SUI Rising Wedge PatternGreat Macro Backdrop. Great Project. Bull Market. Long Position. Hold through cycle.
SUIUSDT trade ideas
Sui(SUI) Roadmap!!!Today, I want to analyze the Sui( BINANCE:SUIUSDT ) project , which has seen a good increase in these days, and show you its roadmap .
The recent price surge of the SUI token can be attributed to several key factors :
1- Increased Transaction Volume : Sui Network recently surpassed Solana in terms of transaction volume. This uptick in transactions is largely driven by the rise of meme coins on the Sui blockchain, which has caught the attention of traders and investors alike.
2- Strategic Partnerships and Institutional Adoption : Sui Network has formed strategic partnerships, notably with Grayscale and Circle. The launch of the Grayscale SUI Trust has enabled institutional investors to gain exposure to SUI, boosting interest and liquidity. Additionally, the integration of USDC through Circle’s Cross-Chain Transfer Protocol has enhanced the network’s utility in DeFi and gaming sectors.
3- New SCION Technology : Sui introduced SCION, a new network infrastructure designed to enhance security and reduce latency in Web3 applications. This innovation has further bolstered confidence in the network, attracting more users and developers.
It seems that according to the good news that has come for the Sui project , the increase of the SUI token will continue, but it will probably experience a small correction to increase again.
Currently, SUI is moving near the Resistance lines and the Potential Reversal Zone(PRZ)($3.00-$2.50) .
According to the theory of Elliot waves , SUI seems to be completing the main wave 3 . ( It is completing the microwave 5 of the main wave 3 ).
I expect SUI to rise another +20% or so and then start to correct. SUI correction can be -20% to -40% .
Sui Analyze (SUIUSDT), Daily time frame⏰.
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Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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SUIUSDT Bullish move(Road- Map)I want to examine the Sui today.
SUI is in a bullish trend when it makes HH and HL (higher highs and higher lows).
According to TP-1, it may reach 3 in the near future. According to a fib retracement, it has already made the necessary corrective and is now set to advance toward the upward target.
next targets( update previous analysis)If it breaks out of the channel, the price has the potential to grow to the next targets according to the slide
$SUI Macro chartHello there,
Today we are looking at NYSE:SUI , it is doing a great numbers and growing fast with a hugee VC behind it.
📍 Buy Zone: $0.6-$0.8
🎯 Target 1 - $1.27
🎯 Target 2 - $1.48
🎯 Target 3 - $2.18
🎯 Macro Target - $3.3
Bull Market Top / Optimistic Scenario : $7-10 🏁
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.85
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.90
First target 2.00
Second target 2.06
Third target 2.15
SUI, Just imagineThis chart is for imagination purpose only.
if the October to march season hit, we could very well imagine this.
The fractal on the chart comes from the previous move of October 23" to February 24".
27 million holders
Just imagine, that's all.
"That's it, that's the idea" - Good night !
SEI is following SUISEI is doing very well recently. It is following SUI who is the market leader with NEIRO. SEI is forming a bullish break out structure under white EMA. If it breaks check SUI chart - this will happen as well.
MANAGE YOUR RISK
THIS IS NOT A FINANCIAL ADVICE
bullish chanellThe price will move towards the top of the channel in the range of 2.3 with a consolidation above the midline
Buy Trade Strategy for SUI: Harnessing Fundamental Potential**Descrizione**:
This trading idea explores the buy potential of the cryptocurrency SUI, which is gaining attention due to its innovative approach to decentralized applications (dApps) and smart contract functionality. SUI is designed to offer scalability, low transaction costs, and a secure environment for developers building on its platform. With a strong team of developers and increasing adoption within its ecosystem, SUI is positioned as a potential long-term player in the blockchain space.
That said, the cryptocurrency market is inherently unpredictable, and SUI, like other digital assets, is subject to external factors such as market sentiment, regulatory changes, and technological competition. Engaging with SUI in the market should be done with caution and careful consideration of the potential risks involved.
**Disclaimer**:
This trading idea is intended for educational purposes and does not constitute financial advice. Cryptocurrency investments, including SUI, involve significant risk, and you could lose all of your invested capital. It is crucial to conduct your own research and consult a qualified financial advisor before making any investment decisions. Past performance is not indicative of future outcomes, and the cryptocurrency market is highly volatile.
Phemex Analysis #27: SUI _ Will It Continue Soar or Sink?After its initial surge, PHEMEX:SUIUSDT.P has been locked in a battle with resistance. Breaking through one hurdle after another, it has now found itself staring at the formidable wall of its all-time high, $2.18. A recent retracement has brought it back to $1.88, leaving investors pondering its next move.
The Road Ahead: A Tale of Three Scenarios
Breaking Free : The most optimistic scenario would see SUI shatter the $2.18 resistance with a surge of volume. This could propel it to even higher heights, igniting a new wave of bullish sentiment.
A Bearish Turn : However, the market has shown signs of weakness. A second one-day high accompanied by a RSI divergence suggests that a bearish reversal might be brewing. If SUI falls below the $1.60 support level with significant volume, a downward spiral could ensue.
The Waiting Game : A more likely scenario is a period of consolidation. SUI might hold the $1.70 support level while investors patiently await a clear breakout signal. Impatience can be a trader's enemy in such situations.
