Long SUISUI has a nice Cup and Handle pattern forming here with little volume resistance on the upside and strong volume support on the underside. Provided BTC continues it’s lead upward, alts should continue to move. Entry is 1.60 with an SL of 1.37. Target before re-evaluation will be that C&H neckline at around 1.97.
SUI
Anticipating Explosive Growth for SUIUSDT🔅SUIUSDT has showcased significant respect for the $0.51 demand zone, highlighting a crucial support level within the price action. Concurrently, a notable surge in volatility suggests an imminent explosive move in the near future. Analyzing the current price dynamics, particularly the bounce observed from the demand area coupled with the formation of higher highs (HHs) and higher lows (HLs) pattern, strengthens our expectation for a substantial growth surge.
🔅Our upside target aligns with the 78.6% Fibonacci retracement level, correlating with a previously established supply area. Achieving this target could result in a robust 50% gain. We've already shared our comprehensive trade setup in our channel, positioning ourselves to capitalize on this potential opportunity.
Crypto Heat Check: Anticipating a Cooling Off in the MarketThe crypto market's temperature seems to be rising, indicating a potential need for a healthy relief bounce. While the altseason may not have concluded, it's prudent to brace ourselves for a corrective move downward.
Taking a closer look at the SUIUSDT example, we can witness the market's respect for the supply area. Particularly noteworthy is today's occurrence—a clean bounce off the 61.8% Fibonacci resistance level, signaling a palpable downward pressure. This could potentially translate into a 15-20% price drop.
Don't get overexcited and be ready for any scenarios!
SUIUSDT Swift Recovery and Downtrend BreakUpon observing SUIUSDT's medium-term price action, a discernible supply/demand zone materializes in the vicinity of $1.44. While there was an initial attempt to breach this zone, the descent halted in proximity to the 88.6% Fibonacci support. Subsequently, SUI swiftly rebounded, reclaiming its position above the demand area.
The most recent price movements underscore a significant development—the breakthrough above the downtrend trendline. This could potentially signify a persistent bullish pressure.
Our expectation is for SUIUSDT to sustain its upward move, aiming for the nearest key resistance, characterized by a double Fibonacci level.
It's essential to note that only a decisive break below the demand area would cast doubt on this bullish scenario, prompting a reevaluation of the prevailing market dynamics.
SUI/USDT SHORT Signal – Catch The Trend Reversal!We're spotlighting a SHORT opportunity for SUI/USDT.
Trading Signal
Entries: 1.854 USDT & 1.955 USDT (Market Orders)
Stop Loss: 2.072 USDT to safeguard your trade
Profit Targets
Target 1: 1.762 USDT, adjust to breakeven
Target 2: 1.671 USDT
Target 3: 1.51 USDT
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End or Reborn? -SUISUI outperformed most tokens on the market in January 2024. With the high reward of LP on Cetus and the points competition between Scallop Lend and NAVI Protocol, a large amount of funds poured into SUI Network. However, after the points competitions ended, the TVL on SUI began to gradually decrease. Price gradually decrease. Today we use indicators to see whether the rise of SUI is over or restart.
From the TSB indicator, we can clearly see that before the main rise, the TSB indicator prompted a BUY signal, and the SUI rose again after touching the blue and red wavy areas many times during the callback process. Two days ago, the bears strengthened again, the price hit the bottom of the red zone, the TSB indicator became valid again, the bulls strengthened, and the price rebounded.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
🌟 SUI: Potential Shift in Structure! 📈💹📊 Analysis:
Interesting Level: SUI is at an interesting level, flipping its range high into support.
Short-Term Downtrend: A potential break from the short-term downtrend is anticipated.
Higher Low Formation: Aiming for a higher low formation after breaking previous highs at $1.70.
Entry Range: Consider laddering into a spot long between $1.4 and $1.7.
Take Profit Levels: Potential profits at $2 or $2.82.
Stop Loss: Set a stop loss under $1.34.
🌐 Note: Monitor SUI's price movement and adjust your strategy based on market conditions.
SUI/USDT Indicating Bounce and Back to upward tested on ATH!💎 SUI has recently showcased noteworthy market dynamics, encountering rejection at the resistance all-time high (ATH) level, resulting in a downward movement towards the demand area.
