Super has been powering through the uptrend since the beginning of September. Today, the chart indicates strong buying volume that strives to break resistance to the next resistance level. There is a red candle stick with a long wick and shorter body and a green candlestick with a long wick and longer body, indicating future bullish momentum. Indicators show lots of buying power, which will help with the upward trend for a future breakout.
Support - $1.24
Testing Resistance/Possible Support - $1.35
Resistance - $1.42
Fear & Greed Index (Binance) - 65 Greed
Support - $1.24
Testing Resistance/Possible Support - $1.35
Resistance - $1.42
Fear & Greed Index (Binance) - 65 Greed
Trade active
Since my last post, Super has been consolidating. It has faced rejection from resistance, continuing sideways momentum, but according to the RSI indicator, it should bounce to the upside, hopefully breaking resistance levels. This should position Super to find new highs and lows above resistance. I see Super testing resistance levels a couple more times before a continuation in price discovery above resistance.Trade closed: target reached
Super is currently in a consolidation phase. I am uncertain when it will rebound, but it is important to remember that gaming narratives have yet to fully unfold.Support - $1.02
Resistance - $1.60
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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.