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Seianalysis

SEIUSDT - SHORT TERM Support in DANGERSEI is retesting a key support zone, and losing this support zone may lead to a hard drop. The opening prices of SEI has not yet been retested, and in most cases for newly released altcoins the price will return to "retest" the opening price. In some cases, it even falls under - but it is quite common for he price to return to these zones. I discuss a similar situation on NOTUSDT, which is showcasing a similar situation: IF the price cannot keep closing daily candles ABOVE the current support zone, it's likely that a hard plummet will follow, since the price has lost the 200d moving averages in the daily, which equals short term bearish. ____________________ COINBASE:SEIUSD BINANCE:SEIUSDT
Short
by CryptoCheck-
SEIUSDT: Strong Support, Ready to Climb!!BINANCE:SEIUSDT has recently bounced back from a major support level, demonstrating resilience in its price action. After a brief retracement from a small resistance, the coin is currently trading at the Fibonacci 0.618 level, a significant point often associated with bullish reversals. Given SEI’s reputation as one of the fastest Layer 1 blockchains, coupled with its robust community support, we anticipate a potential uptrend from this level. On the fundamental side, SEI has established itself as a leading Layer 1 blockchain, known for its speed and efficiency. The strong community backing further enhances its growth potential. With these fundamentals in mind, we can confidently expect SEI to aim for a new all-time high (ATH) in the near future. BINANCE:SEIUSDT Currently trading at $0.44 Buy level: Above $0.43 Stop loss: Below $0.355 TP1: $0.51 TP2: $0.58 TP3: $0.75 TP4: $1.13 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
SEI is bearish for at least another 144 days !It looks like a finished zigzag or FLAT pattern (an ABC). Wave C was an accelerated 5-wave. The big A wave is over and it looks like we are now entering a big B wave. Wave A has been 226 days. Wave B is also expected to be at least 226 days, although it may be longer. The large wave B, which is a correction, is expected to last at least until the vertical line on the chart (November 10). Closing the daily candle below the invalidation level will violate this analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
SEIUSDT.1DLet's delve into a professional technical analysis of the SEI/USDT (Sei Network against US Dollar Tether) chart based on the image you've provided: Current Price Action: SEI is trading at $0.3715, showing a pattern of declining peaks, which suggests a bearish trendline since the highs earlier this year. The current setup provides a critical juncture where the price is testing key resistance and support levels. Key Levels on the Chart: Support Levels: S1 at $0.3343: This level is currently acting as a short-term support, which if broken could lead to a test of lower support. S2 at $0.2092: Represents a more significant, longer-term support level that aligns with previous lows. Resistance Levels: R1 at $0.5140: This is the immediate resistance level, which has previously acted as both support and resistance, indicating its importance. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line but close, suggesting weak bearish momentum. The histogram is near zero, indicating a lack of strong momentum in either direction. RSI (Relative Strength Index): The RSI is at 53.4, indicating a neutral market condition. This shows there's neither excessive buying nor selling pressure currently dominating. Technical Analysis and Trading Strategy: The SEI/USDT pair is at a crucial point where it’s challenging the resistance near the descending trendline. A breakout above this line and R1 at $0.5140 could signal a reversal of the bearish trend and a potential bullish phase. Conversely, a rejection at this level could see the price retracting back towards support at $0.3343 and potentially lower if the bearish momentum increases. Buying Strategy: Look to initiate long positions if there is a confirmed breakout above the descending trendline and R1, with a target of higher resistance levels. A stop-loss order should be placed just below the trendline to protect against potential pullbacks. Selling Strategy: If SEI fails to breach the resistance and shows signs of weakness (such as bearish candlestick formations or a downturn in RSI/MACD), consider short positions or exiting long positions, targeting S1 at $0.3343. Risk Management: Given the current market conditions, maintaining a conservative approach with tight stop-losses would be prudent to manage the inherent risks. Adjust position sizes accordingly to manage potential volatility. Conclusion: This analysis highlights the importance of the upcoming price movements and their implications for future market directions. Traders should remain vigilant and responsive to changes in market dynamics, particularly any shifts indicated by volume, MACD, or RSI, which could signal increased buying or selling pressures.
by MarsSignals
Trade Details for SEIPattern Formation: SEI is showing signs of a potential inverse head and shoulders pattern, which typically indicates a bullish reversal. Support Level: The $0.32 region is expected to form the right shoulder, offering an entry point for a long position. Profit Levels: Targets are set based on key resistance levels and potential price expansions. Strategy: Risk Management: By entering around the $0.32 support, the trade aims to limit downside risk with a stop loss placed just below the significant $0.25 level. Profit Taking: Gradual profit-taking at $0.45, $0.60, and $0.75 to capitalize on upward movement while securing gains at key intervals. This setup leverages technical analysis to optimize entry points and manage risk effectively, aligning with market conditions and potential bullish patterns.
