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SUIUSD

Title: SUI/USDT: Bearish Signals Emerge - Ending Diagonal PatterTitle: SUI/USDT: Bearish Signals Emerge - Ending Diagonal Pattern and MACD Divergence Overview: SUI/USDT is currently displaying clear bearish signals, suggesting a potential reversal in the near term. Two key factors contribute to this bearish outlook - the formation of an ending diagonal pattern and the emergence of a bearish divergence on the MACD indicator. Technical Analysis: Ending Diagonal Pattern: SUI/USDT is exhibiting the characteristics of an ending diagonal pattern, a reversal pattern typically signaling the end of an uptrend. The converging trendlines of the diagonal suggest diminishing buying interest, with a higher likelihood of a bearish reversal. MACD Bearish Divergence: The MACD indicator is showing a bearish divergence, where the price is making higher highs, but the MACD is making lower highs. This divergence implies a weakening bullish momentum, often preceding a potential trend reversal. Trade Setup: Cautious Approach: Given the bearish signals, a cautious stance is recommended for traders. Short Entry: Consider shorting SUI/USDT on a confirmed breakdown from the ending diagonal pattern or a breach of a key support level. Stop-Loss: Place a stop-loss above the recent swing high or a level that aligns with your risk tolerance. Take Profit: Identify potential support zones or Fibonacci retracement levels as profit-taking targets. Risk Management: Always employ proper risk management strategies, ensuring that potential losses are controlled and do not exceed predetermined levels. Stay informed about upcoming events or announcements that may impact SUI/USDT. Cautionary Notes: Keep a close eye on the price action and be prepared to adapt your strategy based on real-time market developments. Be aware of potential false signals and monitor confirmatory factors alongside the technical analysis. Conclusion: The combination of the ending diagonal pattern and the MACD bearish divergence on SUI/USDT suggests a potential shift in market sentiment. Exercise caution and wait for confirmation before considering any trading positions. Always conduct thorough analysis and maintain a disciplined approach to risk management.
BINANCE:SUIUSD
by outkla
2
SUIUSDT Evaluating Bullish Prospects from Demand Zone? 👀🚀SUI💎 Paradisers, let's delve into #SUIUSDT, which is currently exhibiting a fascinating pattern. Situated in a demand zone, SUI shows a strong likelihood of embarking on a bullish journey. 💎 Our recent observations reveal that #SUI has successfully executed a Market Structure Shift (MSS) and surpassed a formidable supply level at $0.7828. This level has now transformed into a demand zone. If NYSE:SUI can maintain its momentum above this zone, it stands a high chance of reaching and potentially surpassing a major supply zone above. 💎 However, it's crucial for astute traders like us to always have a Plan B. If #SUI is unable to sustain its momentum above the demand zone, we should be prepared for a different scenario. This would involve expecting a bullish recovery from a lower support level at $0.7244. Be mindful, though, that breaking below this support could trigger a significant bearish movement. 🌴💰
Long
by MyCryptoParadise
SUI - This ALT can EASILY x100📉Hi Traders, Investors and Speculators of Charts📈 I've been focusing on altcoins with use case and good upside potential and SUI is one of them. Although SUI has recently increase 70%, this altcoin can still increase exponentially from here once the market cap picks up. Endorsed by Ledger; Sui is a decentralized layer 1 blockchain that uses a specific type of proof-of-stake consensus named delegated proof-of-stake. Sui is a unique blockchain using the Move language and parallel transaction execution, which allows it to process transactions much faster than its competitors. In short, Sui aims to increase its scalability without compromising on security by using a combination of the native programming language Move, parallel processing of transactions, and delegated proof-of-stake consensus mechanism. This way, Sui allows for fast, private, and secure digital asset ownership accessible to everyone. The nascent project has a flourishing ecosystem of dApps ranging from NFT and DeFi to GameFi. With scalability and fees remaining a concern, more and more developers are expanding out to other ecosystems. SUI is a solid project and over time more and more people will start to build on it - and use it. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SUIUSDT
Long
by Crypto-Check-
3
Top Gainers Today : SUIMarket is Down, but SUI/USDT is pushing higher. What Is Sui (SUI)? Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Who Are the Founders of Sui? Mysten Labs, the original contributor to Sui, was founded by by former executives/lead architects of Meta’s Novi Research (the team responsible for Diem blockchain and Move programming language): Evan Cheng; Adeniyi Abiodun; Sam Blackshear; George Danezis; Kostas Chalkias. 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. ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. Disclaimer
by CryptoTrend-Alerts
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" Don't forget to like and comment
Long
by Madoir
SUI / USDT 4h Price AnalysisChecking out BINANCE:SUIUSDT , it seems like it's gearing up for a positive move. The triangle shape on the chart hints at a potential breakout. We're keeping an eye on it, especially if it clears the 0.69 resistance – that could signal a lift to around 0.84. To play it safe, we've got a support range at 0.64-0.61 to catch any dips. And just in case things don't go our way, we've set a stop-loss at 0.57 to minimize potential losses. So, in a nutshell, we're feeling good about the momentum, hoping for a breakout, but being cautious with our support and stop-loss levels. Here's to a profitable move!
