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SUI

SUI Triangle macro outlook

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SUI structure, after a failed all time high, now appears to be a macro triangle in wave (4), also characterised by the long drawn out range. Wave D is underway to the triangle upper boundary with wave E expected to complete around the weekly pivot point, $3.17.

Wave (5) has a minimum target of the R5 weekly pivot at $15.8, at the 2 Fibonacci extension.

Falling below $1.7, wave A, invalidates the analysis and suggests we have much lower to go in a bear market.

Weekly RSI is bearish with lower to go but hidden bullish divergence has formed, a good raly will confirm.

SUI i holding up better than most with shallower retracements overall.

Safe trading

Maddox_Metrics
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
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ALTaltcoinALTSaltseasoncoincryptoElliott WaveseasonSUISupport and ResistanceTriangle
Maddox_Metrics
🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Juga pada:

Penerbitan berkaitan

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.