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SUIUSD

SUI SUIUSDT Price Analysis (4h)Greetings, fellow traders! Let's dive into analysis of SUIUSDT's recent price action since our last update 👉 The journey of price movement has been intriguing, revealing essential patterns that provide us with valuable insights. After an impressive breakout from a substantial Triangle pattern, SUIUSDT embarked on a downward trajectory, carving a distinct Falling Wedge shape. This transition didn't just showcase price movement; it signaled a shift in market sentiment, setting the stage for potential opportunities. What adds an intriguing twist to this narrative is the emergence of a Bullish Divergence signal on the Relative Strength Index (RSI) . This phenomenon is akin to a beacon of hope, suggesting that despite the price descending, there's an underlying strength that may soon exert itself. Bullish Divergence occurs when the price is in a downtrend, but the RSI, a key indicator of momentum, moves in the opposite direction, showing a potential loss of downward momentum. This often anticipates a potential trend reversal, acting as a precursor to an upward move. Now, the plot thickens as we witness the formation of a diminutive Rising Wedge pattern. This pattern, characterized by converging trendlines slanted upwards, can be a harbinger of a future price shift. As we know, patterns in trading are like the breadcrumbs left by market participants, providing us with a potential roadmap. However, while Rising Wedges can hint at an upward breakout, they often precede a retracement. This leads us to a forecast for the next few days: a modest retracement in price, possibly aiming to touch the Support Target of $0.56. This level could serve as a temporary resting place before the price springs back to life. Our gaze is then set on a target resistance of $0.71. This price zone has the potential to act as a significant barrier that the price may need to breach to continue its ascent. A successful breach here could be indicative of a more substantial upward movement. In this dynamic dance of patterns and signals, it's important to remember that trading is an art as well as a science. While we delve into the intricacies of price action and patterns, it's crucial to maintain a vigilant eye on risk management. The journey may be exciting, but it's essential to navigate it with prudence. As we anticipate the next chapters in SUIUSDT's story, let's continue to explore, learn, and adapt to the ever-changing landscape of the financial markets. Happy trading, dear comrades! 📈🚀
by Vestinda
2
SUIUSD Above the 1day MA50. Strong Buy.SUIUSD crossed above its 1day MA50 for the first time in its short history. That is a strong technical bullish breakout signal. Buy and target the 0.382 Fibonacci level at 0.95500, which is also near a potential Channel Up pattern that may emerge. The 1day RSI is under 60.00, indicating that this move has significant upside ahead. Further buying can be performed only after a 1day candle closes over the 0.5 Fibonacci, in which case you can target the 0.618 Fibonacci at 1.23450. Follow us, like the idea and leave a comment below!!
CRYPTO:SUIUSDLong
by TheCryptagon
SUI price. What are the prospects: buy, sell or wait?Hype project SUI Please write in the comments why it is interesting to you? Currently, 6% of the maximum possible number of coins are circulating on the market. On the one hand, while the number of coins on the market is still small, it is cheaper to organize a "pump". On the other hand, when many coins are put on the market, there will be a lot of pressure on the price. This is the basis of the "law of supply and demand". The unlocking schedule: - early July +0.6%. - beginning of August +0.7% - beginning of September +0.7% - beginning of October +0.8% - beginning of November +22% In other words, theoretically, the highest chance of a pump in the SUI price is before November 2023. But first, two obstacles need to be overcome: the trend line of recent months is around $0.90 a powerful liquidity zone of $1-1.20, where a month ago users were actively buying SUI in anticipation of growth, but the SUIUSDT price had other plans and dropped by more than 2 times. Therefore, it is very likely that there will be active sales in this liquidity zone by those who want to "break even", as human psychology works. Based on the above assumptions, "the active pumping" of the SUIUSD price has a chance to develop only after the price is firmly established above $1.20 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
29
SUI VS AtopsFriends, hello everyone! I noticed an interesting similarity between two assets - SUI and Atop. After the decline, both assets experienced approximately a 70% loss. However, if we look at APT, we can observe an intriguing pattern - it showed a decline, followed by a minor correction, a final impulse (where the best entry point was), and a 400% increase. Now, as SUI has undergone a decline, we are observing a slight correction, after which we expect a final impulse and further growth. It's fascinating to see what will happen with these assets going forward! Let's keep an eye out for updates.
by CHOWTRADE
SUIUSD has bottomed and is on a bullish reversal.SUIUSD has made a Double Bottom at 1.01500 last week, broke above the 4H MA50 (blue trend-line) and is testing its first major Resistance at 1.24500. We will buy if it closes a 4H candle above it and target Resistance 2. Similarly, extend buying if it closes above Resistance 2, aiming at a complete gap fill on Resistance 2 (1.68000). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SUIUSDLong
by TradingShot
15