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SUI

Up 46% Since Last Entry. What's next? 🔥📊 SUI Surges 47% Since September - Is $3 Next? 💥 Since my last post on September 19th, SUI has soared by 47%, moving from $1.31 to the current $1.88. We’re now approaching the first major resistance at $2.03, where I'll be considering taking some profits. However, the next big target is at $3.02. For more details on mid-term targets, be sure to check out my previous chart linked below. As always, October tends to be a historically strong month for the markets, so this momentum could continue. Stay sharp, and let’s make the most of it! One Love, The FXPROFESSOR 💙 Main chart and levels:
Long
by FX_Professor
9/30 Market Surge: SP500, Crypto, and Whale AccumulationOverview: The AMEX:SPY closed strongly today, spurred by dovish remarks from Jerome Powell during a press conference. Powell signaled that the economy is cooling and reiterated the Federal Reserve’s commitment to achieving 2% inflation. As a result, 61% of traders now anticipate a 1 basis point rate cut in November, while 39% expect a 2 basis point cut. The AMEX:SPY had been gradually sliding earlier in the day, but Powell’s comments fueled a rally, allowing the index to engulf Friday’s red candle. Trading volume for the SPY ETF more than tripled during the press conference, reaching levels similar to Wednesday, September 18, when the recent rate cut was announced. Bullish. The tech ETF NASDAQ:QQQ didn’t manage to engulf Friday’s candle but still saw a solid rally, accompanied by trading volume that was 10x higher than usual. BlackRock continued its buying spree, acquiring $72.2 million worth of BTC, which is below their usual $118 million purchases. Over the past six days, BlackRock has accumulated nearly half a billion dollars worth of BTC and an additional $100 million of ETH. Is this how whales are dollar-cost averaging into the market? BTC TA: W: BINANCE:BTCUSD saw a sharp sell-off originating from Asia early Monday. Despite this, it remains above the Bollinger Band MA at $62.8k. The point of control for the current bull move is at $63k, with key weekly and daily resistance at $64k. BTC must hold within the $63k-64k range to maintain the bullish trend; failing to do so could signal one of the year’s largest bull traps. D: The recent correction has halted precisely at the point of control, where the most trading activity occurs. However, the RSI remains overbought at 73.4, and the MACD shows bearish histogram divergence. Bearish. 4h: On shorter timeframes, RSI has moved into oversold territory. Additionally, the VWAP oscillator has crossed above the 0 line, signaling short-term bullishness. A rebound to the $64.7k Fibonacci 0.618 level is possible. Bullish in the short term. 1h: Price broke through the weekly and monthly resistance at $64 k but is struggling to maintain this level due to significant selling pressure. Neutral to bearish. Altcoins Relative to BTC: Top altcoins have started pumping again after Monday’s correction. Coins like SUI, APT, and FTM posted gains of more than 7% by early Tuesday. These altcoins have proven that the recent correction was not a bull trap and are leading the market in this cycle. Even if BTC remains range-bound, altcoins could continue to pump, interpreting the situation as a non-bear market scenario. Bull Case: The bull trap has been avoided, and the market has resumed its uptrend. With additional liquidity expected from future rate cuts, the correction is seen as a temporary pullback. The Federal Reserve's dovish stance increases the likelihood of more liquidity flowing into speculative assets like crypto. Bear Case: The market may still be caught in a massive bull trap. Altcoin buyers at these levels could find themselves overexposed if the broader market falters. Fear and Greed Index: Currently at 47.89, the index has pulled back from the "Greed" area and is now just below the midpoint of 50, indicating a neutral sentiment in the market. Prediction: If BTC fails to reclaim $64 k , sentiment may shift bearish in the near term. Conversely, reclaiming this level could pave the way for further upside, with a first target of $67k.
