure of breaking the zone, it can have the next targets of $9.38 and $12.5.
🛑 Resistance range: 6.25 - 9.38 - 12.5
🟩 Support range: 3.13 -2.35
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SUI
Alikze »» SOL |Corrective leg C scenario🔍 Technical analysis: Corrective leg C scenario
- In the weekly time frame, wave 5 continued up to the 2.618 Fibo area.
-After that, it entered a combined cycle correction. According to the selling pressure candle in the supply area in time 1W, it can be considered that the upward corrective wave B has ended.
- In the analysis of the previous post, the details of the corrections in the weekly time frame have been reviewed.
- After the instability above the PRZ zone, the correction extended to the green box and the size of the Fibo 1.618 of the previous wave.
Due to the completion of the short-term structural reform, this demand can extend to the supply area after retesting the areas.
Therefore, any upward correction will continue until it breaks the supply zone and can retest the second green box of the liquidity zone.
- If this correction ends flat or if wave C is completed higher than wave A, the correction process can end.
- Otherwise, the minimum correction will continue up to the $100 range.
💎 Possible scenario: we should witness an upward correction, and if the supply zone does not break, after that, it should be faced with selling pressure, which can extend and stretch the correction leg C to the $100 range.
💎 In addition, if the supply area of break and above stabilizes, the bearish scenario ends and needs to be re-examined and updated.
🛑 Resistances: 150 - 163 - 175
🟩 Support: 100-113-125
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Alikze »» BCH | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- It is moving in a medium-term ascending channel.
- But now, due to the structural correction, it is moving in a short-term downward channel.
- Currently, due to the breakdown of the structure and the downward slope, as well as the movement in a short-term downward channel, it can continue with the pullback to the broken structure and the supply zone to the origin of the correction movement.
- Therefore, it can continue the correction with a retest up to the ceiling of the short-term descending channel and the supply area and complete the last leg up to the 250 range by breaking the major ceiling.
💎 Alternative scenario: if it can break the supply zone, the first target will be the $500 range, which can be considered as a pullback to the major ceiling.
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SUI presents a great trading opportunity.#SUI/USDT #Analysis
Description
---------------------------------------------------------------
+ SUI has broken out and is heading towards a strong bullish trend.
+ This presents a great opportunity for a long trade.
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VectorAlgo Trade Details
------------------------------
Entry Price: 1.0954
Stop Loss: 0.7924
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Target 1: 1.1960
Target 2: 1.3515
Target 3: 1.4726
Target 4: 1.7001
Target 5: 2.2037
------------------------------
Timeframe:1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
SUIUSDT.1DAs of today, the SUI/USDT pair presents an intriguing landscape in the crypto market. On the daily timeframe, we've observed a significant downtrend that has been in play since the peak in early May. The current price stands at $0.899, reflecting a recent decline indicated by the red candles dominating the chart.
Key Support and Resistance Levels:
Resistance 1 (R1): $1.0031 - This level previously acted as support during early June but has since transformed into a resistance zone.
Resistance 2 (R2): $1.1984 - A critical high point that was last tested in late April and remains a significant upper barrier.
Support 1 (S1): $0.7641 - The current chart displays this as a pivotal support level that could dictate short-term movements.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) is trending below the signal line, illustrating bearish momentum. The negative histogram values further validate this sentiment.
RSI: The Relative Strength Index (RSI) sits around 39, indicating a bearish momentum but not yet in the oversold territory, suggesting that there could still be room for downward movement.
Analysis Conclusion:
Given the prevailing market conditions, where bearish signals dominate both from price action and technical indicators, I am inclined to maintain a cautious stance. While the current support at $0.7641 may offer temporary relief, the resistance at $1.0031 and $1.1984 poses significant hurdles for any bullish recovery.
Investors and traders should monitor these levels closely. A breach below the current support could lead to further declines, whereas a push above the first resistance might signal a potential shift in momentum. Always consider market news and broader economic factors that could influence price actions significantly.
