SUI/USDT – Two Scenarios in Play: Impulse or Ending Diagonal?
SUI is at a key decision point on the 4H chart. The current structure may either be:
a classic impulse wave, with wave (5) still incomplete, or
a bearish ending diagonal, suggesting the uptrend is losing strength.
If this is an impulse, price could continue toward the upper boundary of the wedge to complete wave (5).
However, if this is an ending diagonal, a sharp breakdown could target the support zone around $2.93, near wave (2).
📌 Stay cautious until a breakout or breakdown confirms the direction.
🕰️ Timeframe: 4H (Binance)
📉 Key support: $2.93
a classic impulse wave, with wave (5) still incomplete, or
a bearish ending diagonal, suggesting the uptrend is losing strength.
If this is an impulse, price could continue toward the upper boundary of the wedge to complete wave (5).
However, if this is an ending diagonal, a sharp breakdown could target the support zone around $2.93, near wave (2).
📌 Stay cautious until a breakout or breakdown confirms the direction.
🕰️ Timeframe: 4H (Binance)
📉 Key support: $2.93
Trade closed: target reached
💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.