COINBASE:BTCUSDLong
by EvgenCapital
SUI breaks out with 132% volume surge: is a bull run ahead?Sui (SUI) is capturing the market’s attention with its recent price movement and increased trading volume. Many traders and analysts are wondering whether this momentum could signal the start of a sustained uptrend. Therefore, it’s essential to examine key market metrics to understand the full picture. At press time, SUI was trading at $1.73, reflecting a 2.98% increase over the past 24 hours. This steady rise signals growing confidence among investors. Furthermore, Sui continues to test important resistance levels, which highlights the bullish sentiment surrounding the token. The widening Bollinger bands between $1.40 and $1.97 suggest that volatility is increasing. In addition, the RSI stands at 78.02, deep in overbought territory, indicating robust buying pressure. However, traders should remain cautious, as overbought conditions sometimes signal a potential short-term pullback. Moreover, the surge in SUI’s trading volume is undeniable. With a massive 132.55% increase, the volume now sits at $2.71 billion. This significant rise underscores growing interest in the token across both spot and derivatives markets. Historically, such volume spikes have preceded sharp price movements, and therefore, this increase could propel Sui’s price even higher in the coming days. Given the current market conditions—rising price, surging volume, and increasing social dominance—SUI appears poised for continued growth. While short-term pullbacks may occur, the data overwhelmingly supports the likelihood of a new uptrend. However, traders should stay vigilant as markets can shift quickly.
Long
by paul_endeo
SUI: Steady or sleepy?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Followed the count up and hit the target box. Now Support Zones: $1.450: Immediate support level if the price pulls back. $1.161: A deeper support level, which coincides with significant previous price action. Elliott Wave Structure: The chart shows a potential completing wave 3, and a potential corrective wave 4 before possibly moving into wave 5, which might bring a new high. Outlook: The overall trend is bullish but it is getting extended. Breaking the higher low pattern may be the signal a correction at the larger degree is coming. Trade Safe. Trade Clarity.
Long
by CryptoKnee
1
#SUI (SPOT) entry ( ,82- ,94 ) T. (1.4590) SL (0.7415) entry range ( ,82- ,94 ) Target (1.4590) SL .4H close below (0.7415) #SUI #SUIUSDT #SUIUSD #swingtrade #shortterminvestment #ALTCOIN #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI **** #bitcoin #BTC #BTCUSDT BINANCE:SUIUSDT
Long
by Crypto_alphabit
4
9/28 Huge trend reversal. Bullish on crypto. Overview: Both the AMEX:SPY and NASDAQ:QQQ closed with red candles, yet neither index dropped below the previous day's low. This, coupled with low trading volume, suggests the current price levels may hold for a while. Both indices display bearish divergences on the MACD histogram and lines, signaling potential weakness. The Federal Reserve reported August’s core PCE at 2.7% y-o-y, aligning with expectations and slightly up from July's 2.6%. Speculation surrounds whether rate cuts are fueling inflation, though typically, it takes months for such measures to impact the economy. Next year’s CPI and PPI readings will be crucial. ETF funds have been on a buying spree for seven consecutive days, with September 27th seeing record-high volumes—five times the average. Bitcoin Technical Analysis: W: BINANCE:BTCUSD remains above the Bollinger Bands’ MA, in line with the yearly bull-run volume point of control. After two months of bearish sentiment, signs of a trend reversal are emerging. Resistance is at $67.5k. Bullish. D: BTC broke above $64 k on Thursday and has held above this key level. However, RSI is now at 66.57, approaching overbought territory. 4h: RSI is overbought at 73.28, showing a double peak. MACD’s bearish crossover suggests a pullback to support levels at $65.2k or $64.4k. We expect either a pullback or sideways trading, allowing the MA to catch up. Bearish to neutral. 1h: The lower timeframes indicate BTC is undergoing a correction phase. Neutral. Altcoins Relative to BTC: No major divergences are observed. Unlike BTC, ETH and SOL have yet to reach their previous August 25th highs. Newer alts like SUI, TAO, and NEAR have surpassed their highs, showing strong performance. Bullish Scenario: With BTC holding above GETTEX:64K on the weekly chart, a bullish outlook is more plausible. Global rate cuts may inject liquidity into speculative assets, boosting crypto prices. Bearish Scenario: There’s a risk that the current rally is a bull trap, with a potential sharp reversal. Fear and Greed Index: The index is at 56.67, nearing the “greedy” zone, indicating growing optimism. Prediction: BTC may correct to $64 k before resuming its rally, with the next target being $67k. Opportunities: Bearish: BNB is at monthly resistance, with MACD bearish divergence. NEAR, RNDR, TAO, FTM, and UNI have hit weekly resistance levels, suggesting potential trend reversals. FTM and UNI still haven’t completed their corrections, and MACD divergences may appear over the weekend. Bullish: AR has rebounded from its weekly support level, indicating a strong recovery.
