Aave and Sui predictions hit the mark

The Chart of the Week series has consistently delivered accurate predictions, and the last two weeks’ focus on Aave and Sui is no exception. Both tokens performed as expected, allowing traders to reach their profit targets and make significant gains.

Aave beats all 4 profit targets

From August 2nd to August 5th, Aave’s price action followed the pattern we predicted, hitting all four profit targets in just three days.

Source: TradingView

The $115 resistance level has a history of acting as a strong barrier for Aave. Our analysis suggests that this resistance will hold and Aave is likely to face a pullback. Traders who followed our guidance and went short around $115 saw outsized returns as Aave fell -21.74%.

Source: TradingView Sui Reaches $1

Sui presented a different opportunity, with our analysis identifying the potential for an upside move. For traders who followed our advice and used the hourly chart to time their entries, the optimal position would have been taken at $0.88 around 10:00 UTC on August 10.

Source: TradingView

By Monday, the price action had reached both the $0.9271 and $1.00 profit targets in just three days, providing a 13.64% gain for those exiting the second target.

Source: TradingView Conclusion

The effectiveness of the Chart of the Week analysis will continue to show itself in the long term, but the forecast success rate is currently at 92.31%, with 12 out of 13 trades successful. Stay tuned for future analyses every Friday.

Disclosure: This article does not provide investment advice. The content and materials contained on this page are for educational purposes only.