The Path Forward
As SUI navigates this critical juncture, patience and careful analysis are key. While the potential for further gains is undeniable, the risk of a reversal cannot be ignored. Traders must weigh the potential rewards against the risks and make informed decisions.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
SUIUSDT to short making reversal patternAs per my Analysis SUIUSDT has making a Double top pattern and what I can see is that it can make the bearish move to 1.6
My point of View For SUIDear Follower
I got a multi request to analyze SUI
I see SUI most likely will hit $5.5 easily
I recommend liquidate 50% of your fund at that price then start use a trilling stop under each last new bottom for the rest of the fund
Good luck every one
[SUIUSDT] - Bullish isn't over yet!BINANCE:SUIUSDT Started it's correction after a 350% profit from it's bottom in 24 august.
take care if u are going to open shorts... u must understand that the decline doesn't happen vertically.
it can bounce back from here and test the top again at 2.16 to liquidation all short positions then return to complete its correction
i expect a correction to 1.5$( will happen through 2 weeks) then comes back to 5$
BEST Regards Ceciliones🎯
Sui (SUI): how close is a new ATH?Sui (SUI) price has recently experienced a notable rise in market value, standing out even as the broader cryptocurrency market struggles. Over the past week, SUI has defied the downturn, continuing its upward momentum after being one of the top-performing large-cap cryptocurrencies in September.
The token saw a remarkable 100% increase last month, and the rally carried over into October, with SUI coming close to setting a new all-time high on October 7. In addition, SUI drew more attention after surpassing Solana in daily transaction volume, further solidifying its growing presence in the market.
After a market surge over the past few days, the SUI price has experienced a notable drop, slipping by 5.90% to $1.94 at press time. The digital asset, which recently hit a 24-hour low of $1.94 and a high of $2.13, has seen some fluctuations, reflecting a volatile trading day. The Sui price hit an all-time high of $2.18 on March 27, 2024, marking a 10.5% decrease from its peak.
The Sui price is facing resistance around the $2 mark. However, improving market conditions might support a push towards this level soon. If the coin reaches $2.18, it would mark a significant increase of nearly 10% from its current value.
Such a move could bring the cryptocurrency closer to its all-time high (ATH), potentially sparking renewed investor interest.
The current Chaikin Money Flow (CMF) value is 0.01, indicating a neutral market sentiment. It recently showed a bullish trend before flattening out.
While the Sui price has pulled back slightly from its recent highs, the continued growth in transactions and DeFi activity suggests the potential for further gains. With resistance near $2 and increasing interest from key platforms, Sui remains a token to watch, especially if it makes another push toward its all-time high.
SUI - too late for long. Wait for new patternSUI - too late for long. Wait for new pattern
During up trend - best area for long is at VAL or POC
at this moment coin pumped 33% - wait for new opportunity for lONG
SUIUSDT 1 DAY CHARTSUI seems to be eager to make a new ALL TIME HIGH so shorting this coin at the current levels would not be very wise
I advise you not to trade against the trend of hyped coins because market makers could easily push your trades out & liquidate you
Use this insight to guide your way for longer term investments
SUI: Looks Good For A Mild WaveThe market moves in waves... Here we have a double-top. SUIUSDT.
Notice the trading volume as SUIUSDT peaked yesterday. Notice how clearly the green bars are smaller than the red bars. Notice how the highest green bar happened mid-August and then volume stats to drop. As the peak of the wave hits, bear volume increases.
We are likely looking at the end of this bullish wave. I'll be honest with you, I shared a short for this pair recently. While there can be some more action, one final hurray, the top is likely in.
We get a correction and this correction ends up in a higher low. When the low is in we go bullish again. This correction would match Bitcoin of course because the market moves as one.
From 5-August through 7-October we have more than two months green, 63 days. It is normal to see a retrace/correction after any type of bullish wave. Up and down, up and down...
It can be early of course, but this is it for this wave.
We simply wait for prices to move down and once the low is in, we start to buy again.
Namaste.
SUILong to test prior swing highs.
Coming out of supply turned demand.
Magic fib retrace ltf m1 == shouldd pop any minute now
Forming a sales position in SUIAs the daily channel listed on the channel, this queen, which has a powerful ascending rally, needs to be modified to continue the course of movement, so as in one hour and 5 minutes change The trend has taken place in this queen and with a liquidity that has not been formed for 5 minutes, it can regain the price and throw it to lower levels.
SUI. I expect a correction.I'd open short with SL at 2.17
In the long term this coin may grow, but for now I'm waiting for a correction to 1.6
SUI near ATHSUI nearly made it to ATH. I know it looks pretty scary to enter long that high, and that makes sense. But I want you to check out SUIBTC chart - imagine that price break above that level - in this case guaranteed target will be around 0.00009 and that makes another 150% from breakout (or ~180% from cmp) 👀
Watch the dips under 1.92 and down to 1.85 - they can be an opportunity to catch that breakout.
SUI - Possible Pullback to $1.20 to $1SUI Network skyrocketed and has recently been the most hyped coin.
In our last update, we anticipated a breakout when it was trading around $1
SUI has just undergone 83 million USD worth of token unlocks.
Technical Outlook:
With CRYPTOCAP:BTC dominance rising as Bitcoin corrects, we expect a broader pullback.
On the weekly timeframe, price has hit a significant resistance level.
4-hour timeframe: There was a strong rejection, and it is now trading around the daily Point of Control (dPOC). If it loses the monthly Point of Control (mPOC) at $1.70, there is a higher chance it will revisit the $1.20 to $1 (breakout area)
