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SUIUSD

Sold my SUI, but I will buy back I sold most of my SUI positions today. My overall bias for SUI is still bullish. However, there are some bearish signs in weekly and daily charts. My main concern is if the bear trend resumes in the higher time frame, it will take weeks and months for the price to recover. Meantime, I identified long opportunities in other crypto currencies. I rather realise the profit and reallocate it to others. The reasons for concerns: Weekly: Both RSI and Stochastic have reached the overbought territory and are rolling down. MACD is losing bull momentum and MACD lines are about to cross to the downside. The similar setup happened in April 2024 and the price continued to drop for four months. Daily: The daily MACD and RSI are presenting clear negative divergence. The price also dropped and closed below the ascending trendline (orange line in the chart), and retested and dropped below the trendline as well as Fib 0.236. All daily momentum indicators are entering the bear zone. The reasons for not selling: Although the current chart setup looks pretty bearish, there is a chance it can be a bear trap. Large crypto exchanges and market makers can drop the price to liquidate long positions. For instance, the price fell and closed below the trendline on Oct 25th 2024 ( red vertical line in the chart) after forming negative divergence. But the price quickly recovered and started a parabolic leg up. There is a possibility the same scenario can play out this time as well. I might regret selling my positions, however, although the last time,the price dropped below the trendline, it stayed above EMA 55. This time, it is dropping below EMA55. In summary, I sold my SUI positions because I cannot ignore some strong bearish signs in the higher time frames. Although I still think SUI will perform in the long run, I have identified other crypto currencies that will outperform SUI for now. The opportunity cost of not taking profit and reallocating to others is too great to miss. I will let go of SUI for now, but I will definitely buy back when the bull momentum comes back.
COINBASE:SUIUSDShort
by EbonyFalcon
2
BUY!!I bought more SUI this morning. I use two time frames to decide a trade entry - i.e. weekly/daily or daily/4h. 1) I use stochastic in a higher time frame to confirm the direction of my bias. If I am interested in going long, I first look at the daily stochastics (9,3,3) is reset, crossed and pointing upwards. 2) If the first condition is met, I am going to check the 4H chart and start looking for an entry area. I draw clear horizontal support/resistance area and also an ascending/descending trendline (only if it is a very clear trend). Don't draw too many lines. Keep it simple. 3) I open a position, if the price closes and bounces off the key resistance/support/trendline, and MACD lines cross and point upwards in the bull zone. SUI chart is presenting the perfect scenario, Therefore, I bought more SUI this morning. I don't leverage trade so I don't have a predetermined stop loss/profit target. I will probably close my position if a daily candle moves below, retests and closes below the red support line. I usually take the initial profit when a clear negative divergence appears in either 4H or daily chart. P.S. I sold Sui last week, because it was forming a massive negative divergence in the daily chart. I was anticipating a much larger price correction, however, the fundamentals for the overall crypto market are very strong and now Bitcoin is recovering. So, I decided to buy back and added more this morning. I plan to hold it for the entire Bitcoin cycle.
COINBASE:SUIUSDLong
by EbonyFalcon
BUYI sold my SUI last week because the daily MACD had been forming a very clear negative divergence.  It is my profit taking rule - sell some when clear negative divergence appears in the 4H or daily.    I followed my rule, but I ended up buying back yesterday.    I usually rely on the interaction between MACD and Stochastics to gauge the strength/weakness of the price move.  Both indicators were clearly showing the downward move.  However, RSI was stubbornly refusing to go below 50 level and RSI slow MA  (Orange line) stayed horizontal and eventually started to tilt up.    I started to look at the price action in the lower high frames and I could see the price was refusing to move below the bottom parallel channel. My general bias for SUI is extremely bullish. Both fundamentals and technical set up support its long term upside move. The price may be choppy around $4.95 zone (the previous month high/previous week mid) and the price may retraced when it reaches the resistance area, but there are many layers of buy blocks sitting below. It is also good the 4 hour candle moved above and is now departing from EMA 21. The 4H MACD hasn't entered the bull zone, however, MACD lines are getting wider and wider apart as it approaches the bull zone, therefore, even though it is not confirmed MACD is in the bull zone, the probability for it to eventually enter the bull is high. There are enough signs for bullishness. I am regretting that I sold my SUI. I followed my rule but I feel it was an unnecessary move especially I wasn't trading. That massive negative divergence in the daily chart shook my nerves! Now I bought back SUI and I plan to ride it during this Bitcoin cycle.
