SUNUSDT
Parabolic Curve Theory idea for $SUNContinuing with my research on PCT (Parabolic Curve Theory) this is a daily chart for $SUN coin which also seems to have initiated a parabolic move marking a sub-base 1 at approximately 0.172 fib level and later setting higher highs on the 0.236 fib level (Base 1), and 0.382 fib level (Base 2).
I'm very eager to understand the deep relationship that appears to exist between these parabolic panic-buying patterns, Elliott Wave Theory and Fibonacci, which seems to be present on every accumulation area or base of PCT.
I expect the price action to bounce off of the curve and initiate an uptrend towards the 69USDT price level.
Any comments and further insight on the subjects of this research is very much appreciated.
social experiment which focus on Defi; (SUN/USDT )analysisSUN is closely associated with TRON, and conspicuously bears the surname of TRON’s founder, Justin Sun.
SUN’s main purpose is to exist as support for the TRON protocol, which aims to create a decentralized internet ecosystem.
❇️Rank #285, kind:Token ,On 13,640 watchlists
Market Cap: $210,442,770
Fully Diluted Market Cap:$844,822,202
Volume24h:$279,882,182
Volume / Market Cap:1.27
Circulating Supply:4,957,214 SUN
Max Supply:19,900,730
Total Supply:19,900,730
What Is 🌟SUN (SUN)🌟?
SUN (SUN) is a cryptocurrency designed to further the development of decentralized finance (DeFi) on blockchain network TRON (TRX).
Described as “the quintessential Bitcoin equivalent on TRON,” SUN is a voluntary project which runs on TRON’s TRC-20 token standard. A dedicated community administers operations via smart contracts.
❇️SUN specifically focuses on DeFi and aiding its uptake and infiltration on TRON’s blockchain. As such, its function mimics that of the native tokens of DeFi platforms, and rewards users for staking other coins and involving themselves in governance procedures.
refrences: coinmarketcap - sun.io
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✅TECHNICAL ANALYSIS
As you can see in the weekly time frame chart for SUN/USDT, the price is trading at around $40.21 .
Sun is still rising in an uptrend that has started it's own uptrend since the beginning of this year and seems to be just in its first long-term uptrend and also it could go down to the bottom of its channel.
So you can buy more safely in the green support area in that point as good entery level.
Of course, even the floor of the canal may be broken, but then it seems more logical to reach the middle and then the roof.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
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Great triangle⚖️Still hungry, wolves?🔥
Then take it and trade it!
Ascending triangle formation on SUN/USDT.
There was a bullish sentiment before, so it may be a signal of movement continuation.
According to Elliott Waves theory Wave C is done and the price is heading to Wave D.
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
SUN - TO THE MOON (;Bullish indicators
- Macd converging upward
- Bullish breakout of Adam & Eve pattern, retesting and found support on the neckline
- Volume increasing
- General market sentiment improving
Could see a move up to the 0.768 Fib level around the $22 USD range in the short term
As always let me know your thoughts
''Buy Big Sell BIGGER'' - MegaWhale
✳️SUN/USDT Analysis (5/1) #SUN $SUNCurrently, there is buying pressure in 6$ zone and the selling pressure has decreased so I think SUN will bounce back to 9$ zone in the next few days.
However, 9$ zone is very strong and there is currently some bad news for TRX and Poloniex when being investigated by the US government, so it is likely that SUN will also be affected and the most important thing when trading with SUN is necessary to set a stop loss to ensure safety against a strong dump
📈BUY
-Buy: 6-6.5$. SL if B
📉SELL
-Sell: 9-9.5$ if B. SL if A
♻️BACK-UP
-Buy: 9-9.5$ if A. SL if B
-Sell: 11.5-12$. SL if A
-Sell: 6-6.5$ if B. SL if A
-Buy: 4-4.5$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
SUN/BTC (Testing Reverse Fib 2.0 Support)💎Technical Analysis Summary💎
BINANCE: SUNBTC
-SUN is heavily on a downtrend since breaking its recent structure
-It is now trading just above reverse Fib extension support
-There is no sign of strength yet for SUN
-Just a little reaction bounce a few hours ago
-This is a high-risk trade if you will try to enter now
-Please wait for any signals or reversal patterns
A big Thanks for donating 💰 via Tradingview coins this week to SattarKHAN 🙏🎉
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Not Financial Advice 💸
Please Exercise Risk Management 💱
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SUNUSDT AnalysisThis is a new coin on the USDT chart, so not much analysis for now. I will come back to reevaluate in a few weeks or even a month.
However, if we use support and resistance strategy, we can buy SUNUSDT at the 14.466 support level and then sell for a profit at the 19.335 resistance level.
That's all for now.