SUSD 4H Chart – Easy Trend with RSI Signal!SUSD on the 4H chart is in a steady uptrend within a channel since February. After a drop to the 0.285 level, it’s now at 0.382, sitting near the channel’s midline. RSI is at 54.26, showing neutral momentum—room to move either way. The yellow line suggests a potential push to the channel top at 1.0000000 if the trend continues. On the downside, 0.3500000 is key support to watch.
SUSD trade ideas
S/USD to the Moon1. Indicators Present:
Ichimoku Cloud: Currently, the price is below the cloud, which generally indicates bearish conditions, but the cloud ahead seems thin, suggesting a potential breakout.
RSI (Relative Strength Index): The RSI is around 45.81, signaling neutral momentum but with a bullish divergence forming (higher lows in RSI while price was making lower lows).
MACD (Moving Average Convergence Divergence): The MACD histogram shows weakening bearish momentum with a potential crossover signal brewing.
2. Chart Patterns and Projections:
The orange ABCDE structure represents a potential Elliott Wave triangle pattern, suggesting consolidation before a breakout.
The projected breakout area (E to upwards arrow) suggests a bullish resolution with targets at:
1.255 USD (1.0 Fibonacci extension)
1.477 USD (1.618 Fibonacci extension)
The long-term projection goes even higher toward the 2.0 USD psychological level.
3. Fib Retracement/Extension:
There is a Fibonacci extension measured with the 1.272 at 1.24 USD and 1.618 at 1.47 USD, aligning with the breakout targets.
4. Volume:
Volume has been tapering off, typical in triangle formations before a breakout.
5. Overall Bias:
The chart suggests a bullish bias in the medium term after the triangle pattern completes.
Confirmation would be a breakout above the Ichimoku cloud and the triangle resistance (blue horizontal line).
Bullish Breakout for Sonic – Ideal Entry Levels to Watch!SET:SONIC (previously FTM) has broken above $0.733, confirming bullish momentum. However, a short-term pullback toward $0.645 - $0.618 could offer a better entry before the next move higher.
If support holds, the price may target $0.85 - $1.00, while a drop below $0.55 could weaken the bullish outlook. Patience is key for an optimal risk-reward setup.