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SUIUSD trade ideas

SUIUSD starting rally for a $12 Cycle Top.Sui / SUIUSD is reversing this week into green territory and if the 1week candle closes in gains, it will be a strong bullish signal as it would have rebounded just over the 1week MA50. The pattern is a Channel Up for this Cycle, pushing the price slowly but steadily upwards. Like the April 8th 2024 pull back, this week's correction almost touched the 0.5 Fibonacci retracement level, posting a symmetric 1week RSI pattern. As long as the 1week MA50 continues to hold, we expect the new bullish wave of the Channel Up to start. Since the December 30th high was on the 1.5 Fib extension, we believe the next one, which will most likely be the Cycle's Top, will also be on that level. Buy and target 12.000. Follow us, like the idea and leave a comment below!!
CRYPTO:SUIUSDLong
by TheCryptagon
1
SUIUSD: rally to $11 has just started.SUI turned neutral again on its 1D technical outlook (RSI = 46.494, MACD = -0.196, ADX = 48.385) as its 6 month Channel Up has hit its bottom and is rebounding. We are still under the 1D MA50 and that's why the outlook is still neutral but the 1D RSI crossed over its MA trendline, which was what confirmed the start of the bullish waves on October 29th 2024 and September 6th 2024. The rallies that followed have been identical, so we're bullish and anticipate an equivalent increase of +220% (TP = 11.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:SUIUSDLong
by InvestingScope
5
SUI: Further DownSui has sold off sharply in recent days, losing around 35% of its value since the top of the turquoise wave B at the resistance near $5.36. In the short term, this decline should continue until the price reaches the anticipated low of the magenta corrective wave (4) within the same-colored Target Zone between $3.23 and $2.70. From there, we expect an impulsive rise with the magenta wave (5), allowing Sui to break well above the $5.36 resistance and establish the high of the larger green wave . A premature breakout beyond $5.36 has a 30% probability according to our primary scenario.
BINANCE:SUIUSD
by MarketIntel
SUI at Key Support Zone – Potential Reversal Ahead!COINBASE:SUIUSD is currently trading within a significant support zone. This zone has previously triggered bullish reactions, making it a key area to watch for potential reversals. If the price action shows clear signs of rejection, such as bullish engulfing candles or wicks indicating buying pressure, there is a high probability of a rebound. I anticipate the price could move upward toward the $4.4000 level as the next target.
COINBASE:SUIUSDLong
by DanieIM
4
Sold my SUI, but I will buy back I sold most of my SUI positions today. My overall bias for SUI is still bullish. However, there are some bearish signs in weekly and daily charts. My main concern is if the bear trend resumes in the higher time frame, it will take weeks and months for the price to recover. Meantime, I identified long opportunities in other crypto currencies. I rather realise the profit and reallocate it to others. The reasons for concerns: Weekly: Both RSI and Stochastic have reached the overbought territory and are rolling down. MACD is losing bull momentum and MACD lines are about to cross to the downside. The similar setup happened in April 2024 and the price continued to drop for four months. Daily: The daily MACD and RSI are presenting clear negative divergence. The price also dropped and closed below the ascending trendline (orange line in the chart), and retested and dropped below the trendline as well as Fib 0.236. All daily momentum indicators are entering the bear zone. The reasons for not selling: Although the current chart setup looks pretty bearish, there is a chance it can be a bear trap. Large crypto exchanges and market makers can drop the price to liquidate long positions. For instance, the price fell and closed below the trendline on Oct 25th 2024 ( red vertical line in the chart) after forming negative divergence. But the price quickly recovered and started a parabolic leg up. There is a possibility the same scenario can play out this time as well. I might regret selling my positions, however, although the last time,the price dropped below the trendline, it stayed above EMA 55. This time, it is dropping below EMA55. In summary, I sold my SUI positions because I cannot ignore some strong bearish signs in the higher time frames. Although I still think SUI will perform in the long run, I have identified other crypto currencies that will outperform SUI for now. The opportunity cost of not taking profit and reallocating to others is too great to miss. I will let go of SUI for now, but I will definitely buy back when the bull momentum comes back.
