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.
Safe trading
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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.