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Sui Breakdown Move To $3.5 Is Now Imminent
$SUI Breakdown Move To $3.5 Is Now Imminent
Sui is breaking down at the time of this writing and is holding a key area of support at $4.0. This move is also obeying the Elliot waves.
From the lows made back in 2023 we started a rally that peaked in an Elliot wave 1. Then we saw a retrace in a wave 2. Started a bounce in a wave 3 which has now given us new ATH at $5.40.
A wave 4 is now imminent after the wave 3. Targets for the wave 3 lie between $3.53 -$2.9264. I expect sui to fully maximise these area give us a low in the wave 4 before we can rally again impulsively in a wave 5.
This breakdown scenario can only get invalidated in case we get a break above ATH again.
Sui is breaking down at the time of this writing and is holding a key area of support at $4.0. This move is also obeying the Elliot waves.
From the lows made back in 2023 we started a rally that peaked in an Elliot wave 1. Then we saw a retrace in a wave 2. Started a bounce in a wave 3 which has now given us new ATH at $5.40.
A wave 4 is now imminent after the wave 3. Targets for the wave 3 lie between $3.53 -$2.9264. I expect sui to fully maximise these area give us a low in the wave 4 before we can rally again impulsively in a wave 5.
This breakdown scenario can only get invalidated in case we get a break above ATH again.
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