📌 Pattern Overview
SUI is currently forming a Bullish Flag pattern, which consists of:
Flagpole: the strong rally from June–July that pushed the price significantly higher.
Flag: a downward-sloping consolidation channel (descending channel) since August.
This pattern typically indicates a healthy pause after a strong uptrend, often followed by another bullish continuation.
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🔍 Technical Analysis
Current Price: $3.58.
Upper flag line (resistance): around $3.89–$3.90.
Lower flag line (support): around $2.80.
Key horizontal levels: $3.89 → $4.32 → $5.29/$5.37 (previous high).
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📈 Bullish Scenario (Valid Flag Breakout)
Confirmation: A breakout above the upper flag line with a strong 2D candle close and rising volume.
Flagpole projection target:
Previous flagpole measured from ~$2.0 → ~$5.3 = ~$3.3 move.
Breakout above ~$3.9 projects a target near $7.0 – $7.2.
Upside targets (step by step):
Target 1: $3.89 (first resistance).
Target 2: $4.32 (mid resistance).
Target 3: $5.29–$5.37 (previous top).
Extended target: $7.0 (flagpole projection).
Stop-loss: Below the breakout point or below the lower flag line (~$2.80).
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📉 Bearish Scenario (Failed Flag)
Confirmation: Rejection at the upper flag line, or a breakdown below the channel.
Downside targets:
$2.80 (intra-flag support).
$2.20 → $1.72 (major support levels).
Extended target near $1.28 if a full breakdown occurs and the flag invalidates.
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⚖️ Extra Confirmations
1. Volume: Breakout should be accompanied by a clear volume spike.
2. RSI: A move above 50–60 strengthens the bullish case.
3. MACD: Bullish crossover supports momentum continuation.
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🎯 Conclusion
SUI is consolidating inside a Bullish Flag, a classic continuation pattern. A confirmed breakout could trigger a move towards $5.37, with an extended upside target near $7.0. Failure to break out, however, would bring price back to supports around $2.80 – $1.72.
Traders should wait for confirmation via candle close and volume before entering, and maintain strict risk management in case of pattern failure.
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#SUI #SUIUSDT #Crypto #Altcoins #TechnicalAnalysis #BullishFlag #Breakout #PriceAction #CryptoTrading
SUI is currently forming a Bullish Flag pattern, which consists of:
Flagpole: the strong rally from June–July that pushed the price significantly higher.
Flag: a downward-sloping consolidation channel (descending channel) since August.
This pattern typically indicates a healthy pause after a strong uptrend, often followed by another bullish continuation.
---
🔍 Technical Analysis
Current Price: $3.58.
Upper flag line (resistance): around $3.89–$3.90.
Lower flag line (support): around $2.80.
Key horizontal levels: $3.89 → $4.32 → $5.29/$5.37 (previous high).
---
📈 Bullish Scenario (Valid Flag Breakout)
Confirmation: A breakout above the upper flag line with a strong 2D candle close and rising volume.
Flagpole projection target:
Previous flagpole measured from ~$2.0 → ~$5.3 = ~$3.3 move.
Breakout above ~$3.9 projects a target near $7.0 – $7.2.
Upside targets (step by step):
Target 1: $3.89 (first resistance).
Target 2: $4.32 (mid resistance).
Target 3: $5.29–$5.37 (previous top).
Extended target: $7.0 (flagpole projection).
Stop-loss: Below the breakout point or below the lower flag line (~$2.80).
---
📉 Bearish Scenario (Failed Flag)
Confirmation: Rejection at the upper flag line, or a breakdown below the channel.
Downside targets:
$2.80 (intra-flag support).
$2.20 → $1.72 (major support levels).
Extended target near $1.28 if a full breakdown occurs and the flag invalidates.
---
⚖️ Extra Confirmations
1. Volume: Breakout should be accompanied by a clear volume spike.
2. RSI: A move above 50–60 strengthens the bullish case.
3. MACD: Bullish crossover supports momentum continuation.
---
🎯 Conclusion
SUI is consolidating inside a Bullish Flag, a classic continuation pattern. A confirmed breakout could trigger a move towards $5.37, with an extended upside target near $7.0. Failure to break out, however, would bring price back to supports around $2.80 – $1.72.
Traders should wait for confirmation via candle close and volume before entering, and maintain strict risk management in case of pattern failure.
---
#SUI #SUIUSDT #Crypto #Altcoins #TechnicalAnalysis #BullishFlag #Breakout #PriceAction #CryptoTrading
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。