SUI - SUI/USDT - 1H - Technical analysis published on 01/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.09 USDT
My targets
1.04 USDT (-1.89%)
0.95 USDT (-10.66%)
My analysis
SUI - SUI/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.09 USDT. The next support located at 1.04 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.95 USDT. Below this support, sellers could then target 0.91 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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Additional analysis
Quotes
The SUI - SUI/USDT price is 1.06 USDT. On the day, this instrument lost -9.40% with the lowest point at 1.06 USDT and the highest point at 1.17 USDT. The deviation from the price is 0% for the low point and -9.40% for the high point.1.06
1.17
1.06
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SUI - SUI/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.80 | 0.91 | 1.04 | 1.06 | 1.09 | 1.13 | 1.20 |
| Change (%) | -24.53% | -14.15% | -1.89% | - | +2.83% | +6.60% | +13.21% |
| Change | -0.26 | -0.15 | -0.02 | - | +0.03 | +0.07 | +0.14 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.01 | 1.05 | 1.11 | 1.15 | 1.21 | 1.25 | 1.31 |
| Camarilla | 1.14 | 1.15 | 1.16 | 1.17 | 1.18 | 1.19 | 1.20 |
| Woodie | 1.02 | 1.06 | 1.12 | 1.16 | 1.22 | 1.26 | 1.32 |
| Fibonacci | 1.05 | 1.09 | 1.11 | 1.15 | 1.19 | 1.21 | 1.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.25 | 0.48 | 0.89 | 1.12 | 1.53 | 1.76 | 2.17 |
| Camarilla | 1.11 | 1.17 | 1.23 | 1.29 | 1.35 | 1.41 | 1.47 |
| Woodie | 0.33 | 0.53 | 0.97 | 1.17 | 1.61 | 1.81 | 2.25 |
| Fibonacci | 0.48 | 0.73 | 0.88 | 1.12 | 1.37 | 1.52 | 1.76 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.08 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -17.78 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.12 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 1.12 | |
| Zig ZAG (10): | 1.06 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 6.21 | |
| TEMA (21): | 1.06 | |
| Williams %R (14): | -91.35 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -1.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 12.01 |
| MA7: | 1.22 | |
| MA20: | 1.03 | |
| MA50: | 0.83 | |
| MA100: | 0.67 | |
| MAexp7: | 1.07 | |
| MAexp20: | 1.10 | |
| MAexp50: | 1.14 | |
| MAexp100: | 1.18 | |
| Price / MA7: | -13.11% | |
| Price / MA20: | +2.91% | |
| Price / MA50: | +27.71% | |
| Price / MA100: | +58.21% | |
| Price / MAexp7: | -0.93% | |
| Price / MAexp20: | -3.64% | |
| Price / MAexp50: | -7.02% | |
| Price / MAexp100: | -10.17% |
Quotes :
-
Real time data
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Cryptocompare
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