SUI (Daily) Elliot wave ii underway

SUI appears to have completed a motif wave (1) with an ending diagonal after finding a bottom at the major support high volume node (HVN) macro wave 4.

Wave 2 has not retraced as deep as other alt coins showing strength in the move up. The downside target is the HVN it has just tested at the 0.382 Fibonacci Retracement $2.95.

Wave 3 should be a powerful move up taking price into all time high.

Failure to hold this support could see price heading back to fresh lows and testing the $1.6 HVN once more.

Safe trading