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SUKUSUKUSUKU
#700#700#700

SUKU

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SUKUUSD trade ideas

SUKUUSD 12/6/2024SUKUUSD Daily Chart Analysis • Previous Price Action: o A significant top for SUKUUSD was established in April 2024. o Following the top, the price tumbled through August 2024 before finding a bottom. o From August to November 2024, the price moved sideways, signaling a potential accumulation phase. • Breakout Confirmation: o The accumulation phase was confirmed with an upward breakout accompanied by a spike in volume and momentum. o In late November 2024, the price formed a bull flag pattern. o The bull flag breakout has been confirmed, with several daily closes above the flag's top, solidifying the bullish trend. • Momentum Indicators: o The MACD is firmly in bullish territory, supporting continued upward momentum. o The price is consistently supported by the 10 EMA, indicating a strong bullish trend. • Broader Market Context: o With BTC making strides toward new all-time highs, SUKUUSD's bullish setup is further reinforced, making this trade even more favorable. Trade Setup (Long): • Entry: 0.1139 • Stop Loss: 0.0883 (-22.48%) • Target #1: 0.1918 (+68.39%, 3.04 RR ratio) • Target #2: 0.2679 (+135.21%, 6.02 RR ratio) This trade capitalizes on SUKUUSD's confirmed accumulation breakout, strong technical indicators, and a favorable macro context with BTC leading the crypto market higher.
COINBASE:SUKUUSDLong
by rudcharts
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COINBASE:SUKUUSDEducation
by Hollywood260AB
13
SUKU - Breaking Out 🚀🚀🚀SUKU joins pump club today - up 50% already today. This is a great low rank coin (currently #794) that has been drifting for some time in accumulation. And in the end, this one was a textbook Wyckoff Accumulation as shown on the chart. This week candle still has 5 days to go but it looks like it will be the first one with a candle body close above Accumulation Resistance. And so it would appear that SUKU is now entering Mark Up (bull market) phase of the cycle. This one is a rarity to have such a tidy accumulation, be so low rank and also available on the top exchange; Coinbase. I've given some great calls to TradingView but I can't give all of them in prime position. That said, this is probably just the beginning for SUKU 🚀. There are still many great buys, this market is still young 👍🏻. Not advice
COINBASE:SUKUUSDLong
by dRends35
24
Suku to 10-11 cents?Suku broke out of a falling wedge here. Earlier charts I've posted were expecting 10-11 cents, even up to 13-15. Let's see if it finally gets there after the long consolidation from its move up earlier in the year, in January. Some confluence from the OBV indicator to support this - on balance volume has been consistently rising throughout the consolidation within the wedge. Note that last time OBV was at this level, back in January, was when we saw the last larger move up. Going against this - DXY may be in for a strong move up soon. It could be delayed or even move down instead, but if it gets a strong move up, I imagine this is going down, or at least not going much further beyond the previously mentioned targets. This applies to pretty much everything right now:
COINBASE:SUKUUSDLong
by dudebruhwhoa
1
Bull FlagSuku has formed a nice bull flag here after breaking out of its falling wedge. Confluence: Golden cross on the 50/200 day MA (dotted), and has been sitting in between the 50 and 200 day EMA for 40 straight days now, and is one of few in the crypto market that has yet to break above its 200 day EMA. Targets remain the same as on my previous post. We could even see 15 cent area near the 200 day SMMA since this has been dragging out so long. Previous posts are here and here: Higher targets near 15.6, but awaiting channel break: Original falling wedge post: Long-term, but long-shot hopium chart:
COINBASE:SUKUUSDLong
by dudebruhwhoa
2
Another way to look at SUKUPreviously posted a falling wedge pattern. After breaking out of that wedge, it has formed a parallel channel (non-log chart). I think there's a good chance we get a channel breakout as well, which would move previous falling wedge targets up a bit. Why a good chance? SUKU has a golden cross on the 50/200 day MA (dotted lines), and is currently sitting between the 50/200 day EMA (solid). It has so far failed to drop below both the 200 day MA and the 50 EMA since moving above it. Continue to do so and we'll get our channel breakout soon. Falling wedge's previous TP 2 was around 13.3 cents. Channel's TP 1 is around 13 cents, so that target still remains relevant. However, now we have a TP 2 from the channel break around 15.6 cents. Previous falling wedge idea shown below, which remains in play as well:
SLong
by dudebruhwhoa
2