$SUI ALL EYES ON SUI 🤩🤩✨️✨️🤑🤑💥

In the above chart, Sui (SUI) laid out a descending trianglel patternThe descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern.

As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

At the time of analysis, the price of Sui (SUI) was recorded at $1.14 If the pattern trend continues, then the price of SUI might reach the resistance levels of $1.1848, and $2.1801. If the trend reverses, then the price of SUI may fall to the support of $0.8959.

#Megadrop #ETHETFsApproved #altcoins #BinanceLaunchpool #Write2Earn