SUNUSDT is fighting with the down slanted resistance and if penetrated with decent volume, then it is a breakout. It has finished wave cycle 1 and hopefully retracement has reached its final point where C is highlighted. 0.0050 cancels the whole forecast.
Note that, it is only for educational purposes, it is not a recommendation to buy or sell. I only present a pure technical analysis using Elliott Wave Theory and trend-lines. However, I do not have the crypto market tone and, my analysis lacks fundamentals as I don't follow the news regarding the coin.
Note that, it is only for educational purposes, it is not a recommendation to buy or sell. I only present a pure technical analysis using Elliott Wave Theory and trend-lines. However, I do not have the crypto market tone and, my analysis lacks fundamentals as I don't follow the news regarding the coin.
Note
below the stop-loss but not time to short. Wait for a daily close or 24 hours after then we can update.Note
Great accumulation opportunity! it hit the demand zone.
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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.