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Suku

Suku to 10-11 cents?Suku broke out of a falling wedge here. Earlier charts I've posted were expecting 10-11 cents, even up to 13-15. Let's see if it finally gets there after the long consolidation from its move up earlier in the year, in January. Some confluence from the OBV indicator to support this - on balance volume has been consistently rising throughout the consolidation within the wedge. Note that last time OBV was at this level, back in January, was when we saw the last larger move up. Going against this - DXY may be in for a strong move up soon. It could be delayed or even move down instead, but if it gets a strong move up, I imagine this is going down, or at least not going much further beyond the previously mentioned targets. This applies to pretty much everything right now:
COINBASE:SUKUUSDLong
by dudebruhwhoa
1
Bull FlagSuku has formed a nice bull flag here after breaking out of its falling wedge. Confluence: Golden cross on the 50/200 day MA (dotted), and has been sitting in between the 50 and 200 day EMA for 40 straight days now, and is one of few in the crypto market that has yet to break above its 200 day EMA. Targets remain the same as on my previous post. We could even see 15 cent area near the 200 day SMMA since this has been dragging out so long. Previous posts are here and here: Higher targets near 15.6, but awaiting channel break: Original falling wedge post: Long-term, but long-shot hopium chart:
COINBASE:SUKUUSDLong
by dudebruhwhoa
2
$AVAX $DOGE & other Altcoins were great buys days ago, what now?Last week we mentioned buying #crypto #altcoin We spoke on: $AVAX $JASMY $ADA $MANA $MLN $DOGE $TLM $SPELL $TRU And others... We then spoke on taking some profits, sold 1/4 to half of positions on that bump. Yesterday many hit support levels & some are still close to support levels today. Here are some that are still not at bad prices $AXS $ASM $AVAX $FARM $FLOW $ENJ $SUKU hasn't sold off and held well $MKR has pulled back a decent amount but looks like it wants to sell off a bit more. #cryptocurrency #altcoins #cryptotrading
by ROYAL_OAK_INC
Another way to look at SUKUPreviously posted a falling wedge pattern. After breaking out of that wedge, it has formed a parallel channel (non-log chart). I think there's a good chance we get a channel breakout as well, which would move previous falling wedge targets up a bit. Why a good chance? SUKU has a golden cross on the 50/200 day MA (dotted lines), and is currently sitting between the 50/200 day EMA (solid). It has so far failed to drop below both the 200 day MA and the 50 EMA since moving above it. Continue to do so and we'll get our channel breakout soon. Falling wedge's previous TP 2 was around 13.3 cents. Channel's TP 1 is around 13 cents, so that target still remains relevant. However, now we have a TP 2 from the channel break around 15.6 cents. Previous falling wedge idea shown below, which remains in play as well:
SLong
by dudebruhwhoa
2
SUKU - Potential Double Bottom Targeting $2.30 - $2.70If SUKU has double bottomed here, we could see potential growth from the area of 9 cents up to 2.3 - 2.7 dollars by winter of this year or early 2023. Trend-based fibs, measured from opening day -> bottom -> first top give us a golden pocket in the exact same target area as conservative and more aggressive measured double bottom targets, for confluence. For this to remain a possibility, we need to hold above the area between ~5-7 cents (no new ATLs). In support of this idea, we've seen highest buy volume in SUKUs history here in the area of the proposed double bottom. Price has yet to reflect this.
SLong
by dudebruhwhoa
10
SUKU: a promising project and chart.Suku is on of the 100 blockchain start ups listed on forbes. It's currently very low in capitalization and this give us a good long opportunity! The cap is currently 40$M, this means that at 6.30$ the cap would be around 600$M. I think this is higly achievable for a project of this kind. Suku is a service kind of project, this means they let companies use their network to give customers a new way of approach to the world of services. This goes from supply chain, interoperability to DeFi. It's also a project in partnership with hedera hashgraph and suku network will be integrated in hedera network, this will make suku safer, scalable and fast than ever, making it one of the best project in the crypto world. This project is a gem and it's very discounted right now. Technical analysis: Suku price is following this trendline for long time now, it looks very solid. If this is the bottom the fibonacci extensions would take it to around 6$ during the next bounce. It's a high target but it's definitely reachable in the medium-term. And remember that low volume preceed expansion! Here for you, as always, CryptoSoap!
Long
by UnknownUnicorn19016152
2