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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Suiusdtperp
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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SUI: key levels to watchSui Network (SUI) has a strongly bullish long-term outlook. It has performed remarkably well since September, rallying nearly 500% in under four months. Bitcoin’s (BTC) 4.8% price dip in the past 24 hours pulled Sui prices down by 8.6%.
The slight dip in buying volume in recent days gave a clue that Sui bulls could be biding their time before they’re ready to drive the next impulse move higher.
Sui’s price action has been strongly bullish on the daily timeframe, forming higher highs and higher lows since late October. The uptrend began in September when local resistance at $0.9-$1 was broken and retested as support.
Over the past month, the average trading volume has trended slightly downward, indicating weakened buying pressure. This is evident on the A/D indicator, which has slowed down, especially over the past week.
The Ichimoku Cloud remains bullish, highlighting strong support at $3.2 and the $4.1 region. The cloud is thick, showing strong upward momentum over the past month.
At press time, the 23.6% extension level serves as short-term support. While volatility is possible, the next target is more likely to be $5.38 than $3.5 or below.
The Fibonacci extension level at $4.5 served as resistance earlier this month and has been flipped to a demand zone. The 2-week look back period showed a cluster of liquidation levels around $4.3, and another liquidity pocket at $5.
The price has also ranged between these two levels over the past week, explaining the liquidity build-up. The Bitcoin price dip and the consolidation phase for SUI meant that this range formation could continue for a few more days.
#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#SUI
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of
1.89
Entry price 1.89
First target 2.00
Second target 2.08
Third target 2.14
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. 🚫
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Follow along and 📚 learn 📚 from our analyses! 📊💡"
SUI hits a new ATH. Again. With a strong positive breakout from its bullish flag pattern in the daily time frame, the Sui token has achieved a new all-time high of $4.47 with a trading volume of $4.58 billion, a change of +78.77%. This indicates increased bullish sentiment for the altcoin.
The Moving Average Convergence Divergence (MACD) displays a rising green histogram with its averages recording a bullish convergence in the daily time frame. This highlights an increase in the buying sentiment for this altcoin in the crypto market.
On the other hand, the SMA indicator constantly acts as a support to the SUI price chart. Reportedly, this indicates a strong bullish price outlook for the Sui token in the upcoming time.
Maintaining the price above its support level of $4 could set the stage for this altcoin to head toward its $4.75 mark. Moreover, if the bullish sentiment intensifies, this could push the price toward its higher price target of $5.5 this month.
However, if a bearish reversal occurs, the Sui crypto price may retest its support level of $4.00. Furthermore, if the bearish momentum intensifies, this could pull the price of this altcoin toward its lower support trendline of $3.250.
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! 🤑💪
$SUI Breakout: Bullish Rally in Sight!CRYPTOCAP:SUI Breakout of this symmetrical triangle pattern, confirming bullish momentum!
📈 Entry: Accumulate above $3.80
🎯 Targets:
Midterm: $5.00 (30% upside)
Long-term: $6.25 (60% upside)
🛡️ Stop-loss: $3.45
Available for both spot and futures trading. A confirmed breakout indicates the potential for a strong rally ahead. Use proper risk management!
ABOUT CRYPTOCAP:SUI
CRYPTOCAP:SUI is a next-gen blockchain designed for high-speed transactions and scalability, catering to decentralized applications and new-age financial systems.
About SUI:
Sui is a next-generation blockchain designed for high-speed transactions and scalability, catering to decentralized applications and modern financial systems.
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk; conduct your own research (DYOR) and consult with a financial advisor before making investment decisions.
#Crypto #Altcoins #SUI
#SUI Cup with handle📊#SUI Cup with handle 📈
🧠From a structural point of view, we have built a bullish cup with handle near the support area, so we may continue to rise according to this structure. The red area is the target area of the long structure in different cycles, so we need to be wary of the selling pressure here.
Let's see👀
🤜If you like my analysis, please like💖 and share💬 BINANCE:SUIUSDT
#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
SUI price need correctionCRYPTOCAP:SUI price has fulfilled all of its goals and even more.
Now, according to the canons of TA, the OKX:SUIUSDT price should correct and "test" the liquidity zone of $1.90-2.30.
And from there, the pair could continue to grow and update the ATH.
The critical level for the trend to continue is $1.60
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#SUI Rising Wedge 📊#SUI Rising Wedge 📉
🧠From a structural point of view, we broke through the staged resistance zone, and the resistance zone turned into a support zone.
➡️From a graphical point of view, a rising wedge was formed near the resistance line, and we generally fell according to this model.
⚠️However, the overall trend belongs to a bullish trend, so shorting is a counter-trend transaction, which requires some conservativeness. After the callback occurs, try to focus on long transactions
Let's see👀
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BINANCE:SUIUSDT
SUIUSDT - Respectable!We analyzed it previously and predicted that it would fall at the level of 1.59 when it was at the previous ATH (2$) and it touched our target, respectably!!.
then we benefit of 82% profit untill now
u should check it
. This correction that we predicted was necessary to complete our journey to $5
I see now we are going higher
$5 is a definite target and I will update when I hit it🎯
Best regardes Ceciliones🎯
The Banana Zone Series - SUI Buy the Dip Levels (6 of 10)Alt-season is here. BTC breakout has been confirmed. If you missed positioning for the next level of exponential moves, what are some of the buy the dip zones while still have time for the bigger moves into the banana zone.
We continue the series with SUI.
As you can see in my analysis, pull backs to $2.57 and below is my new accumulation zone. I will initiate some leveraged longs for new trades in preparation for the moves to the banana zone in the alt season.
For more aggressive traders, $2.79 and below can be the trigger longs with tight stops.
Not a financial advice so DYOR.
#SUI reaches the stage resistance zone📊#SUI reaches the stage resistance zone ✔️
🧠From a structural point of view, after we break through the neckline resistance zone at the daily level, the neckline resistance zone turns into a support zone, and a new bullish structure is established. We have now reached the stage resistance zone, and we need to be alert to the occurrence of a pullback.
➡️The overall trend belongs to a bullish trend, so no matter how it rises, it is reasonable. The best transaction is to go long after the pullback. If the pullback does happen, then the support zone that can be paid attention to is the neckline support zone
Let's see👀
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💕 Follow me so you don't miss out on any signals and analyze 💯
BINANCE:SUIUSDT
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 1.87
Entry price 1.91
First target 2.00
Second target 2.05
Third target 2.14
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.95
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 2.03
First target 2.13
Second target 2.23
Third target 2.35
#SUI/USDT
#SUI
The price is moving in a descending channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 1.70
Entry price 1.79
First target 1.88
Second target 2.03
Third target 2.16