SUI / TetherUSShort
SUI Ending Diagonal
This token had a nice rise over the last 6 months, but technicals are not looking good right now.
We have:
- Ending diagonal pattern for blue 5 / black 5 / gray 3.
- Bearish RSI divergence
I don't see SUI as a good opportunity right now (unless you are a holder), and I'll wait for a corrective pattern (gray 4) before looking for new long trades.
Note
Ascending channel (ending diagonal) was broken, and we're now in gray 4 correction.
We already have the 38.2% pullback, but I'd prefer to see a test of 3.00 / 50% pullback for a better risk/reward trade.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
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.