SUI/USDT Bullish Divergence on Daily Chart , Bullish Momentum ?? Hello Paradisers, spotlight on this token!
💎SUI is showcasing intriguing price actions, having recently swept a liquidity zone, hinting at a potential surge towards the nearby supply at the 0.57 mark. For a confirmed bullish trajectory, SUI needs to firmly establish itself above this level.
💎Adding to the bullish narrative is the Bullish Divergence observed on the Daily RSI. Such divergences in larger timeframes often indicate substantial accumulation, suggesting a potential robust upward push. The next target could be the resistance trendline where another supply zone awaits.
💎However, this bullish outlook might be negated if SUI breaches the previous low.
SUI
Sui and compared it to AptosomHello, friends! 🌟
Remember, not long ago, I did a review on Sui and compared it to Aptosom, shared my thoughts on their fractal similarities. It turns out that the price of Sui is now approaching the point where I planned to make my investments. 📈
I've decided to wait for the final impulse breakthrough of the price to the level of 0.45 (or possibly even lower) before making a purchase. This is an important moment for me, and I'm prepared to take control of it.
I already have limit orders in place, and they are waiting for their time. I want to emphasize that I'm making this decision with full responsibility and considering all possible risks.
I'll keep you updated on the developments and will definitely share the news when the expected breakthrough occurs. Thank you for your support and partnership! 📊📈
SUI Scalp Long Setup: LetsGo Remember that scalp trades require quick decision-making and close monitoring of price movements. Always practice good risk management and adjust your position size accordingly. Best of luck with your NYSE:SUI scalp long setup! 🚀📊💰 #ScalpTrade #ShortTermTrading #RiskManagement #QuickDecisions
SUI is in the purchase zone!!!As always after listing, rolled to the bottom!
Well! at the bottom.
In the purchase zone 0.5656-0.4888
What should I do?
It's right to go BY!!! :) )))))
In short, I don't know what kind of project? but we worked out everything technically!
Formed in X3? what time will we grow up ? while I see 1.12-X2
Volume price 0.6866
Who needs to TAKE it!!!
📈 Keep an eye on $SUI it might be gearing - SpotBuy only📈 Keep an eye on SUIUSDT - it might be gearing up for a breakout soon! 🚀 The signs are t here, and the anticipation is building.
1.📊 Detected RSI divergence on both the 4-hour (4TF) and daily (DTF) charts! 🚀 This could be
a significant sign of a potential trend reversal or breakout.
2.Observing EQL across multiple timeframes analysis! 🕐🚀 The bigger picture becomes clearer
when we examine different timeframes.
Stay vigilant and ready to seize the opportunity! 📊🔥 #SUI #BreakoutAlert
#TradingOpportunity #StayTuned
SUI SUIUSDT Price Analysis (4h)Greetings, fellow traders!
Let's dive into analysis of SUIUSDT's recent price action since our last update 👉 The journey of price movement has been intriguing, revealing essential patterns that provide us with valuable insights.
After an impressive breakout from a substantial Triangle pattern, SUIUSDT embarked on a downward trajectory, carving a distinct Falling Wedge shape. This transition didn't just showcase price movement; it signaled a shift in market sentiment, setting the stage for potential opportunities.
What adds an intriguing twist to this narrative is the emergence of a Bullish Divergence signal on the Relative Strength Index (RSI) . This phenomenon is akin to a beacon of hope, suggesting that despite the price descending, there's an underlying strength that may soon exert itself.
Bullish Divergence occurs when the price is in a downtrend, but the RSI, a key indicator of momentum, moves in the opposite direction, showing a potential loss of downward momentum. This often anticipates a potential trend reversal, acting as a precursor to an upward move.
Now, the plot thickens as we witness the formation of a diminutive Rising Wedge pattern. This pattern, characterized by converging trendlines slanted upwards, can be a harbinger of a future price shift. As we know, patterns in trading are like the breadcrumbs left by market participants, providing us with a potential roadmap.
However, while Rising Wedges can hint at an upward breakout, they often precede a retracement. This leads us to a forecast for the next few days: a modest retracement in price, possibly aiming to touch the Support Target of $0.56. This level could serve as a temporary resting place before the price springs back to life.
Our gaze is then set on a target resistance of $0.71. This price zone has the potential to act as a significant barrier that the price may need to breach to continue its ascent. A successful breach here could be indicative of a more substantial upward movement.
In this dynamic dance of patterns and signals, it's important to remember that trading is an art as well as a science. While we delve into the intricacies of price action and patterns, it's crucial to maintain a vigilant eye on risk management. The journey may be exciting, but it's essential to navigate it with prudence.
