SUI - SUI/USDT

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Type:	Cryptocurrencies
Ticker:	SUIUSDT
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SUI - SUI/USDT - Daily - Technical analysis published on 01/29/2024 (GMT)

2134
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Timeframe : Daily
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 1.37 USDT

My targets

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SUI - SUI/USDT as long as the price remains well above 1.37 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SUI - SUI/USDT rating 1.52 USDT. The price has increased by +14.29% since the last closing and was between 1.33 USDT and 1.54 USDT. This implies that the price is at +14.29% from its lowest and at -1.30% from its highest.

1.33

1.54

1.52

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this SUI - SUI/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.91	1.06	1.37	1.52
Change (%)	-40.13%	-30.26%	-9.87%	-
Change	-0.61	-0.46	-0.15	-
Level	Minor	Major	Intermediate	-

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.08	1.20	1.26	1.38	1.44	1.56	1.62
Camarilla	1.28	1.30	1.31	1.33	1.35	1.36	1.38
Woodie	1.06	1.19	1.24	1.37	1.42	1.55	1.60
Fibonacci	1.20	1.27	1.31	1.38	1.45	1.49	1.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.62	0.82	1.10	1.30	1.58	1.78	2.06
Camarilla	1.26	1.30	1.35	1.39	1.43	1.48	1.52
Woodie	0.67	0.84	1.15	1.32	1.63	1.80	2.11
Fibonacci	0.82	1.00	1.11	1.30	1.48	1.59	1.78

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.23	0.39	0.59	0.75	0.95	1.11	1.31
Camarilla	0.68	0.71	0.75	0.78	0.81	0.85	0.88
Woodie	0.24	0.40	0.60	0.76	0.96	1.12	1.32
Fibonacci	0.39	0.53	0.62	0.75	0.89	0.98	1.11

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	64.56
MACD (12,26,9):	0.1300
Directional Movement:	14.03
AROON (14):	35.71
DEMA (21):	1.37
Parabolic SAR (0,02-0,02-0,2):	1.06
Elder Ray (13):	0.14
Super Trend (3,10):	0.97
Zig ZAG (10):	1.47
VORTEX (21):	1.1800
Stochastique (14,3,5):	81.20
TEMA (21):	1.40
Williams %R (14):	-3.75
Chande Momentum Oscillator (20):	0.18
Repulse (5,40,3):	10.8200
ROCnROLL:	1
TRIX (15,9):	1.6700
Courbe Coppock:	27.99

MA7:	1.33
MA20:	1.22
MA50:	0.94
MA100:	0.75
MAexp7:	1.34
MAexp20:	1.21
MAexp50:	1.01
MAexp100:	0.84
Price / MA7:	+14.29%
Price / MA20:	+24.59%
Price / MA50:	+61.70%
Price / MA100:	+102.67%
Price / MAexp7:	+13.43%
Price / MAexp20:	+25.62%
Price / MAexp50:	+50.50%
Price / MAexp100:	+80.95%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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