I am predicting a cup and handle will form over the next few weeks, as you know this is a risky business to get in you either do good or bad. But let's see.
Price will Tap $1.84 before going back down to set up the HANDLE and to close the cup
It will go down to $1.23 to complete the handle at that point it will spike up past $1.84
I price breaks out of the trend line $2.20 will be the entry point to ride the wave upwards obviously if your holding SUI you are in a great position to profit or buy more at these levels or lower.
Overall resistance is $5.50
Overall Support is $0.33
Overall Trend is Downward (Squidward)
we are dangerously close to that support line if we get there, I will definitely be buying more
There is a white arrow I left for a candle stick that doesn't look good to me it could be an indicator to that it will drop further rather than form a cup and handle.
Price will Tap $1.84 before going back down to set up the HANDLE and to close the cup
It will go down to $1.23 to complete the handle at that point it will spike up past $1.84
I price breaks out of the trend line $2.20 will be the entry point to ride the wave upwards obviously if your holding SUI you are in a great position to profit or buy more at these levels or lower.
Overall resistance is $5.50
Overall Support is $0.33
Overall Trend is Downward (Squidward)
we are dangerously close to that support line if we get there, I will definitely be buying more
There is a white arrow I left for a candle stick that doesn't look good to me it could be an indicator to that it will drop further rather than form a cup and handle.
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