SUI appears to have completed a wave 2 pullback at the 'alt-coin' golden pocket Fibonacci retracement 0.786.Price tested the S2 daily pivot as support, which adds confluence to the .786 Fib. A bullish engulfing candle followed, negating the previous 3 days price action but price still has to overcome resistance.
A sustained breakout above the descending orange trend line and major resistance will be a queue to go long.
Analysis is invalidated below $2.28.
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MSc Financial Econ
PhD Candidate: Investing & Social Mood
Tech Analyst 7 years
Trader / Investor 14 years
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PhD Candidate: Investing & Social Mood
Tech Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: maddoxmetrics.substack.com
Members Only Signals: dailytechnicalanalysisupdates.substack.com
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Tech Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: maddoxmetrics.substack.com
Members Only Signals: dailytechnicalanalysisupdates.substack.com
PhD Candidate: Investing & Social Mood
Tech Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: maddoxmetrics.substack.com
Members Only Signals: dailytechnicalanalysisupdates.substack.com
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.