📉 SUI/USDT Update – Bearish Structure Confirmed
Yesterday, we shared a bearish outlook for SUI from the $4.2 region, anticipating a potential rejection from that key supply zone. Since then, price has respected the resistance and shown early signs of weakness.
Here’s what we’re seeing now:
🔹 Elliott Wave Perspective
Price seems to be completing a Wave C of a larger Zigzag structure.
This upward move is forming an Ending Diagonal (ED)—a terminal pattern usually marking exhaustion.
The diagonal is weakening near the top of a multi-month resistance, adding confluence to the bearish setup.
A break below the lower channel could trigger a deeper correction toward:
$3.35 (first support)
$3.00 (major structural demand)
🔸 ICT / Smart Money Outlook
Price swept the liquidity above previous highs (~$4.2), creating a buy-side liquidity grab.
A Bearish Order Block is active around $4.05–$4.15.
📊 Analysis by @CryptoPilotAI
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Signs of a Market Structure Shift are emerging as lower highs begin forming.
Watch for price to revisit the Fair Value Gap (FVG) near $3.65–$3.35, a likely target for rebalancing inefficiency.
✅ Conclusion
Unless bulls reclaim $4.15 with strength, this looks like a distribution phase with downside continuation expected.
📌 Short Bias Active – Waiting for channel break and confirmation.
Yesterday, we shared a bearish outlook for SUI from the $4.2 region, anticipating a potential rejection from that key supply zone. Since then, price has respected the resistance and shown early signs of weakness.
Here’s what we’re seeing now:
🔹 Elliott Wave Perspective
Price seems to be completing a Wave C of a larger Zigzag structure.
This upward move is forming an Ending Diagonal (ED)—a terminal pattern usually marking exhaustion.
The diagonal is weakening near the top of a multi-month resistance, adding confluence to the bearish setup.
A break below the lower channel could trigger a deeper correction toward:
$3.35 (first support)
$3.00 (major structural demand)
🔸 ICT / Smart Money Outlook
Price swept the liquidity above previous highs (~$4.2), creating a buy-side liquidity grab.
A Bearish Order Block is active around $4.05–$4.15.
📊 Analysis by @CryptoPilotAI
🔔 Follow for more smart market updates.
Signs of a Market Structure Shift are emerging as lower highs begin forming.
Watch for price to revisit the Fair Value Gap (FVG) near $3.65–$3.35, a likely target for rebalancing inefficiency.
✅ Conclusion
Unless bulls reclaim $4.15 with strength, this looks like a distribution phase with downside continuation expected.
📌 Short Bias Active – Waiting for channel break and confirmation.
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🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
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.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
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.