SUI, volatile, but local uptrend intact

🎯Price printed a 3 white knight bullish engulfing pattern, reclaiming the daily pivot, now being tested as support. Wave 2 of a new uptrend appears to be underway. Wave 3 has a first target of the daily 200EMA, followed by $3.1

📈 After negating the bearish divergence, daily RSI has unconfirmed hidden bullish divergence forming.

👉 Analysis is invalidated below $1.31, keeping the downtrend alive

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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İlgili yayınlar

SUI Short-term analysis | Trading and expectations

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

Maddox_Metrics

🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com