Panjang
SUKU - Potential Double Bottom Targeting $2.30 - $2.70
If SUKU has double bottomed here, we could see potential growth from the area of 9 cents up to 2.3 - 2.7 dollars by winter of this year or early 2023.
Trend-based fibs, measured from opening day -> bottom -> first top give us a golden pocket in the exact same target area as conservative and more aggressive measured double bottom targets, for confluence.
For this to remain a possibility, we need to hold above the area between ~5-7 cents (no new ATLs).
In support of this idea, we've seen highest buy volume in SUKUs history here in the area of the proposed double bottom. Price has yet to reflect this.
Trend-based fibs, measured from opening day -> bottom -> first top give us a golden pocket in the exact same target area as conservative and more aggressive measured double bottom targets, for confluence.
For this to remain a possibility, we need to hold above the area between ~5-7 cents (no new ATLs).
In support of this idea, we've seen highest buy volume in SUKUs history here in the area of the proposed double bottom. Price has yet to reflect this.
Nota
Update July 18, clean break of daily 50 MA after multiple tests, 4H chart below:Nota
Zoom in on daily, current structure had 2 attempted but failed breaks, 3rd break appears to have succeeded after re-testing. Looks good, but still want to see us break and hold above the daily 50 EMA here before we can expect our run up to the 200 EMA above (as the next test prior to going for a double bottom run):Nota
Update - Full history chart now also showing a breakout, and a break above 50 day EMA:Nota
Also - Coinbase chart upper trendline updated to match full history chart, also showing a more clear breakout and break above 50 day EMA:Nota
SUKU weekly chart now shows a Chande Kroll Stop crossover:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.