Long
by Vestinda
Sui Bullrun PlansThe tokenomics of this coin are very suspicious. The way they scam people with their bullsharks game to create insane chain activity to attract more liquidity, using their own bots to not let retail make any gains is also suspicious and fraudulent. But... Comparing them to other chains, they do try to copy cat the Solana nft frenzy in their own manner and develop something, at least for now. By december 2023, we expect to have 10% of Sui released, leaving 90% more to dump on hamsters later. What to expect: When crypto starts to be green for weeks, I expect the VC's to pump it minimum to 3$ in a span of 1-2 weeks. But before that, we may see a drawdown to 0.4~0.2$ per SUI. Buy targets : From 0.6 DCA lower till 0.2 Sell targets : 2.8 and higher.
by MrDorea
3
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
Long
by P_S_trade
45
SUI SUIUSDT Price Analysis (4h)Greetings, fellow traders! Let's dive into analysis of SUIUSDT's recent price action since our last update 👉 The journey of price movement has been intriguing, revealing essential patterns that provide us with valuable insights. After an impressive breakout from a substantial Triangle pattern, SUIUSDT embarked on a downward trajectory, carving a distinct Falling Wedge shape. This transition didn't just showcase price movement; it signaled a shift in market sentiment, setting the stage for potential opportunities. What adds an intriguing twist to this narrative is the emergence of a Bullish Divergence signal on the Relative Strength Index (RSI) . This phenomenon is akin to a beacon of hope, suggesting that despite the price descending, there's an underlying strength that may soon exert itself. Bullish Divergence occurs when the price is in a downtrend, but the RSI, a key indicator of momentum, moves in the opposite direction, showing a potential loss of downward momentum. This often anticipates a potential trend reversal, acting as a precursor to an upward move. Now, the plot thickens as we witness the formation of a diminutive Rising Wedge pattern. This pattern, characterized by converging trendlines slanted upwards, can be a harbinger of a future price shift. As we know, patterns in trading are like the breadcrumbs left by market participants, providing us with a potential roadmap. However, while Rising Wedges can hint at an upward breakout, they often precede a retracement. This leads us to a forecast for the next few days: a modest retracement in price, possibly aiming to touch the Support Target of $0.56. This level could serve as a temporary resting place before the price springs back to life. Our gaze is then set on a target resistance of $0.71. This price zone has the potential to act as a significant barrier that the price may need to breach to continue its ascent. A successful breach here could be indicative of a more substantial upward movement. In this dynamic dance of patterns and signals, it's important to remember that trading is an art as well as a science. While we delve into the intricacies of price action and patterns, it's crucial to maintain a vigilant eye on risk management. The journey may be exciting, but it's essential to navigate it with prudence. As we anticipate the next chapters in SUIUSDT's story, let's continue to explore, learn, and adapt to the ever-changing landscape of the financial markets. Happy trading, dear comrades! 📈🚀
by Vestinda
2