Skyrexio | SUI Is In Huge Trouble, Be Careful

Hello, Skyrexians!

The best crypto of 2024 is SUIUSDT , while other altcoins dumped significantly this asset set the ATH every day. This growth caused a lot of optimism and not SUI almost doesn't have haters. It means that price action needs to be cooled off and we will explain you why.

On the daily time frame you can see the entire impulse which consists of 5 waves. This is the complete impulse because of divergence on the Awesome oscillator. This is extremely bearish sign especially in conjunction with the Bullish/Bearish Reversal Bar Indicator [Skyrexio] which has already printed two red dots. You can check its accuracy before. For example it catches perfectly the bottoms of waves 2 and 4.

These red dots does not mean that we will see the bear market, but major correction is in progress. The logical target is 0.61 Fibonacci at $1.35.

Best regards,
Skyrexio Team

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