This post is about $ETH and $SUI at the request of follower Figo90.
In SUI I suggest not buying at this time, on the weekly chart which is considered long term, it has been rising very strongly for a long period and this indicates that it will retract very soon, the ideal is to wait for the retraction to be able to buy.
I left a figure to show the best buying region if it starts to retract now, if it rises more you will have to draw another Fibonacci line and redo the calculations. Only after the retraction will it be possible to calculate the sell target.
In $ETH I left 2 images, one in the long term and another in the short term.
In the long term, it looks pretty bad, it made a 76.4% retraction, which could indicate that it might want to make a downward movement. You have to wait for it to pass through the 20-period moving average before trying to buy and only then do another analysis.
In the short term, you can open a purchase soon and I marked the purchase point in case it makes the retraction with this last top. If it goes up more, you have to redo the analysis and only after the retraction will it be possible to calculate the sale target.
In SUI I suggest not buying at this time, on the weekly chart which is considered long term, it has been rising very strongly for a long period and this indicates that it will retract very soon, the ideal is to wait for the retraction to be able to buy.
I left a figure to show the best buying region if it starts to retract now, if it rises more you will have to draw another Fibonacci line and redo the calculations. Only after the retraction will it be possible to calculate the sell target.
In $ETH I left 2 images, one in the long term and another in the short term.
In the long term, it looks pretty bad, it made a 76.4% retraction, which could indicate that it might want to make a downward movement. You have to wait for it to pass through the 20-period moving average before trying to buy and only then do another analysis.
In the short term, you can open a purchase soon and I marked the purchase point in case it makes the retraction with this last top. If it goes up more, you have to redo the analysis and only after the retraction will it be possible to calculate the sale target.