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SUIUSD

SUIUSD: rally to $11 has just started.SUI turned neutral again on its 1D technical outlook (RSI = 46.494, MACD = -0.196, ADX = 48.385) as its 6 month Channel Up has hit its bottom and is rebounding. We are still under the 1D MA50 and that's why the outlook is still neutral but the 1D RSI crossed over its MA trendline, which was what confirmed the start of the bullish waves on October 29th 2024 and September 6th 2024. The rallies that followed have been identical, so we're bullish and anticipate an equivalent increase of +220% (TP = 11.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:SUIUSDLong
by InvestingScope
1
SUIUSDT: Is This the Start of a Major Breakout?Yello, Paradisers! Is #SUIUSDT gearing up for a massive rally, or are we looking at a classic fakeout before another leg down? Let’s break it down. 💎#SUI has been proving itself as one of the strongest altcoins lately, bouncing back aggressively after a deviation below key support. Right now, the price is on the verge of reclaiming this level, and if bulls manage to turn it back into solid support, we could see a strong continuation to the upside. 💎The first key target for bulls sits at $4.35, a moderate resistance level that will serve as the initial test of SUI’s strength. If buyers manage to push the price above this region with strong momentum and sustained volume, it would signal increasing bullish control and open the door toward a much higher level. 💎This descending resistance zone, located between $4.70 - $4.85, is where things get serious. This area has historically acted as a supply zone, meaning sellers could step in aggressively to defend it. For SUI to push significantly higher, bulls must break through this region with conviction—ideally with a strong daily close above it and rising volume to confirm the breakout. 💎If buyers succeed in flipping this zone into support, we could see a retest of SUI’s 52-week highs at $5.25 - $5.40. However, this level is not just another resistance—it’s a strong resistance zone where large players may look to take profits, leading to sharp rejections or increased volatility. 💎On the downside, SUI is currently trying to flip the $4.05 - $3.95 region into a firm support base. The longer bulls can hold above this level, the stronger the momentum for a move higher. If selling pressure kicks in, there’s another strong support zone at $3.70 - $3.60, which could act as a key defense against deeper pullbacks. Paradisers, as always, patience and discipline are key here. The market is setting up for a major move, but only those who stick to solid trading strategies will capitalize on it. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
SUI: Further DownSui has sold off sharply in recent days, losing around 35% of its value since the top of the turquoise wave B at the resistance near $5.36. In the short term, this decline should continue until the price reaches the anticipated low of the magenta corrective wave (4) within the same-colored Target Zone between $3.23 and $2.70. From there, we expect an impulsive rise with the magenta wave (5), allowing Sui to break well above the $5.36 resistance and establish the high of the larger green wave . A premature breakout beyond $5.36 has a 30% probability according to our primary scenario.
BINANCE:SUIUSD
by MarketIntel
Skyrexio | SUI Is In Huge Trouble, Be CarefulHello, Skyrexians! The best crypto of 2024 is BINANCE:SUIUSDT , while other altcoins dumped significantly this asset set the ATH every day. This growth caused a lot of optimism and not SUI almost doesn't have haters. It means that price action needs to be cooled off and we will explain you why. On the daily time frame you can see the entire impulse which consists of 5 waves. This is the complete impulse because of divergence on the Awesome oscillator. This is extremely bearish sign especially in conjunction with the Bullish/Bearish Reversal Bar Indicator which has already printed two red dots. You can check its accuracy before. For example it catches perfectly the bottoms of waves 2 and 4. These red dots does not mean that we will see the bear market, but major correction is in progress. The logical target is 0.61 Fibonacci at $1.35. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Short
by Skyrexio
3
SUI at Key Support Zone – Potential Reversal Ahead!COINBASE:SUIUSD is currently trading within a significant support zone. This zone has previously triggered bullish reactions, making it a key area to watch for potential reversals. If the price action shows clear signs of rejection, such as bullish engulfing candles or wicks indicating buying pressure, there is a high probability of a rebound. I anticipate the price could move upward toward the $4.4000 level as the next target.
