SUIUSDT.P trade ideas
SUI scalp playSUI is up by almost 90% since the bottom. It's vastly outperforming all other L1s
It's currently retesting the first level of resistance
No need to rush, we can wait for a slight cooldown or pullback
There's a chance we can shoot up to 0.96 to $1 area if we can hold 0.76 to 0.74 support
SUI ANALYSIS (4H)The symbol SUI has formed a bullish iCH after its many drops.
We have a large liquidity pool on the chart, we expect this pool to sweep and then the price will reject downwards after hitting Supply.
We are looking for sell/short positions in the supply range.
The targets are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SUIUSDT 1DSUI ~ 1D
#SUI Successfully got out of this downhill zone. and is now getting resistance in this zone.
it would be very bullish if COINBASE:SUIUSD Continues to push the price and manages to break out of this local resistance.
SUIUSDT(SUI) Updated till 09-08-24SUIUSDT(SUI) Daily timeframe range. a nice retrace from its local low. retraced right at 0.8621 breaking it clean will open its way till 1.1489. but that depends on volume if it stays same. staying above 0.5812 gives it more chances of push.
Buy Trade Idea for SUI Capitalizing on Innovative Blockchain Description
Sui (SUI) is making waves in the cryptocurrency space due to its groundbreaking approach to blockchain technology. The following key fundamentals make SUI a promising investment opportunity:
Scalable and Fast Transactions: Sui utilizes a highly efficient consensus mechanism, allowing for fast and scalable transactions, which positions it as a strong contender for high-demand blockchain applications.
Low Fees: The network's architecture is designed to minimize transaction costs, offering a cost-effective solution for both developers and users.
Strong Ecosystem: Sui is rapidly building an ecosystem of decentralized applications (dApps) and services, supported by a robust community of developers and strategic partnerships.
Innovative Technology: With its focus on overcoming traditional blockchain limitations, Sui is pioneering new methods to enhance security, speed, and scalability, making it a forward-thinking choice for investors.
These strong fundamentals suggest that SUI is well-positioned for future growth, making it an appealing option for those considering a buy trade.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
$SUI WARNING: pump then dumpNYSE:SUI is experiencing a significant pump due to BlackRock's announcement of a specific NYSE:SUI trust fund. However, on August 3rd (and on the 3rd of every month until January 2025), NYSE:SUI will undergo a large token unlock for their Series B and C investors.
The concern is that there was no immediate impact from this token unlock, suggesting that the VCs may be waiting for retail investors to FOMO into NYSE:SUI following the BlackRock announcement before they dump their coins.
Once the FOMO cools down, it's likely that the VCs will sell, which could cause the price to drop.
NYSE:SUI is currently in a downtrend, forming a falling wedge pattern due to the monthly token unlocks that began in July 2024. The upcoming inflation will be difficult for the market to absorb. The token unlocks will slow down in January 2025.
DYOR
SUIUSDT.PSUIUSDT.P is in bullish trend.
POtentially printing HH and HL.
No sign of reversal from here.
we wait and watch for the breakout of last HH.
#SUI/USDT is testing the Diagonal Trendline in 4-Hour TF!#SUI/USDT is testing the Diagonal Trendline in 4-Hour TF!
NYSE:SUI needs to clear the diagonal trendline to make it bullish. #SUIUSDT's local resistance level is PWH $0.7842, and the local support level is PML $0.574.
#SUI 1D chart;NYSE:SUI 1D chart;
The first major obstacle for #SUI, which has started to recover after the recent decline with Grayscale's decision to invest, will be the falling trend line (red).
The bullish pattern is active as long as it does not fall below the stop level
The pattern will be completed after a rise of approximately 280%.
Im not saying Sui are going to the moon, but solana didIm Not saying Sui are going to the moon, but i have seen this struktur play out before. The structure Sui have right now is the same structure and the same fall in magnitude with a 79% fall before going on a major run, Solana had all the this back in 2020 before surging upp 1000%.
We also see BTC dominance at a historical top, and it maybe on the brink to a break down.
#SUI/USDT#SUI
The price is moving within a descending channel pattern on the 1-hour frame and is expected to break it upwards after it has adhered to it significantly
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 0.4600
We have a trend to stabilize above the moving average 100
Entry price 0.4739
First target 0.5059
Second target 0.5496
Third target 0.5964
SUI Possible Bear flag with Confirm in lower timeframe
Just an idea Not recommending investment
if Bear flag Confirm
Maybe we'll meet downstairs again.
$SUI as long as todays low hold's
we good daily stoch bottoming
btc pairs in green is it time for btc and alts to fly together?
if btc dumps guess not but long for now...
SUI ANALYSIS (Bearish)Based on the timing of the waves, the SUI appears to be forming a large-scale pattern.
We had two bearish and bullish waves in which time similarity can be seen. The first wave was 167 days and the second wave was 189 days.
The first wave was a symmetrical one and the second wave seemed to be a double wave.
By maintaining the red range, it can form a third wave, which is a bearish wave. The time of this wave can be between 120-190 days.
The targets are clear on the chart.