💎 Currently, SUI is exhibiting signs of a potential bounce from the demand area, indicating a possible upward trajectory. If this bounce proves valid, SUI may resume its upward movement and revisit the resistance ATH.
💎 However, if SUI breaks below the demand area, it could signify a bearish trend continuation, leading to further downward movement towards the support area around 0.98.
💎 The support area holds significant importance, as a bounce from this level is crucial for SUI's potential continuation of the upward movement.
💎 Failure to bounce and a subsequent breakdown below the support would further strengthen the bearish momentum, potentially resulting in continued downward movement for SUI.
SUI target 2.14h time frame
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SUI is getting support at 0.618 Fibonacci Projection which made of the wave from 0.36 to 1.7. Furthermore, SUI also retested the 0.382 Fibo Projection twice, that is measured by the new and smaller wave. These retest present great support for SUI at 1.36~1.5, and allow us to set up a comparable well trading plan.
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TP: 2.1~2.2
SL: 1.33
🔥SUI VS APT: This Pattern Works On ALL Fresh🔋 AltcoinsSui Network is the new altcoin on Binance which has an unlimited potential.
Now the price fell by -72% and consolidating inside green area. Additional bullish signal is a potential close above $0.45 key level.
The closest worthwhile target is at $1-1.25 (+170-200%). If BTC will close above 31-34k and continue its growth, SUI can easilly grow by 4-10-50x on a bull market.
💥$300M cap can easily turn into $1B or eve more how it was with Aptos.
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SUI FORMING HEAD AND SHOULDERS PATTERN CURRENTLY ON THE NECKLINEIn this post, we'll focus on the head and shoulders pattern formed on the price movement of $BINANCE:SUIUSDT. By the time of this writing, the price is currently hitting the neckline of the pattern. I'll also provide my charting for the coin as well as target areas in my full technical analysis on this idea thread below. Stay tuned and happy trading!
Alikze => SUI | Reverse head and shoulders patternAccording to the previous analysis, after reaching the final target and after the last attempt to break the resistance, a head and shoulders pattern was formed, whose dynamic trigger and neck line were also broken, which can continue the correction to the first support area after the pullback is completed.
Reverse head and shoulders pattern
🛑Resistance: 1.7580
⛳️Tp 1:1.5625 1.5137
⛳️ Tp2 : 1.4648
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SUI/USDT Bearish is confirmed. Keep an eye wait on the key area!💎 SUI has recently demonstrated notable market dynamics, breaking down from the rising wedge pattern, a bearish signal.
💎 This indicates a potential shift towards downward movement, with a retracement back to the demand area, previously a supply zone around $1.38.
💎 If SUI manages to bounce upon reaching the demand area, accompanied by bullish candle rejections, the price can resume its upward trajectory, probability aiming to break through the strong resistance area or reach its all-time high (ATH).
💎 However, if SUI fails to bounce or breaks down below the demand area, it suggests continued downward momentum, potentially leading the price towards the Bullish Order Block (OB) area or even lower levels. Traders should closely monitor price action around these critical levels to assess future market direction.
SUI SUPPORT BROKEN BEARISH BEARISH BEARISH !?!Rising wedge has failed it's support.
Correction to the downside seems like the most probably outcome.
I EXPECT LOWER PRICES IN THE SHORT-TERM! LONG-TERM STILL BULLISH!
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
For those beleiveing in the SUI coin If you believe in SUI coin I have a more degen play that could potentially give a better reward if SUI coin pumps.
We have a cup & handle forming on the weekly timeframe. I expect a little retracement before hugging the all-time time (disregarding the pump & dump at lunch) with a reacting to this zone and then breaking to the upside during the bull run.
If the bull is bigger than the previous one this could be a good gainer
Sui Very BullishWe were Squeezing back in November, We started having an outbreak in positive volume.
Once we crossed over the 50 period moving average we started a new trend. We had a golden cross and didn't have a pullback until Jan 15th where we started a correction and had a healthy touch on the .618 before continuing crushing the previous swing high finding it's way with some resistance around the 1.61 fib at 2.12
After 2.12 according to the fib extension we can look at price targets 3.20, 4.28, and 4.95 in the not so distant future.