COINBASE:SUIUSDShort
by EbonyFalcon
6
The Fast Track to Target 3 (8.55$+)📈 Sui (SUI): 🚀 Targeting $8.85 – The Momentum is Real! 🌊 SUI is showcasing tremendous bullish potential on the 12H chart, breaking through critical levels with strength. With Target 1 and Target 2 already achieved, the price is building momentum to reach the next major milestone at $8.85 (Target 3) faster than anticipated! Technical Breakdown: Ascending Channel: SUI continues to trade within a strong bullish channel, respecting higher lows and higher highs. Key Support Levels: $4.37: Immediate support to watch for a healthy retracement. $3.62: Deeper support zone, providing a solid base for continuation. Upside Potential: Break above $5.87 clears the path toward $7.19 and eventually $8.85 (Target 3). Why Sui Could Accelerate to $8.85: Innovative Technology: Sui's Move programming language enables faster, more secure smart contracts, attracting developers and projects. Ecosystem Growth: Sui is rapidly becoming a go-to blockchain for Web3 gaming, NFTs, and metaverse applications. Institutional Backing: Support from venture giants like a16z underlines long-term confidence in the project. Bullish Sentiment: The market's growing confidence in Sui is reflected in the strong upward price movement. The Fast Track to Target 3 🚀 If SUI maintains its current momentum, we could see an accelerated move toward $8.85, fueled by its expanding ecosystem and bullish technical setup. Watch for volume surges and decisive breaks above $5.87 for confirmation of the next leg up! What’s your outlook on Sui’s potential? Do you think $8.85 is achievable soon? Share your thoughts below! 👇 One Love, The FXPROFESSOR 💙
COINBASE:SUIUSDLong
by FX_Professor
BUY!!I bought more SUI this morning. I use two time frames to decide a trade entry - i.e. weekly/daily or daily/4h. 1) I use stochastic in a higher time frame to confirm the direction of my bias. If I am interested in going long, I first look at the daily stochastics (9,3,3) is reset, crossed and pointing upwards. 2) If the first condition is met, I am going to check the 4H chart and start looking for an entry area. I draw clear horizontal support/resistance area and also an ascending/descending trendline (only if it is a very clear trend). Don't draw too many lines. Keep it simple. 3) I open a position, if the price closes and bounces off the key resistance/support/trendline, and MACD lines cross and point upwards in the bull zone. SUI chart is presenting the perfect scenario, Therefore, I bought more SUI this morning. I don't leverage trade so I don't have a predetermined stop loss/profit target. I will probably close my position if a daily candle moves below, retests and closes below the red support line. I usually take the initial profit when a clear negative divergence appears in either 4H or daily chart. P.S. I sold Sui last week, because it was forming a massive negative divergence in the daily chart. I was anticipating a much larger price correction, however, the fundamentals for the overall crypto market are very strong and now Bitcoin is recovering. So, I decided to buy back and added more this morning. I plan to hold it for the entire Bitcoin cycle.
COINBASE:SUIUSDLong
by EbonyFalcon
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
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 (Sui): Bullish Momentum as Price Nears Key🔥 Potential Price Targets for Next Month: 🩸 Near-term Goal: $5.00 🩸 Long-term Goal: $4.50 🔥 FinCaesar's Strategy: 🩸 Long: Above $4.50, targeting $5.00 and $5.50. The bullish MACD momentum and strong EMA support further gains. 🩸 Short: Below $4.50, targeting $4.00 and $3.50. A breakdown could signal a potential reversal. 🔥 FinCaesar's Commands: 🩸 Resistance: $5.00 — The key resistance to overcome for bullish continuation. 🩸 Support: $2.67 — A breakdown below this could lead to deeper downside. Sui is currently in a bullish phase, with MACD momentum indicating further upward pressure. If the price can break through $5.00, expect further gains. However, if $4.50 holds as support, expect a potential consolidation around $4.50. 👑 "In the face of strength, precision is key—seize the moment." — FinCaesar
CRYPTO:SUIUSD
by FinCaesar