COINBASE:SUIUSDLong
by EbonyFalcon
1
SUI hidden patternSUI / USDT Price is playing inside ascending broadening wedge pattern since last September! Where close to lower trendline act as support and near upper trendline act as resistance If you noticed this pattern marks out the bottoms and tops for all market in the same period Which is normal thing for SUI as market leader in this cycle Will this pattern work out again ? Lets see the reaction at support and see 👀 Lower support must hold otherwise deeper correction will occur
by Babenski
1
SUI Wave 4: Pivots, Patterns, and PossibilitiesIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! The cleanest conservative count, in my opinion, suggests that we are still within a wave 4 or possibly a diagonal. This conclusion is based on the 3-wave move up that has printed so far, which aligns with the characteristics of corrective wave structures. Wave 4, according to Elliott Wave principles, often presents as a more complex corrective pattern, and this appears consistent with the current price action. However, the situation remains dynamic, and key levels will play a crucial role in determining the next steps in the wave count. ### Key Levels to Watch 1. **4.92**: If price action fails to generate further upside momentum and drops below this level, it would indicate potential weakness and could lead to a revisit the 3.95 level. 2. **3.95 Pivot + Price Action (PA)**: This level will be pivotal in determining where we are within the broader wave count. A hold above this level could maintain the possibility of the current count, whereas a deeper breach could suggest a shift in the structure. ### Scenarios to Consider - **Bullish Continuation**: If price action remains above 4.92 and generates impulsive moves, it may signal the end of wave 4 and the start of wave 5. - **Extended Correction**: A drop below 4.92 and a test of the 3.95 pivot could indicate a continuation of wave 4 or a diagonal pattern. An impulsive breach would lend to a flat. ### Neutral Perspective This analysis remains neutral, focusing on the possibilities rather than definitive predictions. The next moves around these levels will provide important clues about the broader structure and potential directional bias. As always, flexibility and attention to evolving price action are essential when navigating corrective waves. By monitoring these critical levels and patterns, traders can better position themselves to adapt to the unfolding price action. Trade safe, trade smart, trade clarity.
Long
by CryptoKnee
1
SUIUSD Still holding the 1D MA50 after 4 months! Bullish to $10.Sui (SUIUSD) has been trading within a Channel Up since the August 05 2024 market bottom. The last 10 days of December are seeing a vicious test of the 1D MA50 (blue trend-line), which is so far holding as Support. In fact the last time we had a 1D candle close below it, was 4 months ago (September 05 2024). With the 1D RSI making a bullish reversal and breaking above its MA (yellow trend-line) while the 1D MACD is about to make a Bullish Cross, both indicators in similar fashion as the bottoms of October and September 2024, we treat the current consolidation above the 1D MA50 as the strongest buy signal of the past 2 months. The previous two Bullish Legs both rose by exactly +219.25%, so our Target is currently a little below that margin at $10.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SUIUSDLong
by TradingShot
4
Is SUIUSDT on the Brink of a Major Breakout?Yello, Paradisers! #SUIUSDT has been showing remarkable strength, steadily climbing within an ascending channel and gaining momentum from its ascending support. Adding to the bullish narrative, the price is forming an inverse head-and-shoulders pattern—a powerful indicator suggesting the potential for a continuation to higher levels. 💎However, a significant challenge lies ahead. #SUI faces a major resistance zone between $4.80 and $5.00—a critical level that has repeatedly acted as a barrier, preventing the price from breaking higher. Notably, this range also aligns with the neckline of the pattern, making it a pivotal breakout area. 💎A successful breakout, accompanied by strong trading volume, could spark a bullish surge targeting the $5.45–$5.70 range, where the 1.618 Fibonacci extension resides. This area might prompt partial profit-taking as traders capitalize on the move. However, if momentum continues to remain strong, SUI could soar even higher, reaching the next significant resistance levels around $6.50–$6.80, fulfilling the pattern's target. 💎On the downside, SUI is well-supported. Initial support is seen at the $4.00–$3.90 zone, with additional strong support at the ascending trendline near $3.65—a level that has held firm for over 45 days, reinforcing its significance. Patience and discipline are key here, Paradisers. The market often tests both bulls and bears before making decisive moves, so stay vigilant. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
SUI Is The Best Asset Of 2024, But It's Almost DoneHello, Skyrexians! Recently we looked at the assets with the high potential, which are still in the accumulation phase. Today we will take a look at the coin BINANCE:SUIUSDT which has already brought a lot of profit to its holders. While other alts are scamming every day, this coins performs great and now we can see a lot of optimism around this crypto. Is it time to sell SUI or rally will continue and this coins is the next Ethereum? Let's take a look at the weekly time frame. Elliott waves theory tells us that listing pump was just a wave 1. After that we have seen the consolidation in a wide range. Price was able to maintain at pretty high level and continue pumping. We can count this wave as a wave 2 in a shape of flat correction ABC. After that price started the impulsive wave 3. This wave has the maximum target at 2.61 Fibonacci extension at $6. Correction can start in any moment now, so this token is dangerous. After corrective wave 4 which can reach approximately $3, we expect the final wave 5 which has the targets above $8. There we have to wait for the red dot on the Bullish/Bearish Reversal Bar Indicator , after that reversal is expected in the new bear market. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
by Skyrexio
4
SUI looks Bearish (12H)It seems that SUI is completing a large structure. A diametric pattern appears to be forming at the end of wave G. By maintaining the red descending trendline, it could drop toward the two specified TP levels marked on the chart. Note that TP 1 is a strong support level. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
No Matter How Far You Fly, You Will Return SUI!No matter how far you fly, you will return to my primary demand zone, SUI. While SUI is showing very nice increases, it is also active in terms of volume, there are buyers inside, but they are slowly running out, you see long wick candles, the reason I skipped the first demand zone is that everyone will be waiting there and such zones are directly skipped in dump situations of the market. You saw this in the recent dump, in all my analyses, I wrote in 10 different analyses that dumps could come, and therefore the first box should not be used without approved upward breakouts. In fact, I did not give the first boxes in many analyses at the risk of being left out. That is why 10 of the 15 demand zones I shared came as points and are at an average of 15% profit. Right now, I pulled the stop of all of them to the entry and took my profit. I will be patient for SUI because I did not act early. If you could not get it at cheap prices, your only solution is to be patient. If you cannot be patient, unfortunately, you cannot be a hunter. Maybe you hunt a few things by chance, but in the end you will be hunted. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Long
by XU99