SUI Wave 4: Pivots, Patterns, and PossibilitiesIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The cleanest conservative count, in my opinion, suggests that we are still within a wave 4 or possibly a diagonal. This conclusion is based on the 3-wave move up that has printed so far, which aligns with the characteristics of corrective wave structures.
Wave 4, according to Elliott Wave principles, often presents as a more complex corrective pattern, and this appears consistent with the current price action. However, the situation remains dynamic, and key levels will play a crucial role in determining the next steps in the wave count.
### Key Levels to Watch
1. **4.92**: If price action fails to generate further upside momentum and drops below this level, it would indicate potential weakness and could lead to a revisit the 3.95 level.
2. **3.95 Pivot + Price Action (PA)**: This level will be pivotal in determining where we are within the broader wave count. A hold above this level could maintain the possibility of the current count, whereas a deeper breach could suggest a shift in the structure.
### Scenarios to Consider
- **Bullish Continuation**: If price action remains above 4.92 and generates impulsive moves, it may signal the end of wave 4 and the start of wave 5.
- **Extended Correction**: A drop below 4.92 and a test of the 3.95 pivot could indicate a continuation of wave 4 or a diagonal pattern. An impulsive breach would lend to a flat.
### Neutral Perspective
This analysis remains neutral, focusing on the possibilities rather than definitive predictions. The next moves around these levels will provide important clues about the broader structure and potential directional bias. As always, flexibility and attention to evolving price action are essential when navigating corrective waves.
By monitoring these critical levels and patterns, traders can better position themselves to adapt to the unfolding price action.
Trade safe, trade smart, trade clarity.
SUIUSD
SUIUSD Still holding the 1D MA50 after 4 months! Bullish to $10.Sui (SUIUSD) has been trading within a Channel Up since the August 05 2024 market bottom. The last 10 days of December are seeing a vicious test of the 1D MA50 (blue trend-line), which is so far holding as Support.
In fact the last time we had a 1D candle close below it, was 4 months ago (September 05 2024). With the 1D RSI making a bullish reversal and breaking above its MA (yellow trend-line) while the 1D MACD is about to make a Bullish Cross, both indicators in similar fashion as the bottoms of October and September 2024, we treat the current consolidation above the 1D MA50 as the strongest buy signal of the past 2 months.
The previous two Bullish Legs both rose by exactly +219.25%, so our Target is currently a little below that margin at $10.000.
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Is SUIUSDT on the Brink of a Major Breakout?Yello, Paradisers! #SUIUSDT has been showing remarkable strength, steadily climbing within an ascending channel and gaining momentum from its ascending support. Adding to the bullish narrative, the price is forming an inverse head-and-shoulders pattern—a powerful indicator suggesting the potential for a continuation to higher levels.
💎However, a significant challenge lies ahead. #SUI faces a major resistance zone between $4.80 and $5.00—a critical level that has repeatedly acted as a barrier, preventing the price from breaking higher. Notably, this range also aligns with the neckline of the pattern, making it a pivotal breakout area.
💎A successful breakout, accompanied by strong trading volume, could spark a bullish surge targeting the $5.45–$5.70 range, where the 1.618 Fibonacci extension resides. This area might prompt partial profit-taking as traders capitalize on the move. However, if momentum continues to remain strong, SUI could soar even higher, reaching the next significant resistance levels around $6.50–$6.80, fulfilling the pattern's target.
💎On the downside, SUI is well-supported. Initial support is seen at the $4.00–$3.90 zone, with additional strong support at the ascending trendline near $3.65—a level that has held firm for over 45 days, reinforcing its significance.
Patience and discipline are key here, Paradisers. The market often tests both bulls and bears before making decisive moves, so stay vigilant.
MyCryptoParadise
iFeel the success🌴
SUI Is The Best Asset Of 2024, But It's Almost DoneHello, Skyrexians!
Recently we looked at the assets with the high potential, which are still in the accumulation phase. Today we will take a look at the coin BINANCE:SUIUSDT which has already brought a lot of profit to its holders. While other alts are scamming every day, this coins performs great and now we can see a lot of optimism around this crypto. Is it time to sell SUI or rally will continue and this coins is the next Ethereum?
Let's take a look at the weekly time frame. Elliott waves theory tells us that listing pump was just a wave 1. After that we have seen the consolidation in a wide range. Price was able to maintain at pretty high level and continue pumping. We can count this wave as a wave 2 in a shape of flat correction ABC. After that price started the impulsive wave 3. This wave has the maximum target at 2.61 Fibonacci extension at $6. Correction can start in any moment now, so this token is dangerous.
After corrective wave 4 which can reach approximately $3, we expect the final wave 5 which has the targets above $8. There we have to wait for the red dot on the Bullish/Bearish Reversal Bar Indicator , after that reversal is expected in the new bear market. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Best regards,
Skyrexio Team
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No Matter How Far You Fly, You Will Return SUI!No matter how far you fly, you will return to my primary demand zone, SUI.
