@morecryptoonline
YouTube
Avg. Quality
71
Success Rate
26.78
Analysis
1307
Correct
350
Fail
872
Pending
85
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
SUIUSDT
Short Entry
1.5803
2025-12-13
06:02 UTC
Target
1.0700
Fail
1.7700
Risk/Reward
1 : 3
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The SUIUSD market is exhibiting an indecisive, complex pattern, characteristic of a wave four consolidation. On the daily timeframe, price action suggests SUIUSD is within a wave four corrective phase. Such corrections are typically convoluted, leading to reduced volatility and clear directional bias. The price is currently maintaining levels above the crucial $1.40 support, which aligns with both the 100% extension and the 50% Fibonacci retracement levels. A significant resistance zone is identified between $1.67 and $2.21. Should this resistance persist, further downside is anticipated, potentially extending into a wave five of C of B, with projected Fibonacci extension targets around $1.07 (123.6%), $0.91 (138.0%), and $0.69 (161.80%). An inferred target of $1.07 for a potential downside move, aligning with the 123.6% Fibonacci extension, is considered the first significant level. On the hourly timeframe, the market is engaged in a sideways consolidation. A three-wave upward movement concluded on December 3rd, and the subsequent decline from the December 9th swing high does not present an impulsive five-wave structure. This reinforces the ongoing corrective nature. Key short-term support is observed between $1.39 and $1.52. A potential WXY structure, with the Y wave unfolding as an ABC, is a plausible scenario for the B-wave pullback within this consolidation. The primary short-term resistance lies between $1.72 and $1.76. A sustained breach above $1.77 would invalidate the immediate bearish outlook and signal an upward movement.