$SUIUSD is rocketing through Fib'sCOINBASE:SUIUSD could legitimately see $4 if we get another leg up to the 0.618 fib. This could be a huge rally.
SUIUSDC_3B5857.USD trade ideas
SUIUSD: Bullish breakout expected.Sui is neutral on its 1D technical outlook (RSI = 55.334, MACD = 0.025, ADX = 19.421) as it remains inside a Cup pattern. The Fibonacci Channel that has been dictating the price action since October 2023, shows that this is the start of the Bullish Wave to the next HH. A similar Cup was what priced the bottom in October and when the price crossed above it, extended to the 2.0 Fibonacci extension. That is our target (TP = 2.800).
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SUI- Great but 2.03 is Resistance🌟 Bitcoin's Breakout Surge: Professor's Big Charts Revealed 🌟
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SUI Rising Wedge At PlayBearish rising wedge pattern showing on the Daily chart for SUI. With multiple bearish divergence signaling on the RSI, I suspect a drop soon. Possibly around March this year.
Title: SUI/USDT: Bearish Signals Emerge - Ending Diagonal PatterTitle: SUI/USDT: Bearish Signals Emerge - Ending Diagonal Pattern and MACD Divergence
Overview:
SUI/USDT is currently displaying clear bearish signals, suggesting a potential reversal in the near term. Two key factors contribute to this bearish outlook - the formation of an ending diagonal pattern and the emergence of a bearish divergence on the MACD indicator.
Technical Analysis:
Ending Diagonal Pattern:
SUI/USDT is exhibiting the characteristics of an ending diagonal pattern, a reversal pattern typically signaling the end of an uptrend.
The converging trendlines of the diagonal suggest diminishing buying interest, with a higher likelihood of a bearish reversal.
MACD Bearish Divergence:
The MACD indicator is showing a bearish divergence, where the price is making higher highs, but the MACD is making lower highs.
This divergence implies a weakening bullish momentum, often preceding a potential trend reversal.
Trade Setup:
Cautious Approach: Given the bearish signals, a cautious stance is recommended for traders.
Short Entry: Consider shorting SUI/USDT on a confirmed breakdown from the ending diagonal pattern or a breach of a key support level.
Stop-Loss: Place a stop-loss above the recent swing high or a level that aligns with your risk tolerance.
Take Profit: Identify potential support zones or Fibonacci retracement levels as profit-taking targets.
Risk Management:
Always employ proper risk management strategies, ensuring that potential losses are controlled and do not exceed predetermined levels.
Stay informed about upcoming events or announcements that may impact SUI/USDT.
Cautionary Notes:
Keep a close eye on the price action and be prepared to adapt your strategy based on real-time market developments.
Be aware of potential false signals and monitor confirmatory factors alongside the technical analysis.
Conclusion:
The combination of the ending diagonal pattern and the MACD bearish divergence on SUI/USDT suggests a potential shift in market sentiment. Exercise caution and wait for confirmation before considering any trading positions. Always conduct thorough analysis and maintain a disciplined approach to risk management.
Chop SUIOof, what a gem across TA secret sauce metrics ,from the chart we see a possible power Chop suey movie about to start.(do or die again)..rinse and repeat that bish..Risk management...GL
TANK TANK TANK SUI!!STRONG BEARISH DIVERGENCE!!!!
things like this make me excited
strong bearish divergence
Bearish rising wedge: I believe it's a bearish sign wedge because of the bearish divergence and not a bullish pennant pattern.
Also a vague head and shoulders pattern forming
We shall see!
Sui (SUIUSD)Long #SUI from $0.580, currently at entry. Target set up to $0.98, with a stop loss at $0.54. Monitoring market movements for potential developments. Stay tuned for updates! 📊💹 #TradingUpdate #MarketAnalysis 🚀✨
SUIUSD to start uptrend!Volume started climbing on SUIUSD when it increased in price and volume went down as we had the last drops. So volume is supporting an uptrend as of now and the recent corrections can be seen as shakeouts.
Now let’s see if we can find clues that underline this idea. On 2 hour time frame we can see an inversed head and shoulders pattern building. We just finished building the right shoulder and if this analysis is correct, price of SUIUSD should only climb from here at around $0.633 to a minimum of $0.68 and then reassess. Probably it will then form a higher low that is higher than current prices and continue increasing. I‘ll have my stoploss around $0.59, if we stay around that price or lower for some time.
Recently I got an entry just under $0.62.
For me it’s not a scalp but a long term entry that I want to find. If market gives lower prices I‘ll take them at certain points, that I need to analyse later, if it drops from here. Right now I see more bullish indication as just described.
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.
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#SUI nice move to upper Bollinger band incoming...quite possible IMHO
Nice structure of a higher low to set in place a positive move
I like how the Bands are going sideways ... volatility could be inbound.
New blockchains need to be far better than #Ethereum for users to migrate over
#ETH does around 20-24 tps
#Arbritrum does 120 tps and is 10X cheaper
SUI has peaked at 1400
Sui Scam or No?We have a clear structure. Trade inside the lines with a stop 2% above/below.
When it breakeouts, enter trade depending where it broke. The 5-8% range inside the structure is good for grid spot.
Target Hited Perfectly Good profit gained from sui trade. More trades are incoming.
Are you got the profit?
If yes support me🙂
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).
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Have a seat Frog, take a lead off. It's SUI's turn. A bullish flag pattern has formed and everything is set for a good jump
New Kid On The Block...A new L1 enters the market - expect big numbers mid-long term here - this and Aptos will probably be the poster childs for this bull run in terms of hype.
