Here's the rationale for the SEI to rise
Updated
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It's creating conditions for a rise by adjustment as extended waves.
If the upper line of the extended wave is broken upward, candle can rise to the purple long-term uptrend line.
If chart ignore the upward conditions of the extended wave and fall down, Green and red lines are likely to be support line.
(There should be absolutely no way to break down the red long-term downtrend line.)
I hope today will be a day full of joy
It's creating conditions for a rise by adjustment as extended waves.
If the upper line of the extended wave is broken upward, candle can rise to the purple long-term uptrend line.
If chart ignore the upward conditions of the extended wave and fall down, Green and red lines are likely to be support line.
(There should be absolutely no way to break down the red long-term downtrend line.)
Note
Hi friends sei coin is moving towards the top line of the extended wave
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