SEI | Altcoins vs Tether Map Revealed (Phase 1)
We are looking at something like this, the chart above.
You can find SEIBTC by going down to 'Related publications' at the bottom of this post. This trade-idea is for SEIUSDT.
We have the bottom formation which includes late June all the way through late September 2024. The bottom is not a day but a process.
Now, we are seeing the development of a bullish wave. How far up it goes is hard to say but here we have a fair projection. Resistance can be found around the same level SEIUSDT traded back in April or March 2024, can be lower just as it can be higher.
The market never moves straight down, nor straight up. After the initial bullish move we are bound to see a retrace, this retrace can easily end in a higher low (green on the chart).
After this higher low, we enter full-blown bull-market zone. That is 2025 and we will experience sustained long-term growth. Even within this sustained long-term growth we will have retraces and corrections. It is a long process, we will have an entire year or more of growing prices.
This same pattern with variations will develop all across the Altcoins market. This is relevant to the Tether (USDT) pairs.
Remember this is just a map. We will continue to adjust and adapt as new data comes in.
Thank you for reading.
Namaste.
You can find SEIBTC by going down to 'Related publications' at the bottom of this post. This trade-idea is for SEIUSDT.
We have the bottom formation which includes late June all the way through late September 2024. The bottom is not a day but a process.
Now, we are seeing the development of a bullish wave. How far up it goes is hard to say but here we have a fair projection. Resistance can be found around the same level SEIUSDT traded back in April or March 2024, can be lower just as it can be higher.
The market never moves straight down, nor straight up. After the initial bullish move we are bound to see a retrace, this retrace can easily end in a higher low (green on the chart).
After this higher low, we enter full-blown bull-market zone. That is 2025 and we will experience sustained long-term growth. Even within this sustained long-term growth we will have retraces and corrections. It is a long process, we will have an entire year or more of growing prices.
This same pattern with variations will develop all across the Altcoins market. This is relevant to the Tether (USDT) pairs.
Remember this is just a map. We will continue to adjust and adapt as new data comes in.
Thank you for reading.
Namaste.
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