COINBASE:BTCUSDLong
by EvgenCapital
SUI - Breakout imminent or back to support?Let's talk about SUI; at this moment, it could be the new narrative of smart contracts. It has all the cards on the table to steal the throne from Solana as the new project of the moment. All the factors are in place for this to happen: extremely fast transactions, high trading volume, excellent on-chain volumes, and a constantly growing ecosystem. Aside from fundamental analysis, it has proven to be stronger than its other rivals recently, and the resistance and support levels are very clear. Personally, I would like to buy around $0.4, but if I don't have the opportunity, I will wait for the breakout/retest. In my opinion, it is not the right time to open positions; I am observing for now.
CRYPTO:SUIUSD
by MC_Capital_
Alikze »» OP | Ascending channel🔍 Technical analysis: Ascending channel - In continuation of the analysis presented in the previous post, after dealing with the descending channel, it was corrected for a while. which led to the completion of correction leg C. Finally, the modification leg in the range of PRZ-1 met with demand. - Currently, it is moving in a short-term ascending channel. - Due to the exit from the medium-term downward channel and pullback to it, an upward trend has been formed. - Therefore, I expect it to move upward in this channel and continue its growth until the supply range. 💎 Alternative scenario: If it does not have the ability to exit the golden zone and faces the weakness of the trend, the correction can continue until the origin of the movement. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:OPUSDT
Long
by alikze
9/25 Altcoins and BTC Await Next MovesOverview: AMEX:SPY displayed a minor decline yesterday, forming a small red candle while remaining near the upper boundary of its current trading range. This pullback is largely attributed to the underperformance of the oil and gas sector, which saw significant declines. Despite this, there are no clear indications of bearish momentum building up at this stage. NASDAQ:QQQ closed with a green candle, successfully surpassing the previous high set on August 22nd. This breakout signals bullish momentum and a positive outlook for the tech-heavy index. BTC TA: W: Bitcoin is holding above the Bollinger Bands' moving average but remains below the critical weekly resistance level of $64 k. This positioning reflects a neutral to slightly bearish outlook. D: The daily chart reveals why the weekly candle only has a wick above $64 k. Unfortunately, Bitcoin failed to maintain its support line and is now trading below it. If further correction occurs, the target is around $60.3k, where the highest volume of trading activity has been observed. 4h: Analyzing the recent bull run from September 6th, the Volume Range Volume Profile (VRVP) point of control aligns closely with the current price level, indicating significant trading activity here. A breakout could lead to either a drop to $43k or a surge to $80k. Keep an eye on the bearish MACD line divergence, which, although present, needs confirmation on the 1-hour timeframe. 1h: The previously observed divergence has dissipated, and the market is now range trading, indicating a neutral outlook. Altcoins Relative to BTC: Most major altcoins peaked 2-3 days ago and are now waiting for Bitcoin’s next move to decide their direction. Bull Case: As long as Bitcoin maintains its support level without breaking down, there's an increased likelihood of a gradual rise. Current market behavior suggests we are in an accumulation phase, which could precede a strong upward movement. Bear Case: We might be experiencing the peak of a bull trap. Economic indicators are not favorable, and there is a risk that large holders (whales) may begin selling off their positions. Fear and Greed Index: The index has dropped slightly to 48.34 from yesterday's 52.83, indicating a slight