SEI Just Broke Out - Massive Rally Incoming?SEIUSDT Technical analysis update
SEIUSDT is testing a long-term descending trendline, which has acted as strong resistance on multiple occasions. Price has now broken above this level with strong volume, signaling a potential trend reversal. And price trading above 100 and 200 EMA, in the coming trading days, we can see a strong bullish move in SEI
NYSE:SEI
SEIUSDC
#SEI/USDT Ready to go higher#SEI
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at a price of .4060
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.4214
First target 0.4330
Second target 0.4500
Third target 0.4674