TheCoinCowboy

TheCoinCowboy Updated 

SUI has lost support and has fallen below $3.55, and then failed to regain any ground above it repeatedly. The expectation is that it will hit the March 27 high of $2.82 and then possibly fall further.

TheCoinCowboy

Here at the 30 minute time frame, SUI looks to be forming a Wyckoff Accumulation pattern. It is possible to have one or two more secondary tests (ST) and then a strong move up beyond the level of the creek (Jump Across the Creek), and if that happens, it will be boom town again. This will be invalidated if the price falls below $3.50.

TheCoinCowboy Updated 

Shown here on a four hour time frame — what appears to be an almost identical reapat of the recent wave 4 consolodation. Notice the phenominon of what I call, "Double Cupcakes"... — I know... not very technical — but this double bump keeps appearing before a continuation up or reversal of a down trend. So hopefully these cupcakes make your Friday fun. NFA Best Wishes

TheCoinCowboy

We could be in a complex reaccumulation bouncing around between $3.85 and $4.08, as a temporary situtation before a longer elliote wave 5 up to the $4.50 range. Market makers might be testing out both sides of the range to shake out weak hands. Multiple Fakeouts or Upward Thrusts (UT) are happenign with all the over-eager buyers; these false breakouts trap...

TheCoinCowboy Updated 

$4.10 is proving to be the current level of resistance. I was really hopeful there was more runway up after reaching the $4.00 mark. Note: This analysis is valid only if SUI falls below $4.07. SUI is hitting resistance in the $4.00 to $4.10 range, so we may see some short-term rejection before the next move up to $4.20 and beyond. With all of the good news...

TheCoinCowboy

Consider the following narative, what currently looks like the completion of wave 5 after hitting $4.27 and now retracing to around $4.00, is actually a short pause or consolidation within a larger wave 5. In Elliott Wave theory, waves occur in fractals, meaning: A smaller 5-wave move (e.g., on a 1H chart) can be part of a larger Wave 3 or 5 on a higher...

TheCoinCowboy Updated 

Looks like retracement wave 4 has finished around $3.12, and we are now in wave 5. Wave 3 can never be the shortest of waves 1, 3, and 5. But wave 5 is often 0.618 or 1.0 times the length of wave 1 or wave 3. Today, a bullish announcement that U.S. banks can legally custody crypto for clients was made. I think this is the catalyst that will cause wave 5 to be...

TheCoinCowboy Updated 

SUI is looking more like it's 4th wave is going to go down a bit more before it can bounce up to $4.00. I really was hopeful that May 5th's $3.26 was it's recent retracement bottom... but it looks like we are about to revisit $3.26 and go even lower. My target range is between $2.80 and $3.08, with my best guess as $2.88 as it will touch a previous high and...

TheCoinCowboy Updated 

My previous two "bear flag" ideas were invalidated. This is a Jump the Creek situation. Shown here is a zoom in to the 30 minute time frame of the part that I thought was a bear flag. Bellow is some info in layman's terms of the Wyckoff Reaccuumulation Trading phases also known as "Jump Across the Creek" ----------------------- Please Hit the Rocket if You...

TheCoinCowboy Updated 

SUI has broken the channel it was in, and looks to be in a bearish trend until it scoops up more liquidity around the $4.00 mark — with possiblilies of hitting even lower depending on market sentiment at the time of the next dip. NFA. Please hit the rocket if you like this post.

TheCoinCowboy Updated 

AVAX has dipped below $18.80 and it looks like there just isn't enough strength at the moment to avoid a third dip down. My projected possible breakdown stops are... $18.40, $17.70, $15.40, $14.80, $13.50 If AVAX can hold above 18.90 this all is invalid. NFA...

TheCoinCowboy Updated 

Many times I have seen a failed H&S pattern play out days later. It appears that a bear flag is forming and that the failed plunge will take place soon. Shown here is the 4 hour chart, showing a recent double top. If the price of AVAX holds above $19.20 than this theory will be invalid.

TheCoinCowboy Updated 

I think most traders will view this as an invalidated cup & handle, but you could consider the current state of affairs as a triple bottom. I think the handle dipped down too much due to the USA tarrif turmoil, but that does not mean the cup was not formed. This idea is invalid if we dip below $14.50, in that case, AVAX could go down to the mid $8.00...

TheCoinCowboy Updated 

Bearish outlook for ADA as it has formed an Adam & Eve pattern on the 12 hour view. If ADA falls below 0.80 for enough time, the retest to below 0.70 will be a likely scenario. This is a Double Top Adam and Eve trading pattern, potentially showing a trend reversal (its accuracy isn't guaranteed) Usually this is 65% to 75% accurate.

TheCoinCowboy

Shown here is LTC on the 12 hour time frame. It is in a symmetrical triangle pattern, which typiclaly is an indecisive pattern. However, the recent dip and strong bounce up is indicative of the Wycoff Spring Setup. Instead of a Range Break Fake-Out to the downside, the Wyckoff Spring is a more like a Range Break Fake-Out to the Upisde. The very high...

TheCoinCowboy Updated 

SUI is still in a corrective path. The next stop will most likely be $4.00 before going down to a $2.30 to $3.00 range. Not Financial Advice.

TheCoinCowboy

Hey I love SUI as much as anyone, and yes I believe it will hit $6.00...but just look at this chart and understand that what I am presenting here could play out. Trade Spot my Friends..... I would not leverage on SUI right now. Best wishes to all.

TheCoinCowboy Updated 

Shown on the 12 hour here, SUI I believe has more potential.... based on the current news narratives. VanEck just added SUI to two European funds. I think SUI will pump up from the short squeezes...