Sui Network is the new altcoin on Binance which has an unlimited potential. Now the price fell by -72% and consolidating inside green area. Additional bullish signal is a potential close above $0.45 key level. The closest worthwhile target is at $1-1.25 (+170-200%). If BTC will close above 31-34k and continue its growth, SUI can easilly grow by 4-10-50x on a...
BINANCE:SUIUSDT This idea has a medium-term profit target. All targets are indicated on the graph. - Risk 1% on deposit - R/R 1/2 P.S (This is not an investment recommendation, this is my personal opinion.)
In this post, we'll focus on the head and shoulders pattern formed on the price movement of $BINANCE:SUIUSDT. By the time of this writing, the price is currently hitting the neckline of the pattern. I'll also provide my charting for the coin as well as target areas in my full technical analysis on this idea thread below. Stay tuned and happy trading!
According to the previous analysis, after reaching the final target and after the last attempt to break the resistance, a head and shoulders pattern was formed, whose dynamic trigger and neck line were also broken, which can continue the correction to the first support area after the pullback is completed. Reverse head and shoulders pattern 🛑Resistance:...
💎 SUI has recently demonstrated notable market dynamics, breaking down from the rising wedge pattern, a bearish signal. 💎 This indicates a potential shift towards downward movement, with a retracement back to the demand area, previously a supply zone around $1.38. 💎 If SUI manages to bounce upon reaching the demand area, accompanied by bullish candle...
Rising wedge has failed it's support. Correction to the downside seems like the most probably outcome. I EXPECT LOWER PRICES IN THE SHORT-TERM! LONG-TERM STILL BULLISH! Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit...
If you believe in SUI coin I have a more degen play that could potentially give a better reward if SUI coin pumps. We have a cup & handle forming on the weekly timeframe. I expect a little retracement before hugging the all-time time (disregarding the pump & dump at lunch) with a reacting to this zone and then breaking to the upside during the bull run. If the...
We were Squeezing back in November, We started having an outbreak in positive volume. Once we crossed over the 50 period moving average we started a new trend. We had a golden cross and didn't have a pullback until Jan 15th where we started a correction and had a healthy touch on the .618 before continuing crushing the previous swing high finding it's way with...
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Bearish 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.
SUI is bullish and currently going parabolic, as you can see on the chart. The price broke out of the ascending parallel channel, which was supposed to break down, not break up. This is a strong sign of strength and that the parabolic uptrend is starting. Time to buy? I think so. 300% profit in the next few weeks is not scifi. We also have a falling wedge pattern...
SUI is challenging for being apart of the big4 independent chains Behind Ethereum, Solana and Binance Smart Chain is now SUI in terms of 24hr dex volume. While Arbitrum is still stronger as a layer 2 for Eth it is not an independent chain like the others. This strength by SUI is interesting in and of itself but as CETUS is dominanting the SUI dex space volume...
BINANCE:SUIUSDT I have identified the formation target, entry level, and stop level on the chart. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
In time H4, it completed a correction cycle and returned to the indicated support. If the red box breaks the first one, you can enter the buy position. Otherwise, with a negative reaction in the red box, you can enter the reverse position until the bottom of the upward movement.
Sui is a nice coin with its exciting rise. I think it will bounce off both the SMA20 and EMA20 on the 4h chart and test the Fibonacci levels it could not rent before.
SUI completed a beautiful cup and handle form and pulled back to the key support level. By the time it's forming a descending channel and ready to enter with a long position in case of a channel breakout event.
SUI is currently trading at all time high 1.5. We can plan for long after a strong bullish pattern.