
$SUI continues following the textbook bullish impulsive structure, and is about to print its Daily 50/200 EMA bullish cross. I’m looking for another wave up in the Green box up to $1.50, if SUI holds $0.96. It would mean that the recent shallow retracement to 0.382 fib, which ended above the start of wave 1, and bounced from the Daily 200 and 50 EMA area, was wave 4 of 1. What follows is another minimally higher high wave 5, but its common target is the length of wave 1, which lands at $1.50, or higher if wave 5 also turns out to be extended. As you know, a 5-wave move up will complete Wave 1 of a larger degree 5-wave move up, and Wave 2 that will follow will be the next great spot buy and long opportunity. Can SUI reach the Green box with its current Wave 1?
