SUI - Bullish times ahead?

8 сент.
SUI has been seeing very bullish action as of late. On the very long timeframe SUI has formed a possible double bottom with an almost full retrace of the last wave up. Creating a possible Low, Higher High and Higher Low structure on a macro-level (see pic1).




When we zoom into the current view, we are holding the range after forming the first higher high on the daily timeframe in weeks. Right now, we are consolidating and probably creating a W-structure with a first broad target between 1.20-1.40$ after price successfully breaks the 1.12$ price (see pic2).




Finally, SUI’s price is also moving within a downward parallel channel after a major pump, meaning this can be considered a Bull Flag (Bullish) (see pic3).




P.S. This is my first post to try things out, sorry if it is still a bit rough around the edges.

Zeddit