shift towards fear in the market. Prediction and Opportunities: On weekly and 4-hour charts, there are divergences in major altcoins, presenting potential opportunities. SOL successfully broke through its $144 resistance level, and ETH did the same with its $2,550 support, establishing these as new support levels. AR also confirmed its $21.73 support level. These setups could offer profitable trading opportunities if confirmed by further price action. Correction Notice: In yesterday's analysis, we incorrectly stated that BlackRock had been on the sidelines with Bitcoin and Ethereum ETFs. New data reveals the opposite: BlackRock made significant purchases of $98.9 m and $184 m worth of BTC on consecutive days, along with a $59.3 m purchase of ETH. While Fidelity customers showed reduced interest, with some selling BTC, BlackRock’s aggressive buying suggests divergent strategies among major players. This highlights the complexities of using ETF flows as a metric, as there is no clear way to track "smart money" in the crypto space. It’s intriguing to observe the varying purchase patterns between BlackRock, Grayscale, and Fidelity.
COINBASE:BTCUSD
by EvgenCapital
Sui (SUI) scores 11% growth in the last 24 hours: analysisWith a bullish recovery rally gaining momentum, the SUI token price shows an exponential rise. Over the past 24 days, it has increased by 135%, with a streak of massive bullish engulfing candles. Currently, it is challenging the 78.60% Fibonacci level at $1.74. With a golden crossover in the daily chart, the RSI line is trading high in the overbought zone. Based on the Fibonacci level, the next target for this rising altcoin stands at $2.00, with the upside potential to the $3.00 resistance level at $1.618 Fibonacci level.
Long
by paul_endeo
9/24 Markets on Edge: Is the Bull Run Here to Stay?Overview: It might seem like the markets have been rallying for the last four trading days, following the recent interest rate cut. The AMEX:SPY formed a bullish spinning top candlestick pattern on Friday and Monday, followed by another green candle on Tuesday. We remain in a bullish trend with no clear signs of reversal. However, it's worth noting that we still haven’t reached a new all-time high and haven't posted a solid green candle engulfing previous ones. The AMEX:SPY hasn’t even surpassed the highest trading price recorded last Thursday. Essentially, we're hovering at the market's peak, deciding whether to kick off a new bull cycle or face a potential downturn. NASDAQ:QQQ also closed positively, but the candlestick pattern is similar to SPY. On Tuesday, the Federal Reserve reported the S&P Case-Shiller Home Price Index, which tracks housing price increases in 20 major U.S. cities. While housing is still appreciating, it’s doing so at a slightly slower pace than anticipated. In July, it rose by 5.9% year-over-year, compared to an expected 6% and the previous reading of 6.5%. The primary driver of home prices is borrowing costs, particularly reflected in mortgage rates. Typically, a 1% increase or decrease in mortgage rates correlates with a 10% change in property values. As interest rates decrease, so do mortgage rates, influencing home prices. Average 30-year fixed mortgage rates dropped from 7.22% in May to 6% in mid-September, translating to a 12.2% increase in housing prices. Therefore, the Case-Shiller Index could see a significant rise, especially if the Fed cuts rates twice more by year-end. The Consumer Confidence Index, distinct from the Michigan Consumer Sentiment Index, also dropped to 98.7 in September, nearing the bottom of its narrow range over the past two years. This is the steepest decline since August 2021, with all five components of the index deteriorating. Consumers’ views on current business conditions and the labor market have turned negative. Additionally, expectations for future labor market conditions, business conditions, and