š $SUI Market Update ā Trend Intact Above $3.44 š
š Current Structure:
Clear 5-wave rally from August low ā Diagonal pattern with wave 4 overlap acceptable.
Target zone $4.48 (61.8% Fib extension) reached ā pullback underway.
š Two Bullish Scenarios:
1ļøā£ Yellow Count (ABC Structure):
Wave A: 5-wave move up complete.
Wave B: Pullback into $3.44 ā $3.80 support.
Wave C: Target $4.78 ā $5.30.
2ļøā£ Blue Count (Accelerated Path):
B-wave may have already bottomed at Aug 12 low.
Break above $4.18 = direct push toward $4.78 ā $5.30 without deep pullback.
š” Key Support:
$3.44 ā Must hold to keep bullish structure intact.
$3.80 ā Upper bound of ideal pullback zone.
š Bullish Trigger:
Break above $4.18 with strong momentum ā higher targets likely reached sooner.
ā Summary:
Both scenarios point higher; difference is whether we get a shallow pullback or direct breakout.
Watch Bitcoin & other alts for confirmation signals.