Quick post - SUKU is at the bottom of a daily chart falling wedge. OBV has been rising throughout its entire drop since first being listed on Coinbase.
A move from here towards top of wedge could easily do 65-75%, and a falling wedge breakout could lead to significantly more ~260-280%. much more if we see continuation following if such a move were to occur.
If SUKU has double bottomed here, we could see potential growth from the area of 9 cents up to 2.3 - 2.7 dollars by winter of this year or early 2023.
Trend-based fibs, measured from opening day -> bottom -> first top give us a golden pocket in the exact same target area as conservative and more aggressive measured double bottom targets, for confluence.
There are 4 important S/R levels on $Suku chart to pay attention.
A valid breakdown of $0.09 may provoke a 32% fall, as the next crucial support is at $0.06.
That'll be a disaster.
In a possible relief rally #Suku may reach prices as high as $0.20.
Whales/elites will not miss any opportunities into making money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! ;)
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
SUKU looks like it's ready for an absolute rocket mission to mars. It's been oversold for a while now and seems to have broken out. Now it is retesting the trendline it's been following for a long time!
Now is the perfect time to buy, don't miss the rocket ship.