income have all worsened. While this drop is significant, it’s not as severe as during the Dotcom Bubble or the Subprime Mortgage Crisis. Fidelity and Bitwise are slowly dipping their toes into the BTC ETF market, while Grayscale and BlackRock remain on the sidelines. The ETH ETF remains untouched. It’s possible that the recent surge in buying is driven by retail investors. We might need to reconsider the importance of ETF metrics, as they’ve become just another market participant without any apparent insider knowledge. For instance, BlackRock made its largest BTC ETF purchase between February 27th and March 14th when BTC's price ranged from $51K to $73K. On March 12th, they purchased $849 million worth of BTC at a closing price of $71.4K, leaving them in a loss since then. Weekly : This week’s BINANCE:BTCUSD candle is above the Bollinger Band moving average, but it’s still intersecting the $64 k weekly level. If this price holds, it could signal a major bullish trend. For now, it’s still leaning bearish. Daily : Tuesday’s price action pushed us above the weekly $64 k level. The daily candle appears stronger compared to the previous four spinning tops. RSI is approaching overbought territory but hasn’t crossed the 70 mark, and there are no MACD divergences. 4-Hour : The bearish MACD divergence persists, now visible in RSI as well. Three consecutive candles are holding above $64K. Lower timeframes will reveal how many attempts were made to break this level and if previous resistance has turned into support. The price is at the top of the Bollinger Bands. 1-Hour ): On Tuesday, September 24th, at 10 AM, there was a decisive candle indicating an unsuccessful attempt by American bears to break the $62.9K level. The VR VP point of control is precisely at this level, with significant bullish buy orders absorbing the selling pressure. Volume nearly doubled to 1.1 million on Coinbase, compared to an average of 278k. Subsequent candles showed higher volume and a higher low. Once the selling pressure was absorbed, the price began to rise and broke the resistance level. Since the breakout, the price has tested the old resistance level three times but successfully rebounded, closing higher above the Bollinger Band moving average. This breakout was confirmed by a CVD (Cumulative Volume Delta) bullish divergence, available on TradingView. It shows the difference between buying and selling pressure in the market, especially on the 1-hour timeframe. During the 10, 11, and 12 AM candles, a higher low was formed compared to the previous price low, but the CVD indicated a lower low. This suggests that even with immense selling pressure, buy orders were absorbing the sell orders, pushing the price higher. Alts Relative to BTC: While major market indices and BTC might appear flat and indecisive, altcoins are experiencing explosive growth. Since the rate cut, the following alts have surged: TAO: +70% SUI: +50% APT: +37% NEAR: +30% RNDR: +30% Alts had ample room for growth as many collapsed faster than BTC. In early September, SUI and NEAR reached their "BTC ETF approval" price levels from January 10th, while APT hit its 2023 bottom price. It still has another 9% to go before reaching its BTC ETF price. Bull Case: BTC holds $64 k, all selling pressure is absorbed, and liquidity floods the market, especially after China joined the rate-cutting spree, reducing their rate from 2.3% to 2.0%. Bear Case: It could all be one big bull trap, with deeper economic issues globally leaving people with less disposable income to gamble on speculative assets. Fear and Greed Index: 52.83. Increasing but still in the neutral zone. There's a notable divergence: check the Fear and Greed Index chart on CoinMarketCap. The last two lows were on August 5th and September 6th, yet BTC posted a higher second low, indicating irrational fear in the market. Keep an eye on this divergence for future reference.
