SUKU could see 75% here, >200% if breakout
Updated
Quick post - SUKU is at the bottom of a daily chart falling wedge. OBV has been rising throughout its entire drop since first being listed on Coinbase.
A move from here towards top of wedge could easily do 65-75%, and a falling wedge breakout could lead to significantly more ~260-280%. much more if we see continuation following if such a move were to occur.
A move from here towards top of wedge could easily do 65-75%, and a falling wedge breakout could lead to significantly more ~260-280%. much more if we see continuation following if such a move were to occur.
Trade closed: target reached
Target reached, that was fast - same day 75%:Will continue to update though, I don't think this one is done yet, let's see if we hit the yellow TP 1 and 2 now that we've broken above the wedge - requires that we remain above the wedge.
Comment
Update on the potential for an extended move (following closure on the trade above) - we might be done here, overnight fell below the wedge and hasn't managed to get back above it, but to be more certain of this, it would be good to see how the daily closes later today, first - volume is still favoring buys overall, 24h volume is way up, above 70% its marketcap, but this could mean sellers coming in following the 75% move up from its new ATL in a single day:Comment
Attempting to breakout again, let's see:Comment
Update - still awaiting move to 11 and then ~13.5, first need to get and hold above the 200 day EMA (around 9 cents):
Disclaimer
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.