🚨Elliott Wave Count: #SUI Wave 4 corrective
It appears to be in the final phase of the trend. Here, the price is forming a Contracting Triangle with the points (a)-(b)-(c)-(d)-(e).
99 After this triangle is completed, a large price increase can be expected as Wave.
99Support Levels: The price is currently building strong support in the $1.30-$1.50 area.
99Red Circle (Entry): Your red circle indicates the moment when the price breaks the upper trendline (b-d line) of the Triangle and goes up.
99 This is considered a breakout confirmation, and taking an entry here reduces the risk of getting caught in a fake-out.
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SUI
1.7274
+5.00%