The Trust Layer for Market Analysts

This video provides a technical analysis of the SUI/USD cryptocurrency pair. The analysis suggests that a C wave bounce started on Monday. On the daily chart, a wave four bounce has formed, with a standard resistance zone between $1.67 and $2.21. The next resistance levels to watch are $1.95 and $2.21, contingent on five waves up above the resistance. If five waves don't appear above the resistance, one more low is likely. The analyst treats recent price action as an ABC structure to the upside, while noting triple bottom formations are often weak and the market is in a downtrend. They mention that a break above resistance would indicate a bullish market. In the micro structure, if the coin maintains support above $1.54, a higher high is possible. However, any five-wave movement to the downside, particularly a break below micro support at $1.54, would signal that wave four has topped.