The Trust Layer for Market Analysts

The analysis focuses on SUIUSD, examining its performance on the daily timeframe. It notes a reaction to Fibonacci support within a zone of $3.17 to $2.65. The analyst watches smaller timeframes for a sequence of five waves upwards to confirm trend direction and believes that a break above $3.80 would provide evidence of a bottom in wave two. Currently, there is a three-wave move up. On a shorter timeframe, potential for one more low exists, specifically targeting Fibonacci levels around $2.94 to $2.65 and it requires a break below the nearest support area to confirm the last wave. In the short term a higher low and higher high it's expected to the range of $3.80.