SUI has been trending sharply higher since the beginning of this month and the rally has intensified since last week.
After a 40% rally, one would think that bulls might be a bit exhausted, but it is still going strong. This Monday, the price surged to a critical resistance zone between $1.62 and $1.65 after breaking out of a descending parallel channel. Bears have limited the rebound below this range, but the technicals suggest there is plenty of room above. The RSI is trading in the overbought area and as long as it stays within the upper range, SUI is expected to see a strong breakout. So, the next step for SUI is 1.72, and the bolder ones can see 1.8.
Similar to Sui, TAO has also experienced a similar breakout from a descending parallel channel and printed a large number of bullish candles. The price is only 25% away from the high and is currently testing the resistance of 585.5. It is expected to rise steadily after a brief consolidation, pushing it above $600. The second resistance level is around $620.
You can continue to focus on these two targets in the future!
I am Lao Li, a blogger who focuses on freshness! ! !
It is better to teach a man how to fish than to give him a fish.
Whether a novice or an expert, Biquan investors gain not only financial gains from Lao Li, but also growth in investment knowledge and experience.
In the process of following Lao Li's investment, Lao Li will not only provide investors with market analysis ideas, basic knowledge of market reading, and methods of using various investment tools, but also bring you wonderful fundamental interpretations, chaotic international future trends, and identification of various investment forces.
Let you become both a winner and an expert in investment!
