Local Analysis / Targets / Elliot Wave
Sui attempted to breakout into all time high and was rejected as expected for a wave (1). Wave (2) is underway with an expected first target of the High Volume Node and S1 daily pivot at $2.9, also the 0.382 Fibonacci retracement. Price must get through the daily 200EMA first. Secondary targets is the golden pocket and High Volume Node support at $2.3.
RSI is just below the EQ and crossed bearishly.
Standard Deviation Band Analysis
Price is below the fair value regression line and another thrust lower will see it reach the green opportunity buy zone where it has tested the threshold twice a support. Price was rejected twice when also attempting to breakout above fair value showing supply ready to drop.
Safe trading
Sui attempted to breakout into all time high and was rejected as expected for a wave (1). Wave (2) is underway with an expected first target of the High Volume Node and S1 daily pivot at $2.9, also the 0.382 Fibonacci retracement. Price must get through the daily 200EMA first. Secondary targets is the golden pocket and High Volume Node support at $2.3.
RSI is just below the EQ and crossed bearishly.
Standard Deviation Band Analysis
Price is below the fair value regression line and another thrust lower will see it reach the green opportunity buy zone where it has tested the threshold twice a support. Price was rejected twice when also attempting to breakout above fair value showing supply ready to drop.
Safe trading
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.