SUI - SUI/USDT - 1H - Technical analysis published on 01/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 1.13 USDT
My targets
1.09 USDT (-1.80%)
1.04 USDT (-6.31%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.13 USDT remains possible. It is advisable to trade SUI - SUI/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.13 USDT. The next bearish objective for sellers is set at 1.09 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.04 USDT. In case of crossing, the next objective would be the support located at 0.91 USDT. PS: if there is a bullish break in the resistance located at 1.13 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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Additional analysis
Quotes
The SUI - SUI/USDT price is 1.11 USDT. The price has increased by +0.91% since the last closing and was traded between 1.08 USDT and 1.13 USDT over the period. The price is currently at +2.78% from its lowest and -1.77% from its highest.1.08
1.13
1.11
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of SUI - SUI/USDT in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.91 | 1.04 | 1.09 | 1.11 | 1.13 | 1.20 | 1.28 |
| Change (%) | -18.02% | -6.31% | -1.80% | - | +1.80% | +8.11% | +15.32% |
| Change | -0.20 | -0.07 | -0.02 | - | +0.02 | +0.09 | +0.17 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Minor |
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 | 0.94 | 1.00 | 1.05 | 1.11 | 1.16 | 1.22 | 1.27 |
| Camarilla | 1.07 | 1.08 | 1.09 | 1.10 | 1.11 | 1.12 | 1.13 |
| Woodie | 0.94 | 1.00 | 1.05 | 1.11 | 1.16 | 1.22 | 1.27 |
| Fibonacci | 1.00 | 1.04 | 1.07 | 1.11 | 1.15 | 1.18 | 1.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.57 | 0.81 | 0.96 | 1.20 | 1.35 | 1.59 | 1.74 |
| Camarilla | 0.99 | 1.03 | 1.06 | 1.10 | 1.14 | 1.17 | 1.21 |
| Woodie | 0.52 | 0.79 | 0.91 | 1.18 | 1.30 | 1.57 | 1.69 |
| Fibonacci | 0.81 | 0.96 | 1.05 | 1.20 | 1.35 | 1.44 | 1.59 |
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): | 47.76 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.72 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.07 | |
| Elder Ray (13): | -0 | |
| Super Trend (3,10): | 1.12 | |
| Zig ZAG (10): | 1.10 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 62.67 | |
| TEMA (21): | 1.11 | |
| Williams %R (14): | -39.45 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 5.16 |
| MA7: | 1.21 | |
| MA20: | 1.04 | |
| MA50: | 0.84 | |
| MA100: | 0.68 | |
| MAexp7: | 1.10 | |
| MAexp20: | 1.10 | |
| MAexp50: | 1.12 | |
| MAexp100: | 1.16 | |
| Price / MA7: | -8.26% | |
| Price / MA20: | +6.73% | |
| Price / MA50: | +32.14% | |
| Price / MA100: | +63.24% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | -0.89% | |
| Price / MAexp100: | -4.31% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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