✴️ Sui Short-Term | Cup & Handle

Jun 25, 2023

We have a classic pattern on this chart and that's the "Cup & Handle".

SUIUSDT is new and so the chart is too young for me to share a comprehensive analysis.

Using the little data that we have available, we can still see this pair following suit with the rest of the Cryptocurrency market and moving up.

The major drop would be the cup of the pattern with the last three days forming the handle.

We can see how yesterday prices stopped perfectly at the 0.382 Fib. extension level. Still early, but today we see green.

There is potential for this pair to go higher.
The "handle" can extend but it is more likely that Sui will join the rest of the Altcoins and move ahead.

The entire space went through a long correction phase, it lasted months, now that the bulls got away from the bears, they won't stop this fast, the market has more to give... See it yourself, see it go up.

Namaste.