SEI | Fast Short-Term Bullish Wave: 90% - 195% Potential
Next in line is SEI: A promising new altcoin project.
Notice the black line on the chart. This level worked as resistance back in late 2023. SEIBTC moved below it as in a stop-loss hunt event. As soon as the pair traded back above, strong bullish action developed.
A resistance level once conquered turns support.
Present day (right side), we can see SEIBTC finding support at the same level that worked as resistance previous to the 2023 massive bullish wave. There is potential for a bounce to develop here because this is a strong support. As prices start to bounce, we get a confirmed "higher low." The higher low goes like this: Main low October 2023, higher low August 2024.
A year long higher low is a strong bullish signal.
The correction is almost eight months long.
This is a short-term move being mapped here, but we can expect growth long-term after this initial bullish breakout gets corrected... Remember to develop a plan; when to get out if things go right or wrong —before you decide trade.
Thank you for reading.
Namaste.
Notice the black line on the chart. This level worked as resistance back in late 2023. SEIBTC moved below it as in a stop-loss hunt event. As soon as the pair traded back above, strong bullish action developed.
A resistance level once conquered turns support.
Present day (right side), we can see SEIBTC finding support at the same level that worked as resistance previous to the 2023 massive bullish wave. There is potential for a bounce to develop here because this is a strong support. As prices start to bounce, we get a confirmed "higher low." The higher low goes like this: Main low October 2023, higher low August 2024.
A year long higher low is a strong bullish signal.
The correction is almost eight months long.
This is a short-term move being mapped here, but we can expect growth long-term after this initial bullish breakout gets corrected... Remember to develop a plan; when to get out if things go right or wrong —before you decide trade.
Thank you for reading.
Namaste.
Note
We have almost an entire month of consolidation (sideways) since sharing this trade-idea. The bullish case is becoming stronger. It is still early and will grow massively as well.Note
The highest price being hit today since June. Growing slowly but surely.
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