SUIUSDT.1DIn this technical analysis of the SUI/USDT daily chart, I'll examine the latest price movements and key technical indicators to forecast potential future trends.
Key Observations:
Current Price and Movement:
SUI/USDT is currently trading at $0.8989, showing a decline of 2.30% for the day. This suggests some bearish pressure in the recent trading session.
Support and Resistance Levels:
R1 (Resistance Level 1): $1.0031 - This level represents a near-term barrier that SUI needs to surpass to signal a stronger bullish momentum.
R2 (Resistance Level 2): $1.1984 - A higher resistance level that could come into play if a significant uptrend develops.
S1 (Support Level 1): $0.7641 - Marked as the immediate support, a crucial level to watch if the current price continues to decline.
Technical Indicators:
MACD (Moving Average Convergence Divergence): Currently, the MACD line is below the signal line, suggesting bearish momentum. The separation between the lines indicates that the bearish trend may still be strong.
RSI (Relative Strength Index): At 39.76, the RSI is approaching oversold territory, which might indicate that SUI is becoming undervalued and could potentially see a reversal or stabilization soon.
Analysis and Conclusion:
The current trading dynamics for SUI/USDT indicate a bearish trend with the price nearing the support at $0.7641. The key to future price movements will be whether this support can hold. Should it fail, it may signal further declines and potentially test lower levels not marked on the chart.
Conversely, if the support at $0.7641 holds strong, it could serve as a foundation for a potential rebound. Traders should watch for a reversal pattern or bullish signals from MACD and RSI as indicators of a possible shift in momentum. If a reversal occurs, SUI could attempt to break above the resistance at $1.0031, targeting the higher resistance at $1.1984.
Given the RSI's approach to oversold conditions, there could be an opportunity for buyers to step in soon, particularly if other market or external factors support a bullish sentiment. However, the prevailing bearish MACD suggests that caution is warranted.
In summary, traders should monitor SUI/USDT closely at the $0.7641 support level for signs of stability or a further breakdown. The interplay between the current bearish MACD and nearing oversold RSI conditions could provide interesting trade setups. As always, employing proper risk management strategies is crucial in navigating the potential volatility.
$SUI/USDT - Breakout June/July 24NYSE:SUI seems to be on the bull div on HTF, it is going to ping the 50day EMA soon and if it successfully breaks-out of that neckline it will go all the way. Keep a close eye on that .382 level this is the main resistance zone where it needs to push hard to make its way into the bull cycle!
Beware, use caution and make your entries on super low lev here until BTC has finally settled and bounced off of a strong support line which is in my hypothesis 62.5 - 59 anywhere between those lines. Can happen real soon.
July should give us good green market.
Green trading ya'll
#SUI/USDT#SUI
The price is moving within a 1-hour downtrend channel and is strongly committed to it.
We have a support area at 1.00 and we bounced from it at the lower border of the channel
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise
Entry price is 1.028
The first goal is 1.07
Second goal 1.12
Third goal 1.16
Sui targets. Long Local Daily targets for BINANCE:SUIUSDT
Possible Targets and explanation idea
➡️Global IAP model we came in to 0.38 fib level for retest!
➡️Lowest zone is 0.5 marked flag
➡️Leave liquidity! Already swept! Waiting 3rd the same signal to buy by Trade On indicator
➡️Waiting test and reaction from D order block
➡️Waiting money inflow on MP indicator (blue columns)
➡️Target will be 27 block for take profit
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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SUI Inverse head & ShouldersIf it can continue and break the neckline with strength.
I am looking at both targets to be hit convincingly.
Nice Pattern
looking for #ETH to start showing strength
Than more of these smart contract platforms can get running hard as well.
Don't in the Bull market Things get stupid
And prices go to levels that we may have. hard time imagining today.
Especially on tokens that haven't been exposed to a hype cycle before.
#CETUSUSDT #1D (ByBit) Descending wedge breakoutCetus Protocol regained 50MA support and looks good for bullish continuation, mid-term.
