SUI appears to have completed a local wave (2) at the .618 Fibonacci retracement and a larger degree wave 2 at the alt-coin golden pocket between .618-.782
Triple resistance looms ahead of the daily 200EMA, major resistance High Volume Node and descending resistance trend line.
A breakthrough and close above will be a bullish sign with an initial target of the December swing high range $4.48
Analysis is invalidated below the $2.5 swing low, locking in ABC correction instead.
The bullish case is in jeopardy below $2.29 swing low.
Safe trading
Triple resistance looms ahead of the daily 200EMA, major resistance High Volume Node and descending resistance trend line.
A breakthrough and close above will be a bullish sign with an initial target of the December swing high range $4.48
Analysis is invalidated below the $2.5 swing low, locking in ABC correction instead.
The bullish case is in jeopardy below $2.29 swing low.
Safe trading
PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.