As we anticipate the next chapters in SUIUSDT's story, let's continue to explore, learn, and adapt to the ever-changing landscape of the financial markets. Happy trading, dear comrades! 📈🚀
SUI SUIUSDT Price Analysis (4h)🌟 Hello, dear traders and investors! 📊💹
Let's delve into our analysis of SUI price action!
Two days ago, SUI made a remarkable breakout from a Triangle shape. This Triangle pattern was accentuated by two Harmonic bearish patterns, adding extra strength to the formation. 🐻📈 However, the price has yet to reach its target, leaving us eagerly anticipating the next move.
🔍 Currently, we are closely monitoring SUI for a potential downward movement towards the target zone, estimated at $0.55-0.50. 🎯 The convergence of the Triangle breakout and Harmonic bearish patterns could act as a powerful catalyst for the price to head towards the anticipated zone.
As we navigate through this exciting phase, let's exercise patience and caution, applying sound risk management strategies to guide our trading decisions.
Wishing you a successful and rewarding trading journey! 🚀📈✨
SUIUSD Above the 1day MA50. Strong Buy.SUIUSD crossed above its 1day MA50 for the first time in its short history.
That is a strong technical bullish breakout signal.
Buy and target the 0.382 Fibonacci level at 0.95500, which is also near a potential Channel Up pattern that may emerge.
The 1day RSI is under 60.00, indicating that this move has significant upside ahead.
Further buying can be performed only after a 1day candle closes over the 0.5 Fibonacci, in which case you can target the 0.618 Fibonacci at 1.23450.
Follow us, like the idea and leave a comment below!!
#SUI nice move to upper Bollinger band incoming...quite possible IMHO
Nice structure of a higher low to set in place a positive move
I like how the Bands are going sideways ... volatility could be inbound.
New blockchains need to be far better than #Ethereum for users to migrate over
#ETH does around 20-24 tps
#Arbritrum does 120 tps and is 10X cheaper
SUI has peaked at 1400
SUI SUIUSDT Price Analysis (1h)Hello, dear traders and investors! 📈🚀
Let's dive into the analysis of SUIUSDT on the 1-hour timeframe and explore a promising trading opportunity. 🕵️♂️✨
Upon careful examination, we can identify a compelling signal for a potential upward move, as both the price and the Relative Strength Index (RSI) are exhibiting a Bullish Divergence. This divergence pattern suggests a shift in momentum and a possible trend reversal to the upside.
💡 To further enhance your understanding of Bullish Divergence and its significance in trading, we invite you to check out our latest article on Divergence:
👉Moreover, in addition to the Bullish Divergence, we can also observe the formation of a triangle shape pattern on the chart. This pattern indicates a period of consolidation before a potential breakout. Combining these two signals, we have a compelling case for a possible bullish move in the near term.
🚀 Taking into account the bullish divergence and the triangle pattern, our analysis suggests that the potential target for the upward move would be in the range of $0.69 to $0.71. This area represents a significant resistance level that could potentially be reached if the bullish momentum continues.
⛔️ It's essential to consider risk management in every trade. To protect against potential downside risk and invalidation of the bullish scenario, we recommend setting a stop loss and invalidation zone around $0.64. This will help safeguard your capital and ensure you are prepared for any unexpected market movements.
Remember to conduct thorough analysis and always make informed trading decisions based on your own risk tolerance and trading strategy.
Happy trading! 📊💰
My goal is to acquire SUI at the most favorable priceHello, friends!
I want to share with you updates regarding my previous review, where I compared two cryptocurrencies - Aptos and SUI. Today, I have made the decision to place a limit order for a minimum price update.
What does "limit order for a minimum price update" mean? It means that I plan to make a purchase at a price lower than the current market price. This approach allows me to execute a buy order when the price reaches a specific level that is advantageous for me.
My goal is to acquire SUI at the most favorable price ✌🏻
SUI Created a Rising wedge, Bearish breakout formed.SUI has formed a rising wedge pattern, indicating a potential bearish breakout. Traders and investors should be on the lookout for a downward swing in price, which could lead to a retracement of approximately 50% to 61% on the Fibonacci retracement levels. This retracement is expected to occur around the price level of $0.71.
SUI SUIUSDT Price Analysis (8h)SUIUSDT has been displaying a rising channel pattern since mid-June. However, there are some indications that the momentum is weakening, as observed from the MACD histogram chart.
We should exercise caution as there is a possibility of the price breaking below the support of the rising channel.
Key Support Levels:
0.76
0.71
It is important to be extra careful if you are currently holding SUI.
Despite the potential downside risk, let's explore the levels that could be reached during the movement inside the channel.
There are a few Key Resistance levels to watch:
0.92
0.98
1.03
1.08
Monitor the price action closely and stay vigilant. Remember to manage your risk accordingly.
Happy trading, and may the markets be on your side!