15M - “Momentum” Momentum RSI: Current RSI 52.07 → Decreasing from overbought area Minor Support: 129.50 - 130.00
5M - “Execution” Chart Pattern: Triple Top Breakout: Breakout with full candle Retest: Price has retested to the triple top neckline area Entry: There is an evening doji star pattern in the retest area
Entry Setup: SHORT Entry: 133.37 Stop Loss: 136.50 Take Profit 1: 129.00 - 130.00 Take Profit 2: 124.00 - 125.00
Here is an analysis of the SUI/USDT chart on the 1-hour timeframe:
1. Current Trend General Trend: Consolidation with bearish pressure is dominant. The price is below the EMA 10, 20, and 50, indicating bearish momentum in the short term.
Price Range: The price is moving in a narrow range between 4.12 (local support) and 4.18 (local resistance).
2. EMA Indicator (50, 20, 10) EMA 10 and 20 are showing a decline, indicating that the short-term trend is still bearish.
EMA 50 is a dynamic resistance that has not been penetrated by the price.
3. RSI Indicator (14) RSI is at 42.21, approaching the oversold area. This shows that selling pressure is quite dominant, but the potential for a reversal or upward correction remains if the RSI starts to rise above 50.
4. Support and Resistance Levels Support: 4.10 – Key support that is a strong foothold.
If the price falls below 4.10, there is potential towards 4.00.
Resistance: 4.18–4.20 – The first resistance around the 50 EMA.
4.25 – The next stronger resistance if a breakout occurs.
5. Potential Scenarios Bullish (Long): Entry: If the price manages to breakout 4.18 with a strong bullish candle and large volume.
$SOL /USDT - #bullish Based on the $SOL /USDT chart with a 4-hour timeframe, here is a technical analysis of Solana (SOL) price movements this week:
1. Current Price: Currently at $196.56
2. EMA Indicator: The chart shows the use of the GTA Trend Filter EMA (50, 20, 10). Currently, the price seems to have successfully penetrated or is above the short-term EMA, indicating bullish potential.
If the EMA 10 (short-term) remains above the EMA 20 and EMA 50, this could be a signal that the uptrend is still continuing.
3. RSI Indicator: RSI is at level 59, approaching the neutral to bullish area. This indicates positive momentum, but is still not overbought (above 70).
There is still room for the price to go higher without significant corrective pressure.
4. Trend and Support/Resistance: Nearest support: $190, which also serves as a bounce area if the price corrects.
Nearest resistance: $200-$205, which are important psychological and technical levels.
5. This Week's Scenario: Bullish: If the price stays above the 10 EMA and 20 EMA, SOL is likely to try to break through the $200-$205 level.
Bearish: If it fails to maintain the 20 EMA or experiences rejection at resistance, the price could retest the $190 support.
Based on the $SUI /USDT chart with a 4-hour timeframe:
1. Current Price: Currently at 4.2266 with a small increase of +0.32%.
2. RSI (Relative Strength Index): The RSI value is around 48.67, approaching the neutral level of 50.
RSI shows that SUI has not entered the overbought (>70) or oversold (<span area, so the potential for price movement can be up or down depending on market momentum.
3. Price Trend: There is consolidation after the previous decline.
The candlestick pattern shows the potential for a small rebound, but is still weak to confirm the bullish trend.
4. Resistance and Support: The nearest resistance is around 4.50. Strong support is seen in the 4.00 area.
Prediction for This Week: If the price manages to break through the resistance at 4.50, it is likely to continue the uptrend towards 4.75 or higher.
If the price falls below 4.00, it could test the next support at 3.80.
Given that the RSI is neutral, it is advisable to wait for confirmation of the trend direction (breakout/breakdown).
Always make sure to consider the overall market sentiment and use stop-loss in trading.