Crypto Heat Check: Anticipating a Cooling Off in the MarketThe crypto market's temperature seems to be rising, indicating a potential need for a healthy relief bounce. While the altseason may not have concluded, it's prudent to brace ourselves for a corrective move downward.
Taking a closer look at the SUIUSDT example, we can witness the market's respect for the supply area. Particularly noteworthy is today's occurrence—a clean bounce off the 61.8% Fibonacci resistance level, signaling a palpable downward pressure. This could potentially translate into a 15-20% price drop.
Don't get overexcited and be ready for any scenarios!
Suiusdt
SUIUSDT Swift Recovery and Downtrend BreakUpon observing SUIUSDT's medium-term price action, a discernible supply/demand zone materializes in the vicinity of $1.44. While there was an initial attempt to breach this zone, the descent halted in proximity to the 88.6% Fibonacci support. Subsequently, SUI swiftly rebounded, reclaiming its position above the demand area.
The most recent price movements underscore a significant development—the breakthrough above the downtrend trendline. This could potentially signify a persistent bullish pressure.
Our expectation is for SUIUSDT to sustain its upward move, aiming for the nearest key resistance, characterized by a double Fibonacci level.
It's essential to note that only a decisive break below the demand area would cast doubt on this bullish scenario, prompting a reevaluation of the prevailing market dynamics.
SUI/USDT SHORT Signal – Catch The Trend Reversal!We're spotlighting a SHORT opportunity for SUI/USDT.
Trading Signal
Entries: 1.854 USDT & 1.955 USDT (Market Orders)
Stop Loss: 2.072 USDT to safeguard your trade
Profit Targets
Target 1: 1.762 USDT, adjust to breakeven
Target 2: 1.671 USDT
Target 3: 1.51 USDT
Helpful Tips
Save Money: Use limit orders instead of market orders for lower fees.
Stick To Your Plan: This is key for making progressive gains!
Control Your Risk: Your stop-loss order protects you against unforseen market reversals.
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End or Reborn? -SUISUI outperformed most tokens on the market in January 2024. With the high reward of LP on Cetus and the points competition between Scallop Lend and NAVI Protocol, a large amount of funds poured into SUI Network. However, after the points competitions ended, the TVL on SUI began to gradually decrease. Price gradually decrease. Today we use indicators to see whether the rise of SUI is over or restart.
From the TSB indicator, we can clearly see that before the main rise, the TSB indicator prompted a BUY signal, and the SUI rose again after touching the blue and red wavy areas many times during the callback process. Two days ago, the bears strengthened again, the price hit the bottom of the red zone, the TSB indicator became valid again, the bulls strengthened, and the price rebounded.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
🌟 SUI: Potential Shift in Structure! 📈💹📊 Analysis:
Interesting Level: SUI is at an interesting level, flipping its range high into support.
Short-Term Downtrend: A potential break from the short-term downtrend is anticipated.
Higher Low Formation: Aiming for a higher low formation after breaking previous highs at $1.70.
Entry Range: Consider laddering into a spot long between $1.4 and $1.7.
Take Profit Levels: Potential profits at $2 or $2.82.
Stop Loss: Set a stop loss under $1.34.
🌐 Note: Monitor SUI's price movement and adjust your strategy based on market conditions.
OPUSDT IDEAUPDATE
The breakout of the Ascending triangle pattern has already occurred within the 1Week timeframe✅
Seems Like Ready For Massive Bullish Wave📈
COIN DETAIL
Optimism price today is $ 3.75 with a 24-hour trading volume of $ 785.72M, market cap of $ 805.31M, and market dominance of 0.04%. The OP price decreased -6.76% in the last 24 hours.
SUI/USDT Indicating Bounce and Back to upward tested on ATH!💎 SUI has recently showcased noteworthy market dynamics, encountering rejection at the resistance all-time high (ATH) level, resulting in a downward movement towards the demand area.
💎 Currently, SUI is exhibiting signs of a potential bounce from the demand area, indicating a possible upward trajectory. If this bounce proves valid, SUI may resume its upward movement and revisit the resistance ATH.
💎 However, if SUI breaks below the demand area, it could signify a bearish trend continuation, leading to further downward movement towards the support area around 0.98.
💎 The support area holds significant importance, as a bounce from this level is crucial for SUI's potential continuation of the upward movement.
💎 Failure to bounce and a subsequent breakdown below the support would further strengthen the bearish momentum, potentially resulting in continued downward movement for SUI.
SUI target 2.14h time frame
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SUI is getting support at 0.618 Fibonacci Projection which made of the wave from 0.36 to 1.7. Furthermore, SUI also retested the 0.382 Fibo Projection twice, that is measured by the new and smaller wave. These retest present great support for SUI at 1.36~1.5, and allow us to set up a comparable well trading plan.
