Analysis of the #SUI /USDT chart
1. Forecast of price movements (short term, medium term)
Short-Term Forecast: In the short term, the price may face resistance at around $0.95, as seen in the Ichimoku Cloud and EMA levels. The price can fluctuate between $0.80 and $0.95.
Medium Term Forecast: In the medium term, if the price breaks the resistance at $0.95, it may move towards the $1.15 level. Otherwise, a move down to support at $0.65 is possible.
2. Support and resistance levels
Support levels: $0.65, $0.45
Resistance levels: $0.95, $1.15
3. Possible entry, exit, stop loss points for a long position
Entry point (long): Upon breakdown of resistance at $0.95.
Exit point (long): At $1.15.
Stop loss (long): Below the support level at $0.80.
4. Possible entry, exit, stop loss points for short positions
Entry point (shorts): On a rollback from the $0.95 level.
Exit point (shorts): At $0.65.
Stop Loss (short): Above the resistance level at $1.00.
5. Long and short scenario, probability assessment
Long scenario:
Probability: 60%
Causes:
The strong resistance level at $0.95 could be broken through with high buyer activity and positive news.
The EMA and RSI indicators show upward dynamics.
Short scenario:
Probability: 40%
Causes:
Possibility of a rollback from the $0.95 level, especially if there is not enough buying activity.
The Ichimoku Cloud level shows possible resistance at current levels.
Indicators and external factors
Ancored RSI Volume Profile Indicator: Shows that the current interest level is around $0.80-$0.95.
Ichimoku Cloud indicator: Indicates a resistance zone around $0.95.
Parabolic SAR indicator: Supports the long scenario.
EMA indicator: Long-term EMAs (50, 100, 200) show support for growth.
YK Round Levels Indicator: Indicates key resistance and support levels.
RSI indicator: Upward dynamics, but in the overbought zone.
Additional factors
Liquidation HeatMap Chart: Liquidation rates at levels above the current price indicate the possibility of a sharp move.
Exchange reserves and net deposits on exchanges: A decrease in exchange reserves and net deposits indicates a likely decrease in selling pressure.
Capital inflows and large holders: The predominance of capital inflows and large holders.
Growth of active and new addresses: The increase in the number of active and new addresses supports the upward trend.
Trading Volume: Rising trading volume supports the long scenario.
Conclusion
Based on the analysis of the chart and current indicators, the more likely scenario is the long scenario with a probability of about 60%. However, it is recommended to be careful and use stop losses to minimize risks.
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