SUKUUSDT
SUKU could see 75% here, >200% if breakoutQuick post - SUKU is at the bottom of a daily chart falling wedge. OBV has been rising throughout its entire drop since first being listed on Coinbase.
A move from here towards top of wedge could easily do 65-75%, and a falling wedge breakout could lead to significantly more ~260-280%. much more if we see continuation following if such a move were to occur.
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!
SUKU Say Goodbye to cheap prices, say hello to MOONSUKU looks like it's ready for an absolute rocket mission to mars. It's been oversold for a while now and seems to have broken out. Now it is retesting the trendline it's been following for a long time!
Now is the perfect time to buy, don't miss the rocket ship.
SUKU/USDT { SUKU } - BULLISH SETUPANALYSIS 🔎
- SUKU/USDT is currently on an uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and ascending trendline support.
- There's a relatively high concentration of buyers at this zone (high buying pressure).
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- The market could be on the verge of the 5th impulsive Elliott wave.
BUY ENTRY ⬆️
- Key fibonacci retracement zone (0.618 - 0.702 - 0.786).
TARGETS 🎯
- Horizontal resistance level (@1.07541).
- Horizontal resistance level (@1.25106).
- Horizontal resistance level (@1.58302).
- Fibonacci extension level 1.0 (@1.84350).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level (@0.70033).