The analysis focuses on SUIUSD, currently at $1.53, within a local downtrend forming a C wave. The analysis suggests a potential wave 4 bounce, with a plausibility as long as the market stays below $2.21. The analyst tracks a possible ABC structure on the 4H chart, in a wave 4. The analyst says that resistance starts at $1.68, with an ideal target around $1.96. Micro support is located between $1.49 and $1.37 and if that level cannot be defended, the uptrend cannot continue. Analyst states there is a 5 wave move up which has the potential to extend wave A. Analyst states that if the cryptocurrency holds to the $1.37 level then the focus can be on higher prices.