SUI Price Analysis_ Has a Low Finally Formed_ New All-Time Highs Incoming

cryptrex

SUI Price Analysis_ Has a Low Finally Formed_ New All-Time Highs Incoming   Your Queries!   sui coin  sui coin price  ens causa sui coin  sui coinmarketcap  sui coin price prediction  sui coin price prediction 2030  sui coingecko  sui coinbase  sui coin reddit  sui coins list  when was sui coin launched  sui coin news  sui coin pokemon  sui coin etf  sui coin future  sui coin analysis  sui coin address  sui coin app download  sui coin adalah  sui coin aud  sui coin apa  sui coin ath  sui coin airdrop  sui coin about  anna sui coin purse  about sui coin  agent s sui coin  axol sui coin  ath sui coin  aaa sui coin  ai sui coin  sui coin price aud  sui coin buy  sui coin binance  sui coin blockchain  sui coin background  sui coin buy or sell  sui coin based on  sui coin belongs to which country  sui coin buy or wait  sui coin burn  sui coin bureau  buy sui coin  blub sui coin  binance sui coin  buy sui coin online  best place to buy sui coin  blue sui coin  best wallet for sui coin  baby sui coin  sui coin chart  sui coin codex  sui coin creator  sui coin contract address  sui coin company  sui coin circulating supply  sui coin ceo  sui coin country  sui coin crash  sui coin chart inr

Transcript

00:00Hello and welcome to another update video on SUI. So we are currently here dealing with the

00:06SUI chart on the daily time frame. What you can see on this chart is that the price is currently

00:13holding just below the July high and this is still a relevant resistance level right around

00:20$4.30. We talked about that one it's it's one that so far couldn't be broken yet and therefore

00:29there is a small pullback but we'll take a look at what that actually means on the smaller time frame

00:34and what the relevant support levels are. For now 6.5% after such a rally isn't necessarily a major

00:42correction so I think we might just be dealing with an internal pullback there and the overall

00:47trend remains up. So important here on the latter time frame is to understand that in both wave

00:55counts. The price could easily still go higher but it requires a break above $3.40 no $4.30

01:02this swing high from May to confirm that and then the next levels above are $5.38 and $5.77 to watch

01:12as next upside targets. Overall in my view the trend is up. We had a nice five wave move up from the

01:17April low and we had a corrective pullback. We landed exactly in the support zone and now we have another

01:23rally and this is now possibly just an internal pullback. At least that's how I see it instead of

01:30something more substantial right. But I'll tell you when I will change my opinion and again it's not me

01:37telling you that it's actually the data telling us when we have to flip more bearish because you know

01:44the levels are objective right. So I can't you know I can't I can't change Fibonacci. What we're dealing

01:50with here is a three wave move up so far. In my view this is not yet five waves up so it's three

01:56waves up and we got to that level there and since then we've just been consolidating. I mean even the

02:02dip today I mean we're still holding above the 18th of July low but sometimes Sui is a little late

02:08with correcting. I do have three waves up so I consider this still as a wave one, a wave two, a wave three

02:15and this might finally be the fourth wave pullback you know that the market that we were watching

02:20for. Now the fourth wave pullback has a support area between $3.11 and $3.51. There is no need

02:30to really test that area. The market doesn't have to give us that fourth wave pullback but it seems

02:37like we have an A wave, we have a B wave and we could now be in the C wave down. That would be the most

02:42straightforward way to complete this correction and then the C wave would be wave one, wave two,

02:48wave three, wave four, wave five. So we could currently be in this C wave decline. As you can

02:54see there you know again we're still holding the upper micro support. I mean this is just an additional

02:59support area because you know technically speaking the market could grind higher more directly right.

03:06Just additional levels to watch I mean they are also relevant especially here at $3.68 the

03:12price doesn't just just doesn't want to break below it. I think actually it would be quite good to get

03:17that clear ABC structure to the downside potentially just targeting $3.51 or $3.30 before moving up but

03:25for now the market has found temporary support at least at $3.68 and please don't think that this is the

03:33only way how this correction could unfold. I mean I'm even considering a triangle pattern but

03:39it's often let's say not very productive to try to decipher nano structures in a correction especially

03:48when we're dealing with a wave four because you get fake outs. I could give you five wave counts here

03:54right it's not it's not helpful. What really matters is that the bulls show up before the price breaks

04:00below $3.11. So yeah for now the market is still under pressure but as long as we're holding above $3.11

04:07I'm going to watch for signals that the market is starting that fifth wave to the upside.

04:13That's the update on Sui. I hope you liked the update. If you did please hit the like button,

04:17leave a comment and subscribe and if you really like the content then please check out the channel

04:22membership. Also if you're interested in the membership check out our channel page. There you'll

04:27find a description of the membership, an explanation in a two minute video that explains you the benefits.

04:33As a member you get for example access to member only videos. Today I uploaded Casper,

04:38say Gala, Polygon were updated in the last one or two days. Then you get access to our member live

04:43streams. As a gold member you also get access to additional updates in our gold membership like

04:50daily intraday updates on Discord. You also get access to live charts and an Elliott Wave trading

04:57course and much more. So check it out if you're interested. Big, big warning here. Market is

05:03volatile. Yeah. People are emotional. So that's paradise for scammers. So we would never send you

05:10any direct message on social media, not even on Discord and we will not ask you for funds to invest

05:17or send you to some kind of a weird copy trading platform or anything. We don't do that, right?

05:23There are scammers around. Please just be vigilant. Thanks so much. Bye-bye.

Category

Transcript

Recommended