Get started

SUKUUSD

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
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: 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