Long
by Richtv_official
2
SEI → Going for a Third Leg Up! Reaching Prices Over $1.00?SEI has been marching in a bull run since October of 2023 and has two strong legs up so far. We appear to be gearing up for a third, is this the time to enter a long position? How do we trade this? 🤔 SEI has been a top mover recently and with such bullish strength, we should only be looking at long positions. It was reasonable to long $0.02 ago at $0.665 for at least a 1:1 Risk/Reward scalp to the top of the bull channel. Stop loss placed below the previous low of $0.565, take profit set at $0.82. It's also reasonable to take half profits at 1:1 Risk/Reward and swing the rest to 1:2 Risk/Reward at a second take profit of $0.975. 💡 Trade Idea 💡 Short Entry: $0.663 🟥 Stop Loss: $0.555 ✅ Take Profit: $0.820 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Strong bull channel with small pullbacks. 2. Two legs up with a third beginning. 3. Signs of support on the Daily 30EMA. 4. RSI at 53.00 and above the Moving Average, supports long bias. 5. Bitcoin may have another retest of the $48,000 area which should boost the crypto market. 💰 Trading Tip 💰 It's reasonable to take half profits at the first resistance target in a long trade, or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade be executed without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
SEI → Bull Breakout and Beyond? Another Bull Run imminent!?SEI rose over 300% from December 18th to January 3rd, breaking out of the newly established bull channel. Now SEI has found support on top of the bull channel and is showing signs of going higher, is it time to long? How do we trade this? 🤔 We have three points of contact with the bull channel resistance line now acting as support. While SEI is *very* bullish, we need to be careful as the crypto market threatens to go into a pullback which could hinder the SEI price. We should wait for a pullback toward the Bull Channel top and look for a buy signal and confirmation to enter a long. Then it's reasonable to enter a 1:2 Risk/Reward Ratio long. Until then, let's wait on the sidelines for more price action and confirmation so the probability of profit is higher. 💡 Trade Idea 💡 Long Entry: $0.775 🟥 Stop Loss: $0.5825 ✅ Take Profit #1: $1.16 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Strong bull run with two strong legs up 2. Three points of contact with bull channel top 3. Price remains above Daily 30EMA 4. RSI is high and below the moving average, supporting a pullback. 5. Bitcoin Showing Strong Reversal Signals, Impacts Market Sentiment. 💰 Trading Tip 💰 Reversal trading is inherently low probability because you're betting against the trend. The tradeoff is your reward will be much higher if you swing trade it. This kind of trade is the inverse of trend trading, where the probability is higher but the reward is lower. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
SEI → 400% Long in Under 2 Months! More to Come!? Let's Answer.SEI has been one of the top movers in the crypto market in the last 30 days and by looking at this chart, you can see why. A 400% move to the upside in the last 47 days! Is there any more steam left on the train? How do we trade this? 🤔 Strong push to the resistance line, looks to be the end of the second leg up, RSI is very high at 80.00 and above the Moving Average, we need to wait for a pullback. The crypto market is at a crucial point where a reversal is possible. We need to wait for a pullback on this chart to the channel support around $0.40 and get confirmation of a continuation with a buy signal. At that time, it's reasonable to long for a third leg in the channel up to the $0.60 price area. It's also reasonable to take half profits at 1:1 for a third leg in a trend, then move the stop loss up to your entry price to secure profits. Your position size should also be smaller since we're later in the trend, the probability is now less that the trend will continue and your risk needs to be sized proportionally. 💡 Trade Idea 💡 Long Entry: $0.42 🟥 Stop Loss: $0.33 ✅ Take Profit: $0.60 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Two Pushes Up, Looking for a Third. 3. Above Daily 30EMA, Bias to Long. 4. RSI at 80.00 and above Moving Average, Supports Pullback. 5. Look for Support at Previous Resistance, Look for 1:2 Long. 💰 Trading Tip 💰 The probability that the trend will continue weakens toward the end of it. Trends typically have three defined legs and while they can have more, it's reasonable to assume the probability of a continuation is lower at this stage. This means your position size should be lower to account for that decreased probability. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
2