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SUI / TetherUS

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SUIUSDT trade ideas

SUI is going parabolic, time to buy? Here is why yesSUI is bullish and currently going parabolic, as you can see on the chart. The price broke out of the ascending parallel channel, which was supposed to break down, not break up. This is a strong sign of strength and that the parabolic uptrend is starting. Time to buy? I think so. 300% profit in the next few weeks is not scifi. We also have a falling wedge pattern on the weekly chart, and by classic technical analysis, the profit target is at the top of the falling wedge, which is the previous ATH. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! What Makes Sui Unique? Through features such as horizontal scaling, composability, sparse replay, and on-chain storage, Sui’s architecture solves pain points common to first generation blockchains. Horizontal Scaling On the Sui network, each group of transactions process in parallel, as opposed to the bottlenecking that occurs in some earlier blockchains due to any lack of distinction between the various objects, resources, accounts, and other components. Composability In Sui, unlike most other blockchains, one can directly pass an asset (such as an NFT), directly into a function argument. Sui’s object-centric approach also allows for more esoteric data structures, and the ability to store assets inside such data structures, or in an asset itself. Sparse Replay Naturally, a blockchain provides a ledger of every single transaction. For a Sui-specific example, game builders don’t need to track transactions interacting with unrelated dApps. Because querying on-chain data can be expensive, products on Sui will be able to follow the evolution of the objects in this game, without digging out the data from the Merkle tree. On-Chain Storage Because assets are directly stored as objects on the Sui blockchain, they are never subject to Merkle tree indexing. Storing assets directly on-chain is used in tandem with conventional means, such as IPFS, to scale the problem of on-chain storage, as it is much cheaper to directly update assets on-chain. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
8
New Potential trend confrimation for SUILooking at the RSI it's a tad bit hard to see but for the first time in a long time we see confluence after bullish volume from the successful crossover & defense of 200SMA. Larger timeframes have the SMA in similar locations With BTC doing it's thing it's not hard to imagine this guy popping off. Going for a spot for now, blue sky breakout mode, will take a martingale long approach if the price happens to dip. if longs happen to fill my stop should be around 1.5, until then, I'm just keeping my eyes on volume on SUI and more follow through breakout volume after the bigger caps settle down from a bullish day in the west. Have a good/night day traders. Friends, I appreciate your boosting and comments, I still haven't really befriended anyone on here so maybe give me a follow id greatly appreciate it. Check out my other TA and comment what you think!
Long
by Zephyr7777
SUI Posts 24H Gain, but May Retest Support SoonThe Sui price is trading within a consolidation zone between $1.4995 and $1.6570. However, the latest drop in the altcoin’s price led to it falling out of a short-term positive price channel. As a result, SUI may soon retest the $1.4995 support level. A break below this significant price point could put the crypto at risk of plummeting down to the subsequent support level at $1.3700 in the short to medium term. In an extremely bearish scenario, the Sui price could nosedive to as low as $1.2270 in the upcoming fortnight. This bearish thesis may be invalidated if the Sui price is able to recover back within the bullish channel in the next 24 hours. In this alternative scenario, SUI could attempt to flip the $1.6570 resistance level into support within the following couple of days. Bears Are Gaining the Upper Hand Against Bulls Technical indicators on SUI’s 4-hour chart suggest that SUI may drop in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish. The RSI line is on the verge of crossing below its Simple Moving Average (SMA) line. This could trigger a significant bearish technical flag that will indicate sellers have gained an upper hand against buyers. In addition to this, the MACD line is closing in on the MACD Signal line. This could be the early indication of SUI entering into a negative trend.
Short
by StevenWalgenbach
SUI: The Arc of Opportunity in FormationThe SUI cryptocurrency has been carving an intriguing formation on the chart, visually manifesting itself as a saucer or arc. This pattern suggests the possibility of an upcoming opportunity for astute investors. In this TradingView analysis, we explore current trends and technical signals that could indicate significant moves in the near future. Find out how investors can still take advantage of this unique training at SUI! Experienced traders, what do you think?
Long
by karelys914
6