SUI appears to have completed a local wave (2) at the .618 Fibonacci retracement and a larger degree wave 2 at the alt-coin golden pocket between .618-.782
Triple resistance looms ahead of the daily 200EMA, major resistance High Volume Node and descending resistance trend line.
A breakthrough and close above will be a bullish sign with an initial target of the December swing high range $4.48
Analysis is invalidated below the $2.5 swing low, locking in ABC correction instead.
The bullish case is in jeopardy below $2.29 swing low.
Safe trading
Triple resistance looms ahead of the daily 200EMA, major resistance High Volume Node and descending resistance trend line.
A breakthrough and close above will be a bullish sign with an initial target of the December swing high range $4.48
Analysis is invalidated below the $2.5 swing low, locking in ABC correction instead.
The bullish case is in jeopardy below $2.29 swing low.
Safe trading
PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.