COINBASE:BTCUSD
by EvgenCapital
Alikze »» CELR | Triple Bottom🔍 Technical analysis: Triple Bottom - In the weekly time frame, a triple bottom has been formed at Fibo 0.78. - According to the return candle in the mentioned area, we expect at least this motivational wave to continue its growth until the neckline. - This climb can have at least 50 to 60 percent profit yield. 💎 Also, if the 0.78 area is broken, the bullish scenario will be invalidated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
9/23 Crypto Faces Gloomy October.Overview: The AMEX:SPY closed higher last week, but Thursday’s candlestick pattern resembles a bearish abandoned baby. What’s more concerning is the weekly chart showing a bearish MACD divergence—while the price keeps hitting all-time highs, both the MACD and signal lines are trending lower. Has this divergence played out already, as seen in the first week of August, or is it still ahead of us? You may have noticed that we only have two more rate cuts left for the year. Why not three, with three months remaining? The Federal Open Market Committee (FOMC) meets only eight times a year. There’s no meeting in October to give time for economic analysis and to avoid overreacting to short-term fluctuations. Conveniently (for bears), September and October are typically weak months for markets. Remember, FTX collapsed in November 2022, bottoming out the crypto market in November-December. The next FOMC rate cut is expected on November 7th, leaving BINANCE:BTCUSD bulls on their own for the next 44 days. However, this cut is not guaranteed. If inflation remains high or increases, the cut could be postponed. Rate cuts are a quantitative easing tool used to support a slowing economy—not one that’s running at full speed. This Friday, the FED will release the PCE index, which could influence their decision. The CME FedWatch Tool currently shows a 55.2% chance of a one-basis-point cut and a 44.8% chance of a two-basis-point cut. In recent letters, we suggested a price increase in late September. Now might be the time to take some profits and wait to see if we can break resistance and establish a new bull trend, or if this is the peak before a downturn. Weekly: BTC closed the week with a strong green candle, slightly above the Bollinger Band Moving Average (BB MA) but still below the highs of late August. The trend remains bearish. Daily: We’re overdue for a correction back to the BB MA, with targets at $61.4k and $60k. The price is hovering around the major resistance level of GETTEX:64K , which is also a key monthly level. The last three days have formed three consecutive dojis, indicating market indecision after 15 days of bullish momentum. Breaking this resistance without first testing the $61.4k support is unlikely. 4-Hour: Weekend price action shows BTC reaching its peak between Thursday and Friday night, pulling back by 2.6% before U.S. bulls prevented further losses. Despite pushing higher on Sunday, Asian bears applied pressure again. Bearish divergence between the price peaks and the MACD-signal line suggests a potential downturn. 1-Hour: At 10:00 a.m. NYC time, BTC posted a big green candle, supported by strong U.S. buying. However, since Monday midnight, the price has been dropping, while the Cumulative Volume Delta (CVD) line remains green and positive. This indicates that despite strong buying pressure, hidden sell orders are absorbing the demand, suggesting: Absorption by Sellers: Large sell orders are preventing the price from moving up. Distribution Phase: Larger market participants may be offloading positions while smaller traders buy, creating an illusion of demand. Potential Reversal: This could signal a potential reversal if the selling pressure eases. Altcoins Relative to BTC: ETH has outperformed BTC, along with NEAR, TAO, APT, AR, RNDR, and AAVE. SUI, BNB, and FTM showed weaker pumps, while SOL appeared the weakest. Bull Case: If the Fed’s two-basis-point cut doesn’t lead to higher inflation and jobless claims continue to rise, it could boost speculative assets. Other central banks around the world may follow suit, increasing global M2 money supply. Bear Case: Until the next Fed rate cut, there’s little to support BTC’s current price against bearish pressure. Fear and Greed Index: Currently at 50.64—neutral sentiment. Overall, the market remains in a delicate balance, while weekly trend is still bearish.