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TP: 2.1~2.2
SL: 1.33
ZENUSDT IDEAUPDATE
Broken Falling Wedge in Weekly Time frame Positively.
If holds over broken level, 100-120% increase in price may be seen
COIN DETAILS
Horizen (ZEN) Price today is $10.37, for the last 24 hours 964,463 ZEN coins were exchanged with a trading volume of $10,004,091. It's currently traded on 21 exchanges. The price is down by (-0.75%) for the last 24 hours. It has a circulating supply of 7 million ZEN coins and is ranked #393 by current Horizen market cap of $75 million.
XRPUSDT IDEAUPDATE
Looking positive to break Triangle in Weekly Time frame.
Successful Breakout can lead a massive bullish move 📈.
COIN DETAILS
XRP Price today is $0.5439, for the last 24 hours 1,352,859,083 XRP coins were exchanged with a trading volume of $735,845,281. It's currently traded on 80 exchanges. The price is down by (-0.02%) for the last 24 hours. It has a circulating supply of 43 billion XRP coins and is ranked #8 by current XRP market cap of $23 billion.
SLPUSDT IDEAUPDATE
Ascending channel Upside Breakout is Already Done in 12H Timeframe
Expecting Massive Bullish Wave in Coming days📈
COIN DETAILS
The live price of Smooth Love Potion is $ 0.003784 per (SLP / USD) with a current market cap of $ 156.35M USD. 24-hour trading volume is $ 12.02M USD. SLP to USD price is updated in real-time. Smooth Love Potion is +0.64% in the last 24 hours with a circulating supply of 41.32B.
HOTUSDT IDEAUPDATE
Broken Falling Wedge in 3D Time frame Positively.
If holds over broken level, 100-140% increase in price may be seen .
COIN DETAILS
The live price of Holo is $ 0.00239 per (HOT / USD) with a current market cap of $ 413.30M USD. 24-hour trading volume is $ 12.07M USD. HOT to USD price is updated in real-time. Holo is +0.33% in the last 24 hours with a circulating supply of 172.93B.
🔥SUI VS APT: This Pattern Works On ALL Fresh🔋 AltcoinsSui Network is the new altcoin on Binance which has an unlimited potential.
Now the price fell by -72% and consolidating inside green area. Additional bullish signal is a potential close above $0.45 key level.
The closest worthwhile target is at $1-1.25 (+170-200%). If BTC will close above 31-34k and continue its growth, SUI can easilly grow by 4-10-50x on a bull market.
💥$300M cap can easily turn into $1B or eve more how it was with Aptos.
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1INCHUSDT IDEAUPDATE
Broken Falling Wedge in 1W time frame Positively.
If holds over broken level, 70-80% increase in price may be seen .
COIN DETAILS
The live price of 1inch Network is $ 0.49076 per (1INCH / USD) with a current market cap of $ 560.33M USD. 24-hour trading volume is $ 221.91M USD. 1INCH to USD price is updated in real-time.
ALPHAUSDT IDEAUPDATE
Breaking Bullish flag with a very solid candle in 1D time frame.
Expecting an energetic move towards 0.21$.
COIN DETAILS
The live price of Alpha Token is $ 0.004151 per (A / USD) with a current market cap of $ 144,185.85 USD. 24-hour trading volume is $ 0 USD. A to USD price is updated in real-time. Alpha Token is -2.35% in the last 24 hours with a circulating supply of 34.73M.
SUI FORMING HEAD AND SHOULDERS PATTERN CURRENTLY ON THE NECKLINEIn this post, we'll focus on the head and shoulders pattern formed on the price movement of $BINANCE:SUIUSDT. By the time of this writing, the price is currently hitting the neckline of the pattern. I'll also provide my charting for the coin as well as target areas in my full technical analysis on this idea thread below. Stay tuned and happy trading!
Alikze => SUI | Reverse head and shoulders patternAccording to the previous analysis, after reaching the final target and after the last attempt to break the resistance, a head and shoulders pattern was formed, whose dynamic trigger and neck line were also broken, which can continue the correction to the first support area after the pullback is completed.
Reverse head and shoulders pattern
🛑Resistance: 1.7580
⛳️Tp 1:1.5625 1.5137
⛳️ Tp2 : 1.4648
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PEPEUSDT IDEAUPDATE
Pepe Breaking Trend line Incase Of Successful Breakout Expecting Another 90-100% Bullish Wave In Coming Days .
COIN DETAILS
The live price of Pepe is $ 0.000001 per (PEPE / USD) with a current market cap of $ 561.09M USD. 24-hour trading volume is $ 225.69M USD. PEPE to USD price is updated in real-time.