⚡️⚡️ #CETUS/USDT ⚡️⚡️
Exchanges: ByBit USDT, OKX Futures, KuCoin Futures
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 5.7%
Current Price:
0.11343
Entry Zone:
0.11331 - 0.10729
Take-Profit Targets:
1) 0.13344
1) 0.15086
1) 0.16829
Stop Targets:
1) 0.09094
Published By: @Zblaba
$CETUS BYBIT:CETUSUSDT.P #CetusProtocol cetus.zone
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +42.0% | +73.5% | +105.1%
Possible Loss= -35.1%
Estimated Gaintime= 1-2 months
#SUI / USDT long trade setupNYSE:SUI was dumped by its VCs after a 20% token unlock on May 9th. This created prolonged selling pressure.
However, this project is a major new L1 blockchain, and this dump has actually created a good buying opportunity.
NYSE:SUI is poised to recover. There is still some selling pressure, as seen in the price action, so do not expect it to go to the moon like $PEPE. That is why I set my targets relatively low. I will update if the plan is successful.
My price target for the bull run for NYSE:SUI is between $8 and $10, so NYSE:SUI at $1.05 is really cheap in my opinion.
This is not financial advice. Do your own research (DYOR).
Long position on SUIUSDT 8H / Trading SetupBINANCE:SUIUSDT
COINBASE:SUIUSD
Hello dear traders.
Follow for more analysis and positions.
Long position on SUIUSDT 8H
⏱mid-risk status: 2x - 5x Leverage
⚡️TP:
1.135
1.165
1.20
1.27
1.32
1.356
1.425
➡️ SL:
1.028
The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Alikze »» SUI | Wave 3 or short-term bullish C scenario🔍 Technical analysis: Wave 3 or short-term bullish C scenario
- It has a bullish guard in the 4H time frame.
- After an upswing to the 1.172 range, it has had a zigzag correction.
💎 Currently, according to the upward momentum, it can have a pullback to the broken structure (green box) to continue the upward trend.
- The 1.025 area can be used as a support to continue the path.
- This ascending wave can be in the form of ascending wave 3 or C in the short term. Therefore, 💎 the first target of that supply range is the 0.78 fibo range and after that the ceiling of the channel is the 1.29 range.
💎 If the upward trend continues, it can be considered as a support for the next supply area after the failure of the supply area.
💎 In addition, if the previous floor range is broken, it can invalidate the bullish scenario, in which case it should be updated.
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SUI price: Ready...steady...Go !)Six months have passed since the publication of the previous #SUIUSDT idea
During this time, the NYSE:SUI price has made a cool route:
$1,16 👉 $2,10 👉 $0,88
"modestly", but in principle, everything is as predicted)
Now, looking at the #SUIUSDT chart, we can say that $0.88 was the very bottom, twice confirmed. And there may be good growth ahead.
Do you believe in SUI? Do you hold SUI?
💰 Then the medium/long-term target of $3.50 for #SUI is just for you
$SUI / USDT reached the bottom, bounce back. x5-x10 potentialNYSE:SUI is indeed a very promising project, boasting strong technology, substantial VC support, and a significant Total Value Locked (TVL). However, its tokenomics entail massive inflation, which undermines its growth potential.
Nonetheless, it appears that whales have decided to defend the $1 area, resulting in a bounce back. Despite this, the recent 20% token unlock is likely to continue affecting the price, making it unlikely to pump back to its All-Time High (ATH) before VC token releases occur progressively on the way up.
I maintain a moderately bullish stance on $SUI. It represents a solid and relatively safe investment opportunity with the potential for x5-x10 gains during this bull run.
Please refer to the Fibonacci retracement TP outlined in the chart for further insights.
Remember, this is not financial advice; always Do Your Own Research (DYOR) before making investment decisions.
#SUI/USDT#SUI
The price is moving in a bearish channel on the 4-hour frame and is largely sticking to it
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise with an uptrend that has been broken
Entry price is 0.9090
The first target is 0.9700
The second goal is 1.060
The third goal is 1.136