Closing a daily candlestick above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$SUI in a technical downtrend. Bottom and Buy zone in the chart.NYSE:SUI is a new blockchain with a very good project, extensive ecosystem, and strong venture capitals. It suffers from monthly token unlocks and a lot of inflation. However, it has the potential to follow in the steps of Solana and could be a good long-term investment.
What does the chart say?
We had an M pattern formation that turned into a downtrend channel. Because the coin is new and experienced phenomenal growth, there is not much resistance until the bottom of the latest uptrend.
The identified bottom is between 0.35 and 0.52, which is our buy zone. Buying here guarantees some good profit when CRYPTOCAP:BTC recovers and pumps to its all-time high.
I would not buy NYSE:SUI outside of this zone, as it would be too risky. I do not think it will reverse until it enters that buy zone.
Always do your own research (DYOR). This is just chart analysis and commentary, not financial advice. Crypto is highly volatile, and any idea can be invalidated by external factors.
SUIUSDT SHORTChannel Down identified at Aug 1, 15:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.6296 within the next 23 hours.
SUIUSDT Long Signal📩 Pair: SUIUSDT
📈 Direction: Long
💯 Leverage: Cross 5X - 10X - 20X
📊 Entry 1: $0.75
📊 Entry 2 (DCA): $0.65
✅ Target 1: $0.88
✅ Target 2: $1.10
✅ Target 3: $1.36
⛔️ Stop Loss: $0.60
Entry Strategy:
First entry at $0.75
If the price drops, make an additional entry (DCA) at $0.65 to lower the average cost of the investment.
However, if SUI does not recover from $0.65, attention will shift to the next crucial support level in the lower demand zone at $0.60. The probability of a strong rebound here is quite high, making this level critical to watch. On the other hand, if SUI continues to decline, bears may gain control, leading to a bearish continuation, marking a significant shift in market sentiment.
Doshicoshi – Precise trading signals and top analyses to maximize your gains. 🚀💹 Get in action now!
SUI close to trend reversal - LongI think SUI is getting cheap.
Maybe SUI need some more days of "accumulation", but I think we are close to set a higher low, and confirm the trend break.
I play SUI as a spot trade.
With 280% to all time high, I think there are a lot of upside potential.
This could be an entry to hold for a couple of months, next leg up could be massive, according to fib-levels 4-5X.
SUI/USDT Technical Analysis in a 2-Day TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
The current technical setup on NYSE:SUI indicates a bullish trend with a potential target of $2.50. A breakout above the 35 EMA is likely to confirm a bullish trend on #SUI.
The price is currently holding the support trendline at $0.663, and it must continue to hold to maintain the rally.
Key levels:
- Support/Entry: $0.578 to $0.663.
- Primary Resistance: 35 EMA at $0.916.
- Target: $2.5 (270%).
- Invalidation Point: A close below $5.784.
DYOR, NFA.
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#PEACE
SUI Trade Setup Entry: $0.76
TP1: $1.10 TP2: $1.43 TP3: $1.70 TP4: $2.00
Stop Loss: Daily close below $0.60
SUIUSDT.1DAs I analyze the daily chart of SUI/USDT, several key patterns and levels stand out to me.
Resistance and Support Levels
Resistance Levels:
R1: The first significant resistance level is around $1.0031. This level aligns with previous highs and acts as a potential target if the bullish momentum continues.
R2: The next major resistance is around $1.1984, which marks the highest point observed on this chart. This level will likely serve as a strong barrier to further upward movement.
Support Levels:
S1: The initial support level is at $0.7641, where the price has shown a tendency to bounce back after recent declines.
S2: A more robust support level is at $0.5728. If the price falls below this, it might indicate a more prolonged bearish phase.
Technical Indicators
Relative Strength Index (RSI):
The RSI is currently at 48.71, which is relatively neutral. This indicates that the market is neither overbought nor oversold at the moment. A move above 70 would suggest overbought conditions, while a drop below 30 would indicate oversold conditions.
Moving Average Convergence Divergence (MACD):
The MACD line is slightly above the signal line, with values of 0.0191 and -0.0192, respectively. This suggests a potential bullish crossover, which could lead to upward price momentum if confirmed by further movement.
Trend and Pattern Analysis
I have observed a harmonic pattern forming, which suggests a potential reversal zone around the current price levels. The completion of this pattern indicates that the price might head towards the resistance levels mentioned above.
The price has recently broken above a downward trendline, which adds to the bullish sentiment. If this breakout holds, it could pave the way for a move towards R1 and possibly R2.
Market Sentiment and Predictions
Given the current setup, my expectation is for SUI/USDT to test the resistance at $1.0031 in the short term. A successful break above this level could see the price aiming for the $1.1984 resistance.
Conversely, if the price fails to maintain its current levels, it might retest the support at $0.7641. A break below this could drive the price down towards $0.5728.
Conclusion
In conclusion, while the overall sentiment appears cautiously bullish, it is crucial to monitor the key support and resistance levels. The RSI and MACD indicators support a potential upward move, but confirmation from price action is essential. I will keep a close watch on these levels and adjust my strategy accordingly.
