$SUI 4Hr Money Printer Formation


The money printer formation happens after a retracement to the downside.
Notice how all the moving averages besides the yellow 200MA is gathering tightly with price action?
Notice how the 200MA is gapped above?
Normally, the algorithm will push price action up to fill the gap between price and the yellow 200MA near $1.20.
The bulls will really want to get price action back above the 4hr 200MA to resume bullish activity to the upside.
NFA, DYOR ⚠️
#Crypto #Trading #SUI
SUI-1,45%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)