SUI- Great but 2.03 is Resistance🌟 Bitcoin's Breakout Surge: Professor's Big Charts Revealed 🌟
📈 Live Analysis Incoming!
Prepare for an in-depth journey through Bitcoin's latest surge as we go live on TradingView. Get ready for a session packed with insights and the unveiling of the Professor's big chart. Join us: Live Stream: www.tradingview.com
🚀 The Breakout Chart Breakdown
Witness the bullish momentum as Bitcoin smashes past the $47,650 barrier. With my analysis, we're looking at a bull run targeting $59.9K,
69K
, and the ambitious $79K. 🎯 Stay bullish and watch as the charts unfold the story live!
💹 Historic Patterns: A Roadmap to $79K
Reflect on the last breakout at $31,100 and its staggering rise to $46,000. Our charts have been the compass leading us to these profitable winds. Don't miss out as we dissect the potential climb to $79K, live!
🔍 Last Year's Chart: The Trendline Triumph
Cast your minds back to January 2023, when Bitcoin was a humble $18,000. Fast forward, and we're witnessing a breakout reminiscent of December 2020's rally from $7,500 to $24,000. Could we be on the cusp of reaching new all-time highs? Let's explore together.
⏱️ Halving Cycles: This Time It's Different
Every cycle writes its own story, and this one's no exception. We're approaching the halving with a market more aware and ready to advance. Tune in as we analyze why we might see an all-time high sooner than the previous cycles.
🌐 Join the Live Stream for the Full Picture
There's much more to cover, from halving cycles to breakout patterns. Ensure you're part of the live session for a comprehensive analysis that could redefine your trading strategy.
Catch the full live session and secure your front-row seat to Bitcoin's exciting journey: Join the Live Stream: www.tradingview.com
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The FXPROFESSOR 💙
SUI is going parabolic, time to buy? Here is why yesSUI is bullish and currently going parabolic, as you can see on the chart. The price broke out of the ascending parallel channel, which was supposed to break down, not break up. This is a strong sign of strength and that the parabolic uptrend is starting. Time to buy? I think so. 300% profit in the next few weeks is not scifi. We also have a falling wedge pattern on the weekly chart, and by classic technical analysis, the profit target is at the top of the falling wedge, which is the previous ATH. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
What Makes Sui Unique?
Through features such as horizontal scaling, composability, sparse replay, and on-chain storage, Sui’s architecture solves pain points common to first generation blockchains.
Horizontal Scaling
On the Sui network, each group of transactions process in parallel, as opposed to the bottlenecking that occurs in some earlier blockchains due to any lack of distinction between the various objects, resources, accounts, and other components.
Composability
In Sui, unlike most other blockchains, one can directly pass an asset (such as an NFT), directly into a function argument. Sui’s object-centric approach also allows for more esoteric data structures, and the ability to store assets inside such data structures, or in an asset itself.
Sparse Replay
Naturally, a blockchain provides a ledger of every single transaction. For a Sui-specific example, game builders don’t need to track transactions interacting with unrelated dApps. Because querying on-chain data can be expensive, products on Sui will be able to follow the evolution of the objects in this game, without digging out the data from the Merkle tree.
On-Chain Storage
Because assets are directly stored as objects on the Sui blockchain, they are never subject to Merkle tree indexing. Storing assets directly on-chain is used in tandem with conventional means, such as IPFS, to scale the problem of on-chain storage, as it is much cheaper to directly update assets on-chain. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
CETUS dominanting the SUI spaceSUI is challenging for being apart of the big4 independent chains
Behind Ethereum, Solana and Binance Smart Chain is now SUI in terms of 24hr dex volume. While Arbitrum is still stronger as a layer 2 for Eth it is not an independent chain like the others.
This strength by SUI is interesting in and of itself but as CETUS is dominanting the SUI dex space volume wise.. it is also very interesting for CETUS
CETUS has jumped up to top10 dApps {volume wise}
CETUS' domination of the growing SUI space has now lead it to overtaking Lifinity, Balancer, Quickswap to name a few and challenging Curve to go from 7th biggest to 6th
This puts CETUS in a very strong fundamental position that looks to be maintaining and it should technically catch up to its relative undervalued current market cap