SUI - SUI/USDT - 1H - Technical analysis published on 10/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.74 USDT
My targets
1.66 USDT (-2.92%)
1.61 USDT (-5.85%)
My analysis
The strong short-term decline of SUI - SUI/USDT reinforces the current slightly bearish trend. As long as the price remains below 1.74 USDT, you could take advantage of this bearish acceleration. The first bearish objective is located at 1.66 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.61 USDT as an objective. Crossing it would then enable sellers to target 1.50 USDT. A return to above 1.74 USDT would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.5
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This analysis was given by Mayvenate. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SUI - SUI/USDT rating is 1.71 USDT. The price is lower by -3.39% since the last closing with the lowest point at 1.67 USDT and the highest point at 1.93 USDT. The deviation from the price is +2.40% for the low point and -11.40% for the high point.1.67
1.93
1.71
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SUI - SUI/USDT chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.50 | 1.61 | 1.66 | 1.71 | 1.74 | 1.79 | 1.85 |
| Change (%) | -12.28% | -5.85% | -2.92% | - | +1.75% | +4.68% | +8.19% |
| Change | -0.21 | -0.10 | -0.05 | - | +0.03 | +0.08 | +0.14 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.56 | 1.63 | 1.70 | 1.77 | 1.84 | 1.91 | 1.98 |
| Camarilla | 1.73 | 1.74 | 1.76 | 1.77 | 1.78 | 1.80 | 1.81 |
| Woodie | 1.56 | 1.63 | 1.70 | 1.77 | 1.84 | 1.91 | 1.98 |
| Fibonacci | 1.63 | 1.68 | 1.72 | 1.77 | 1.82 | 1.86 | 1.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.11 | 1.26 | 1.48 | 1.63 | 1.85 | 2.00 | 2.22 |
| Camarilla | 1.59 | 1.62 | 1.66 | 1.69 | 1.72 | 1.76 | 1.79 |
| Woodie | 1.14 | 1.28 | 1.51 | 1.65 | 1.88 | 2.02 | 2.25 |
| Fibonacci | 1.26 | 1.41 | 1.49 | 1.63 | 1.78 | 1.86 | 2.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.05 | 0.34 | 1.06 | 1.45 | 2.17 | 2.56 | 3.28 |
| Camarilla | 1.47 | 1.57 | 1.67 | 1.77 | 1.87 | 1.97 | 2.08 |
| Woodie | 0.11 | 0.42 | 1.22 | 1.53 | 2.33 | 2.64 | 3.44 |
| Fibonacci | 0.34 | 0.77 | 1.03 | 1.45 | 1.88 | 2.14 | 2.56 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 31.75 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -15.07 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.90 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 1.91 | |
| Zig ZAG (10): | 1.69 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 21.87 | |
| TEMA (21): | 1.80 | |
| Williams %R (14): | -99.37 | |
| Chande Momentum Oscillator (20): | -0.21 | |
| Repulse (5,40,3): | -9.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 4.25 |
| MA7: | 1.70 | |
| MA20: | 1.44 | |
| MA50: | 1.10 | |
| MA100: | 0.93 | |
| MAexp7: | 1.79 | |
| MAexp20: | 1.82 | |
| MAexp50: | 1.80 | |
| MAexp100: | 1.75 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +18.75% | |
| Price / MA50: | +55.45% | |
| Price / MA100: | +83.87% | |
| Price / MAexp7: | -4.47% | |
| Price / MAexp20: | -6.04% | |
| Price / MAexp50: | -5.00% | |
| Price / MAexp100: | -2.29% |
Quotes :
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Real time data
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