SUI - SUI/USD - 1H - Technical analysis published on 11/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 3.43 USD
My targets
3.49 USD (+0.87%)
3.55 USD (+2.60%)
My analysis
A bullish trend on SUI - SUI/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 3.43 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 3.49 USD. Then the price could move towards 3.55 USD. Then 3.66 USD by extension. Be careful, a return below 3.43 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SUI - SUI/USD price is 3.46 USD. The price registered an increase of +0.58% on the session and was between 3.36 USD and 3.47 USD. This implies that the price is at +2.98% from its lowest and at -0.29% from its highest.3.36
3.47
3.46
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SUI - SUI/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.15 | 3.27 | 3.43 | 3.46 | 3.49 | 3.55 | 3.66 |
| Change (%) | -8.96% | -5.49% | -0.87% | - | +0.87% | +2.60% | +5.78% |
| Change | -0.31 | -0.19 | -0.03 | - | +0.03 | +0.09 | +0.20 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | 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 | 3.08 | 3.24 | 3.34 | 3.50 | 3.60 | 3.76 | 3.86 |
| Camarilla | 3.37 | 3.39 | 3.42 | 3.44 | 3.46 | 3.49 | 3.51 |
| Woodie | 3.05 | 3.23 | 3.31 | 3.49 | 3.57 | 3.75 | 3.83 |
| Fibonacci | 3.24 | 3.34 | 3.40 | 3.50 | 3.60 | 3.66 | 3.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.59 | 2.96 | 3.20 | 3.57 | 3.81 | 4.18 | 4.42 |
| Camarilla | 3.27 | 3.33 | 3.38 | 3.44 | 3.50 | 3.55 | 3.61 |
| Woodie | 2.53 | 2.93 | 3.14 | 3.54 | 3.75 | 4.15 | 4.36 |
| Fibonacci | 2.96 | 3.19 | 3.34 | 3.57 | 3.80 | 3.95 | 4.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.82 | 1.21 | 1.59 | 1.98 | 2.36 | 2.75 | 3.13 |
| Camarilla | 1.76 | 1.83 | 1.90 | 1.97 | 2.04 | 2.11 | 2.18 |
| Woodie | 0.82 | 1.21 | 1.59 | 1.98 | 2.36 | 2.75 | 3.13 |
| Fibonacci | 1.21 | 1.50 | 1.69 | 1.98 | 2.27 | 2.46 | 2.75 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.10 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 1.79 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 3.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.36 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 3.51 | |
| Zig ZAG (10): | 3.45 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 79.92 | |
| TEMA (21): | 3.42 | |
| Williams %R (14): | -11.26 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 1.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.04 |
| MA7: | 3.41 | |
| MA20: | 3.46 | |
| MA50: | 2.62 | |
| MA100: | 1.95 | |
| MAexp7: | 3.44 | |
| MAexp20: | 3.43 | |
| MAexp50: | 3.44 | |
| MAexp100: | 3.43 | |
| Price / MA7: | +1.47% | |
| Price / MA20: | -0% | |
| Price / MA50: | +32.06% | |
| Price / MA100: | +77.44% | |
| Price / MAexp7: | +0.58% | |
| Price / MAexp20: | +0.87% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.87% |
Quotes :
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Real time data
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