Suiusdtperp
#SUI/USDT#SUI
The price is moving in a downward trend on a 12-hour frame
After bouncing from a major support area in green at the $1.00 level
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI that is about to break higher
Entry price is 1.18
The first goal is 1.40
The second goal is 1.62
The third goal is 1.98
Where is the SUI price heading?For more than 2 months, the SUIUSDT price has been showing and maintaining a strong and steady upward trend.
So we have a question for you, what is your opinion on where the SUI price is headed?
- according to the blue scenario, to $1.5 and from there the correction will begin in the region of $0.6
- better in the orange scenario to $2.0-2.10 and from there a correction to $0.9
Or your option, vote and write your thoughts in the comments below the idea.
SUI target $1012h time frame
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SUI is a potential Layer 1 blockchain and smart contract platform. Price goes well and builds a health trend for bullish side. Although SUI has been dipping for around 1 month, it just gained support from 61.8% Fibonacci retracement, that could be seen as a standard and normal correction before next pump starts. Considering the current market cap. is 1.5B and total supply is 10B, I predict SUI's MC can reach or even go over 100B, that will bring the price go above $10, and should sell most positions once hit $12.
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Bull target: $10~$12
#SUI/USI#SUI
The price is moving in a head and shoulders pattern on the 12-hour frame, and the right shoulder has been completed
We have a strong upward trend in the RSI indicator, and the price sticks to the price
It is expected to rise at 3 levels.
Entry price: 1.71
The first goal is 1.79
The second goal is 1.90
Third goal 2.04.
The stop is below the right shoulder
#SUI/USDT#SUI
The price is moving in a descending channel on the 12-hour frame
We are now at the lower limit of the channel
The price bouncing more than once at the lower border of the channel is evidence of the strength of the channel border and the expectation of an increase
We have a higher stability moving average of 100
As well as the price touch trend on the RSI
Entry price is 1.52
The first goal is 1.72
The second goal is 1.84
Third goal 1.97
#SUI/USDT#SUI
It is moving in a bearish channel on the 4-hour frame, and the price committed to the green support area at the 1.60 level.
Now we have a strong breach of the descending channel upward
We have a higher stability moving average of 100
We have bullish momentum on the RSI
Entry price is 1.760
The first goal is 1.81
The second goal is 1.89
The third goal is 1.967
SUI may continue to fall according to the smiley face structure🧠We hit resistance near the all-time high and formed a smiley bearish structure, expecting us to reach the buying zone.
⚠️Note that if the short defense point is breached, then the bearish view becomes invalid
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SUIUSDTBINANCE:SUIUSDT is the only one that has not performed well compared to the others. In my opinion, with the rank of #76, we should expect a sharp pump from it. We may have missed the entry point, but if I want to enter this trade, I would like to enter the trade at price 0.53- 0.50
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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SUI hints at a local growth wave - long trade #2Hello colleagues!
It's time for the second potential trade that we are planning to implement. This is a long on the cryptocurrency SUI.
Unfortunately, we did not manage to execute the first trade , as the price of BTC started to fall sharply without us.
On 17 August, the SUI cryptocurrency updated its local low. The update of the local low occurred on increased volumes. The latest wave of decline in SUI has "resurrected" buyers, who have organised a good rebound to the $0.56 range.
We would like to pay special attention to the local wave of decline from 20 to 22 August. This wave of decline was on good volumes. However, sellers were unable to push the price below the previous local low of 10 June.
This is a good signal that a large buyer is ready to keep the price of SUI up at least in the short term. Another good signal is the active rebound of the SUI price after the $0.51 test.
Taking these arguments into account, we want to enter a long trade for SUI:
Enter = 0.5204 - this is the range where the position was entered. If the price is to rise, it should not fall below this range.
Stop = 0.5039 (-3.2%) - in our opinion, it makes no sense to keep SUI below this level
TP = 0.612 (+ 17.6%) - The price of SUI may not rise above this liquid zone at first.
P/L ratio = 5.5
We also allocate $10,000 for this trade . In case of a mistake, our loss will be $320, and in case of trade execution, our profit will be $1760.
What do you think of this trade? How do you see the situation with SUI? Write in the comments below our forecast
Sui Will Fly Soon NYSE:SUI
Buy And Buy more when the price goes down
Expecting a big price increase before November due to a large number of tokens being unlocked. This is similar to what we predicted for APT in January, where we saw the price move from $4 to $20 in a month before the token unlock.
Note, Do Your aown Research
Happy Trading
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