COINBASE:SUIUSDLong
by DanieIM
4
Sold my SUI, but I will buy back I sold most of my SUI positions today. My overall bias for SUI is still bullish. However, there are some bearish signs in weekly and daily charts. My main concern is if the bear trend resumes in the higher time frame, it will take weeks and months for the price to recover. Meantime, I identified long opportunities in other crypto currencies. I rather realise the profit and reallocate it to others. The reasons for concerns: Weekly: Both RSI and Stochastic have reached the overbought territory and are rolling down. MACD is losing bull momentum and MACD lines are about to cross to the downside. The similar setup happened in April 2024 and the price continued to drop for four months. Daily: The daily MACD and RSI are presenting clear negative divergence. The price also dropped and closed below the ascending trendline (orange line in the chart), and retested and dropped below the trendline as well as Fib 0.236. All daily momentum indicators are entering the bear zone. The reasons for not selling: Although the current chart setup looks pretty bearish, there is a chance it can be a bear trap. Large crypto exchanges and market makers can drop the price to liquidate long positions. For instance, the price fell and closed below the trendline on Oct 25th 2024 ( red vertical line in the chart) after forming negative divergence. But the price quickly recovered and started a parabolic leg up. There is a possibility the same scenario can play out this time as well. I might regret selling my positions, however, although the last time,the price dropped below the trendline, it stayed above EMA 55. This time, it is dropping below EMA55. In summary, I sold my SUI positions because I cannot ignore some strong bearish signs in the higher time frames. Although I still think SUI will perform in the long run, I have identified other crypto currencies that will outperform SUI for now. The opportunity cost of not taking profit and reallocating to others is too great to miss. I will let go of SUI for now, but I will definitely buy back when the bull momentum comes back.
COINBASE:SUIUSDShort
by EbonyFalcon
4
BUY!!I bought more SUI this morning. I use two time frames to decide a trade entry - i.e. weekly/daily or daily/4h. 1) I use stochastic in a higher time frame to confirm the direction of my bias. If I am interested in going long, I first look at the daily stochastics (9,3,3) is reset, crossed and pointing upwards. 2) If the first condition is met, I am going to check the 4H chart and start looking for an entry area. I draw clear horizontal support/resistance area and also an ascending/descending trendline (only if it is a very clear trend). Don't draw too many lines. Keep it simple. 3) I open a position, if the price closes and bounces off the key resistance/support/trendline, and MACD lines cross and point upwards in the bull zone. SUI chart is presenting the perfect scenario, Therefore, I bought more SUI this morning. I don't leverage trade so I don't have a predetermined stop loss/profit target. I will probably close my position if a daily candle moves below, retests and closes below the red support line. I usually take the initial profit when a clear negative divergence appears in either 4H or daily chart. P.S. I sold Sui last week, because it was forming a massive negative divergence in the daily chart. I was anticipating a much larger price correction, however, the fundamentals for the overall crypto market are very strong and now Bitcoin is recovering. So, I decided to buy back and added more this morning. I plan to hold it for the entire Bitcoin cycle.
COINBASE:SUIUSDLong
by EbonyFalcon
BUYI sold my SUI last week because the daily MACD had been forming a very clear negative divergence.  It is my profit taking rule - sell some when clear negative divergence appears in the 4H or daily.    I followed my rule, but I ended up buying back yesterday.    I usually rely on the interaction between MACD and Stochastics to gauge the strength/weakness of the price move.  Both indicators were clearly showing the downward move.  However, RSI was stubbornly refusing to go below 50 level and RSI slow MA  (Orange line) stayed horizontal and eventually started to tilt up.    I started to look at the price action in the lower high frames and I could see the price was refusing to move below the bottom parallel channel. My general bias for SUI is extremely bullish. Both fundamentals and technical set up support its long term upside move. The price may be choppy around $4.95 zone (the previous month high/previous week mid) and the price may retraced when it reaches the resistance area, but there are many layers of buy blocks sitting below. It is also good the 4 hour candle moved above and is now departing from EMA 21. The 4H MACD hasn't entered the bull zone, however, MACD lines are getting wider and wider apart as it approaches the bull zone, therefore, even though it is not confirmed MACD is in the bull zone, the probability for it to eventually enter the bull is high. There are enough signs for bullishness. I am regretting that I sold my SUI. I followed my rule but I feel it was an unnecessary move especially I wasn't trading. That massive negative divergence in the daily chart shook my nerves! Now I bought back SUI and I plan to ride it during this Bitcoin cycle.
COINBASE:SUIUSDLong
by EbonyFalcon
1
SUI hidden patternSUI / USDT Price is playing inside ascending broadening wedge pattern since last September! Where close to lower trendline act as support and near upper trendline act as resistance If you noticed this pattern marks out the bottoms and tops for all market in the same period Which is normal thing for SUI as market leader in this cycle Will this pattern work out again ? Lets see the reaction at support and see 👀 Lower support must hold otherwise deeper correction will occur
by Babenski
1