ANALYSIS 🔎 - SUKU/USDT is currently on an uptrend supported by the ascending trendline support. - The market hit a swing high and retraced. - Price is retesting the key fibonacci retracement zone (0.618 - 0.702 - 0.786) and ascending trendline support. - There's a relatively high concentration of buyers at this zone (high buying pressure). - The retracement was resisted by the descending trendline resistance. - Price brokeout above the descending trendline resistance. - This is a bullish signal. - The market could be on the verge of the 5th impulsive Elliott wave.
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