SUIUSDT stopped to rest on the weekly timeframe, this is not good. In March we saw the same and what followed was a strong correction.
➖ First there was a TOP. The start of the bearish impulse produced two red candles. One week was of rest and then a bearish continuation happened.
➖ Right now the same price pattern is repeating. We have a top, the start of a bearish impulse with two red candles and last week closed green (rest). What comes next is very likely a bearish continuation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.