SuiLong
SUIUSD starting rally for a $12 Cycle Top.
Sui / SUIUSD is reversing this week into green territory and if the 1week candle closes in gains, it will be a strong bullish signal as it would have rebounded just over the 1week MA50.
The pattern is a Channel Up for this Cycle, pushing the price slowly but steadily upwards.
Like the April 8th 2024 pull back, this week's correction almost touched the 0.5 Fibonacci retracement level, posting a symmetric 1week RSI pattern.
As long as the 1week MA50 continues to hold, we expect the new bullish wave of the Channel Up to start.
Since the December 30th high was on the 1.5 Fib extension, we believe the next one, which will most likely be the Cycle's Top, will also be on that level.
Buy and target 12.000.
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The pattern is a Channel Up for this Cycle, pushing the price slowly but steadily upwards.
Like the April 8th 2024 pull back, this week's correction almost touched the 0.5 Fibonacci retracement level, posting a symmetric 1week RSI pattern.
As long as the 1week MA50 continues to hold, we expect the new bullish wave of the Channel Up to start.
Since the December 30th high was on the 1.5 Fib extension, we believe the next one, which will most likely be the Cycle's Top, will also be on that level.
Buy and target 12.000.
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.