$SUI Wave 3 to Continue with a Strong Weekly Close

SUI printed a great weekly candle that will be closing today above the weekly pivot point with RSI trying to flip bullishly.

Price found support at 0.5 Fibonacci retracement and High Volume Node.

Wave 4 penetrated wave 1 which we potentially have a ending or leading diagonal Elliot Wave count limiting the potential upside with my current terminal target being around $10-13. Wave 4 could also actually be another wave 2 which would give us ridiculous targets but this is my preferred count for now.

Safe trading