The Trust Layer for Market Analysts

The analysis reviews the SUI/USD chart, noting a reaction within a support region between $2.65 and $3.17. The current price is around $3.61. A complex WXY structure might be complete, though a new low can't be ruled out. Key Fibonacci levels are $2.94 and $2.64. The market moved from Fibonacci support toward the upper boundary of a price channel, around $3.80 in the short term. It's viewed as potentially beginning a breakout in a third wave, but more confirmation is needed. It is needed a five-wave move upwards. The analyst is watching for 5 waves to form a local upward trend, but it may fail. Potential targets include $3.72, $3.80, $3.88. The Fibonacci support should be held. Otherwise watch $3.42 as next fib support.