COINBASE:BTCUSD
by EvgenCapital
Sui (SUI): are we seeing 5$ growth?As the bull run in the crypto market gains momentum, the SUI price skyrockets at a breakneck speed. With a streak of bullish candles, the uptrend in SUI is challenging a resistance trendline near the initial price of $1.6785. Will a new breakout run surpass the 78.60% Fibonacci level to hit the $5 psychological mark in October? With a rounding bottom reversal in the weekly chart, the SUI price reveals a trend reversal rally. As the altcoin exceeds more than 100% returns in the last three weeks, the uptrend in SUI surpasses the $1.50 psychological mark. The rounding bottom reversal teases a double bottom pattern with a neckline near $1.67. Further, the all-time high of $2.18 remains a high supply zone, and a breakout above this will boost the bull run. Currently, the SUI price is trading at $1.55 with an intraday drop of 2.04%, concluding the bullish streak. Trading at just a 30% discount from its all-time high, the bull run shows potential for a new all-time high. With the bullish trend reversal rally gaining momentum, the SUI price is likely to complete a double-bottom reversal beyond the 78.60% Fibonacci level at $1.7712. Based on the Fibonacci levels, the uptrend in the SUI price is likely to target the $3 and $5 psychological mark. Further, the bull run history of the crypto market in October bolsters the chances of hitting the target. On the flip side, the support levels for SUI are present at $1.50 and $1.33.
Long
by paul_endeo
SUI: Gearing up for 150% Gain!#SUI has broken above the yellow dotted resistance trendline and is likely to continue its bullish rally. The price has shown a decent rebound, forming a support trendline, and is aiming to reach the upper resistance trendline. Trade setup: Entry 1: CMP Entry 2: $0.54-$0.62 Targets: T1 $1.34, T2 $1.85, T3 $2.57 Trade type: Spot Note: Accumulate on dips and always invest wisely. Do your own research and analysis before investing your hard-earned money. Regards, Team Dexter #SUI #Crypto
Long
by Dexter_The_Trader
Alikze »» DOT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H - It is moving in an ascending channel in the 8H time frame. - It has been in demand recently after hitting the bottom of the channel again. - According to the current form and structure, this upward movement can touch the targets specified in the chart with the support of the green box range. - In the first step, the first target will be the middle of the 4.68 channel, after which it can continue its growth up to the first supply area. - In addition, in the case of breaking and stabilizing above the middle of the channel, it will have the ability to grow up to the ceiling of the channel and the range of the second supply. 🛑 The most important resistance: ~ 4.68 💎 Alternative scenario: If the green box and the bottom of the channel are broken, the bullish scenario will be invalidated and the correction can continue until the origin of the movement. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:DOTUSDT
Long
by alikze
9/21 SP500 Retraces from ATH; Crypto Market Faces Weekend RisksOverview: The VANTAGE:SP500 closed slightly lower yesterday, printing a red candle after reaching an all-time high. The NASDAQ:QQQ didn’t show much divergence and failed to close above its August 22nd high. ETF flows indicate another day of retail investors buying BINANCE:BTCUSDT , while BlackRock remained inactive. No buying of ETH ETFs either. Weekly: Bitcoin’s price didn’t move much and stayed in the same range on the chart. It continues to hover around the GETTEX:64K weekly resistance level, but so far, has been unable to break above it. Interestingly, this price rejection at GETTEX:64K mirrors a similar pattern observed on August 25th. Unlike the previous rejection where wicks extended above the resistance, this current attempt hasn't even breached the level. With a solid green week behind us, there’s a high probability of a Sunday sell-off as traders might take profits ahead of the weekend. Daily: The daily chart shows a clear rejection from the GETTEX:64K resistance level. If this marks the local top, it will be a lower high compared to August 25th, indicating potential weakness in the bullish trend. The weekend could see some selling pressure as traders lock in gains. 4-Hour: RSI has been in the overbought zone and is now cooling off, but no MACD divergences are indicating a trend reversal at this point. The trend remains upward, but caution is advised. 1-Hour: No visible divergences in either RSI or MACD, suggesting no immediate signs of a trend reversal. Altcoins Relative to BTC: No significant divergences were observed in the altcoin market relative to BTC. However, some coins are showing strong performances, like SUI and APT. Bear case: We've reached a peek, and from now its bear territory. Fear and greed index : 49.76 and started to flatten out the curve. Prediction : Sell off on weekend. Opportunities: TAO broke out of its resistance level. Correction down to $361 level is expected.
COINBASE:BTCUSD
by EvgenCapital