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Suiusdt

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 Holds Key Support at $4.60: Eyes on $5.20 Resistance!SUI/USDT 4H Chart Analysis Consolidation phase: SUI is consolidating at $4.72 after a rejection from the $5.20 resistance. Price is currently testing PCL (Previous Consolidation Low) support at $4.60. Current price: $4.72. Key levels: Support: $4.60 (PCL support) and $4.00 (discount zone, strong demand area). Resistance: $5.20 (key level for upside breakout). Equilibrium zone: Consolidation suggests potential for accumulation if support holds. Volume profile: Decreasing selling pressure indicates a possible shift toward bullish momentum. Trade setup: Entry: Around $4.65-$4.75, close to support at $4.60. Target: $5.20 (next major resistance zone). Stop loss: Below $4.40 to minimize downside risk. Risk-to-reward: Favorable setup, targeting upside continuation if $4.60 support remains intact. Confidence level: 7/10 for bullish continuation. Considerations: Volume confirmation: Look for an increase in buy volume near the $4.60 support to confirm potential upside. Support test: Monitor price action at $4.60; failure to hold may lead to a deeper pullback toward $4.00. Breakout potential: A successful test of $4.60 and strong momentum could lead to a retest of $5.20 resistance. This setup highlights a potential long opportunity, but close monitoring of the $4.60 level is essential for trade validation.
Long
by Cryptokijker
1
HBARUSDT UPDATEALGOUSDT is a cryptocurrency with a current price of $0.3900. Its target price is $0.5500, indicating a potential 50%+ gain. The pattern is a Bullish Pennant, a continuation pattern signaling a potential breakout. This pattern suggests a brief consolidation before a strong upward move. The Bullish Pennant is a positive signal, indicating a potential price surge. Investors are optimistic about ALGOUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. The Bullish Pennant pattern typically leads to a strong upward move. ALGOUSDT is poised for a potential breakout.
Long
by CryptoWithJames
1
HBARUSDT UPDATEHBARUSDT is a cryptocurrency trading at $0.30268. Its target price is $0.42000, indicating a potential 40%+ gain. The pattern is a Bullish Pennant, a continuation pattern signaling a potential breakout. This pattern suggests a brief consolidation before a strong upward move. The Bullish Pennant is a positive signal, indicating a potential price surge. Investors are optimistic about HBARUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. The Bullish Pennant pattern typically leads to a strong upward move. A breakout from this pattern could propel HBARUSDT to its target price.
Long
by CryptoWithJames
SOLD SUI and waiting for re-entryI had been accumulating SUI since last Sept when it broke above $1.0.   But yesterday I sold my SUI position.   It is probably not a good idea for many, but I did. My overall bias for SUI is extremely bullish and I believe it will go much higher once BTC decides to move up.    However,  both daily RSI and MACD were forming a very clear negative divergence over two months.  On top of that, the price tried to reach ATH, but failed, retested the previous higher high but failed.   It gave me a sign of the weaking, so I sold it.   Now, I am going to wait for an opportunity to buy back.   My rules for a long entry are as follows:  I use two time frames - weekly/daily and daily/4h.   My first rule for long: 1) MACD in the higher timeframe needs to be in the bull territory which is above 0.  The angle of MACD is not important.  It needs to be in the bull zone. 2) Stochastics (9,3,3) in the higher timeframe needs to reset and stochastics lines need to cross and start to move upwards.  It cannot be in the overbought territory.  If these two conditions are met in the higher time frame, I go to the lower time frame to start looking for an exact entry point.     3) MACD lines in the lower timeframe properly cross and enter the bullzone or cross and move upwards above the bull zone. Green vertical lines I drew in the chart are good examples. 4) Stochastics (9,3,3) in the lower timeframe cannot be in the overbought territory. 5) if the price is taking off from the critical area such as EMA21and resistance/horizontal/trendline, it even confirms it is a good area of entry.
