SUI → The coin is coming out of an uptrend. Capitulation?

21 Jan

SUIUSDT is breaking the bullish structure and testing a trigger that could trigger a strong fall. Yesterday's speech by President Trump Disappointed the cryptocurrency community. The main question is whether a correction is possible?



A correction is possible and there are several reasons for that: bitcoin is making a false breakout and generally hinting at a possible price correction after Trump's post-inauguration speech yesterday, where not a word was said about cryptocurrency. Some felt cheated. But, in this context, actions are important, if Trump moves to fulfill his promises, we may have a bullish driver.
At the moment, technically, the price is leaving the uptrend and testing the 4.250 trigger. It is a strong enough level, a break of which could make the bulls panic, which could lead to capitulation and price decline.

Resistance levels: 4.489, 4.84, 5.12
Support levels: 4.25, 4.00

A retest of the resistance or the previously broken channel boundary is possible, but a break below 4.25 may trigger a fall. A pre-breakdown consolidation is forming around this level. Watch the coin!

Regards R. Linda!

24 Jan

Dagangan aktif

As part of the retest of the previously broken trend boundary, the price forms a false breakout and begins to realize the impulse

28 Jan

Dagangan ditutup: sasaran tercapai

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