SUATAC is an acronym for 'Straight Up Arrow Technical Analysis Charts'. It is aimed to define the amateurish attempt at charting, most notably by New Age Crypto Traders (NACTs). The technique always involves a tradingview chart with a massive straight up arrow depicting a magical projection of the price to unrealistic levels to happen anytime in the next few hours to the next couple of days. It ALWAYS fails.
Inexperienced Trader: Damn look at that chart, it says xrp that is valued at 20 cents will be trading at $589 tomorrow!
Pro Trader: Disregard that, it's a SUATAC
Pro Trader: Disregard that, it's a SUATAC
by crypto beauceron September 17, 2019