COINBASE:SUIUSD
by EbonyFalcon
1
SUI - time for price correction? Sui peaked at $2.22 in April 2024. Prior to that, momentum indicators started to develop a major neegative divergence. Eventually, the price dropped below the previous higher high at $1.95 and went through a prolonged price correction. The same set up is emerging. The price recently reached $5.30 but now it is dropping below the previous high (not confirmed yet) at $4.94 area. If today's daily candle closes below $1.95 and MACD lines cross and start to point downwards, I might consider to open a short position. My overall bias for SUI is bullish. I don't usually trade with leverage. I invest heavily in SUI and I don't intend to sell any of my SUI holdings at this stage. However, if the chart set up shows me a very clear sign for a decent correction, I will consider to open a short position to swing trade in 4H chart. I will update my analysis later.
Short
by EbonyFalcon
SUI's bullish cycle might not end soon!BINANCE:SUIUSDT SUI is in a bullish channel and to our surprise, the channel has been reliable for the past 2 months! so we can still rely on it! the price shall bounce in it for now! No sign on bearish signals can be seen! ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Long
by CRYPTONIC_trend
SUI Holding Strong Above Key Levels: Bulls Target $6.00SUI/USDT is maintaining its bullish momentum, holding strong above the rising trendline and within the ascending channel. This indicates steady demand, with each retracement finding support near the trendline. The key support zone lies around $3.8-$3.9, providing a strong base for potential reversals if a pullback occurs. On the upside, breaking above the $5.50 resistance could signal further bullish continuation toward $6.00 or higher.
Long
by unichartz
SUIUSDT | Bull Flag Confirming Uptrend ? Overview SUIUSDT is currently showing a strong Bull Flag pattern on the daily chart (1D), which often acts as a continuation signal in an uptrend. After a powerful rally, the price is consolidating within a narrow descending channel (highlighted in yellow), preparing for a potential breakout. Key Levels Support Levels: 100% Fibonacci (2.2884): Critical support to maintain the uptrend. 88.6% Fibonacci (2.0758): Secondary support zone if price retraces deeper. Resistance Levels: Target for Bull Flag Breakout: 4.5996. 161.8% Fibonacci (3.4087): Intermediate target on the way to the Bull Flag breakout target. 200% Fibonacci (4.1043): Another key resistance before reaching the final target. Bull Flag Setup Pattern: The current consolidation (highlighted in yellow) forms a textbook Bull Flag. Breakout Potential: A breakout above the flag’s upper boundary signals a continuation of the uptrend. Target levels align with Fibonacci extensions, with the ultimate target at 4.5996. Volume: Watch for increased buying volume on the breakout to confirm the move. Scenario Analysis Bullish Case: If the price breaks the upper trendline of the flag and holds above, the next targets are: 3.4087 (161.8% Fibonacci) as the first intermediate target. 4.1043 (200% Fibonacci) as a secondary resistance. 4.5996 as the projected breakout target. Bearish Case: If the price fails to hold above 2.2884, the uptrend may weaken, and a deeper retracement toward 2.0758 could occur. Trading Plan Entry: Break and close above the Bull Flag with volume confirmation. Stop Loss: Below the lower boundary of the flag or 2.2884 (100% Fib). Target 1: 3.4087 (161.8% Fib). Target 2: 4.1043 (200% Fib). Final Target: 4.5996. 📌 Disclaimer: This analysis is for educational purposes only. Always manage your risk and conduct your own research before trading.
by Surrendgods
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 TRADE IDEA SUI has performed remarkably this Bullrun and it doesn't look to be slowing down. This is just some thoughts on the low timeframe: Bullish scenario - A retest of the green zone which is a clear bullish orderblock and the last local high would be an ideal place to get into a Long to then fill the wick up to local high. The general rule of thumb is that wicks get filled and this move would be a near 20% with good R:R. A poor reaction/ no reaction in the green zone would void the trade idea and the Daily support is the next area of interest. Bearish scenario - A SFP once the wick gets filled would be a potential bearish trigger with the midpoint and green zone providing areas for the bulls to fight back. SUI is very overbought on the higher timeframes so a larger cool down could be triggered by this pattern playing out. I do also think BTC would have to pullback in order to drag SUI down with it as SUI is just so strong at the moment. So far a strong start from the US market with the first meaningful day back since the holidays providing strong volume and a bullish bias.
by ProR35