While SUI is showing very nice increases, it is also active in terms of volume, there are buyers inside, but they are slowly running out, you see long wick candles, the reason I skipped the first demand zone is that everyone will be waiting there and such zones are directly skipped in dump situations of the market.
You saw this in the recent dump, in all my analyses, I wrote in 10 different analyses that dumps could come, and therefore the first box should not be used without approved upward breakouts. In fact, I did not give the first boxes in many analyses at the risk of being left out. That is why 10 of the 15 demand zones I shared came as points and are at an average of 15% profit. Right now, I pulled the stop of all of them to the entry and took my profit.
I will be patient for SUI because I did not act early. If you could not get it at cheap prices, your only solution is to be patient. If you cannot be patient, unfortunately, you cannot be a hunter. Maybe you hunt a few things by chance, but in the end you will be hunted.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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SUIUSD: The 1D MA50 held again. Bounce incoming.SUI turned stayed bullish on its 1D technical outlook (RSI = 58.166, MACD = 0.287, ADX = 25.285) as the short term pullback stopped right on the 1D MA50, touching it for the first time since November 5th. This kept the Channel Up intact while the RSI hit and bounced on its own 4 month S1 Zone. This is the buy signal for the new bullish wave. We are bullish and aiming for the minimum +140% increase (TP = 7.000).
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#SUI/USDT Ready to go higher#SUI
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 4.6
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 4.73
First target 4.86
Second target 5.06
Third target 5.25
Bulls Say Go, Bears Say No—Who Wins SUI’s Show?SUI is dancing around $4.644, giving traders a reason to sit up and watch.
1. If SUI gets a clean break above $4.956, bulls could grab the reins and push toward the next stop at $5.46. That’s where things could get interesting for those looking for upward momentum (Solid Green Projection).
2. On the flip side, if the price struggles to hold and slides below $4.644, it might signal hesitation in the market. A quick dip to retest $4.644 followed by a rebound would be a good sign that buyers are still in the game (Dashed Green Projection).
3. However, if $4.644 breaks down without a fight, bears could come storming in. A drop toward the next key support at $4.063 would be the logical move (Red Projection).
For now, SUI is at a crossroads—will it charge forward or stumble? Keep an eye on $4.956 and $4.644; they’re the real decision-makers here.
sui usdt"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
SUIUSD Explosive channel Up targeting $7.000Last time we looked at Sui (SUIUSD) we called it in a figure of speech the "Solana killer" (October 29, see chart below), projecting that its current Bull Cycle will be like SOL's 2020 - 2021:
On the current analysis we view SUI on its own on the 1D time-frame and on a much shorter-term horizon. The dominant pattern has been a Channel Up since the August 05 Low and the dynamic that stands out is that during every Bullish Leg, there has been a +138.89% rally.
Technically the rally is initiated after the 1D MACD forms a Bullish Cross and right now we are on the 2nd successive one. As a result, being supported by the 1D MA50 (blue trend-line), we expect at least another +138.89% rally from the recent Higher Low, thus targeting 7.000. As you can see, that is on the 0.786 Channel Fibonacci level, which hasn't been broken since August 13.
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A similar behavior Between ID and SUIStructurally these charts are almost identical
- Same low and higher low
-same rounding bottom pattern
Accumulate ID while its price is low.
It will become a trend and the talk of everyone as soon as it breaks the round bottom pattern just like what happend with SUI
Best regards Ceciliones🎯
SUIUSDT jump
📈 SUIUSDT Trend Analysis 🚀
Looks like SUI just broke through a major resistance level at $1.9740! 🔥 This breakout could signal a bullish continuation 📈, especially if it holds above this level. The next profit targets are marked around $4.4444 and $7.7002 💰 – good spots for traders to consider locking in profits.
📝 Key Tips:
Follow the trend as long as support holds.
Stick to money management rules to protect your gains 🛡️.
Let’s see if SUI can reach those higher levels! 🤑💪
SUIUSD starting a handle to the cup it just formedI placed the measured move line arbitrarily where price action would usually tend to break up from the handle of a cup of this size, if it does validate a breakout anywhere near there the target should be around $4.32. If bitcoin is cleared for takeoff soon and resumes the uptrend/bull market there’s a chance SUI could break out of this cup and handle pattern sooner than that. Also a chance after SUIs meteoric rise that it could continue to consolidate while the rest of the market pumps as well. My hope is the handle sui is now forming is similar in depth to the handle bitcoin has been forming since march, if so I will wait for a good correction before buying any additional sui myself. *not financial advice*
Above 360% with SUI strategyNo predictions, no telling the future, just automation with strategy. SUI has been volatile in 2024, alternating between downward corrections and growth. Taken together, how much profit do you make from SUI? Backtesting results for this strategy for SUI came in at 367% (commission included) as of January 1, 2024. Quite interesting! Strategy S1-TM is available to check.
#SUI/USDT / Ready to go up#SUI
The price is moving in a descending channel on a 15-minute frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of 2.20
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.27
First target 2.32
Second target 2.37
Third target 1.45