SUNUSDT is bullish if resistance is penetrated
SUNUSDT is fighting with the down slanted resistance and if penetrated with decent volume, then it is a breakout. It has finished wave cycle 1 and hopefully retracement has reached its final point where C is highlighted. 0.0050 cancels the whole forecast.
Note that, it is only for educational purposes, it is not a recommendation to buy or sell. I only present a pure technical analysis using Elliott Wave Theory and trend-lines. However, I do not have the crypto market tone and, my analysis lacks fundamentals as I don't follow the news regarding the coin.
Note that, it is only for educational purposes, it is not a recommendation to buy or sell. I only present a pure technical analysis using Elliott Wave Theory and trend-lines. However, I do not have the crypto market tone and, my analysis lacks fundamentals as I don't follow the news regarding the coin.
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below the stop-loss but not time to short. Wait for a daily close or 24 hours after then we can update.
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Great accumulation opportunity! it hit the demand zone.