SEI/USDT - Sei Network: TrendLine Breakout◳◱ On the $SEI/ CRYPTOCAP:USDT chart, the Trendline Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.6479 | 0.7077 | 0.8636 and support near 0.492 | 0.3959 | 0.24. Entering trades at 0.6348 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Sei Network
▣ Rank: 66
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: N/A
▣ Overview: Sei Network project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.6348 ₮
▣ 24HVol: 35,535,267.898 ₮
▣ 24H Chng: 4.735%
▣ 7-Days Chng: 27.82%
▣ 1-Month Chng: -21.06%
▣ 3-Months Chng: -1.52%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.6479 | 0.7077 | 0.8636
◢ Support: 0.492 | 0.3959 | 0.24
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -2.86
▣ Last 90D: 0.29
▣ Last 1-Y: 1.92
▣ Last 3-Y: 1.92
◲◰ Volatility :
▣ Last 30D: 1.09
▣ Last 90D: 1.22
▣ Last 1-Y: 1.40
▣ Last 3-Y: 1.40
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth SEIUSDT technical analysis on Tradingview TA page
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◲ Disclaimer
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Seiusdtlong
SEIUSDT BULLISH WAVE READ DESCRIPTION
1. **Buying, Demand, and Support Zone**: SEI/USDT is currently within a buying, demand, and support zone, which is typically an area where significant players such as investors, institutions, and hedge funds may place substantial buying orders. This zone ranges between 0.8369 and 0.8512, indicating a strong area of interest for potential buyers.
2. **Technical Analysis Indicators**:
- Overall Summary: The 4-hour overall summary indicates a bullish bias, with 14 buy signals, 3 sell signals, and 9 neutral signals.
- Moving Averages: There is a strong buy signal in the moving averages, with 14 buy signals, 1 neutral signal, and 2 sell signals.
- Other Technical Indicators (RSI, MACD, Stochastic Oscillator, Momentum, Stochastic RSI, ADX, CCI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, SMA, EMA, VWMA, Ichimoku): All these indicators are signaling buy opportunities, reinforcing the bullish sentiment.
3. **Trade Parameters**:
- Stop Loss: The stop-loss for this trade is set at 2.95%. This suggests a risk management strategy to limit potential losses should the trade move against the anticipated direction.
- Profit Target: The profit target for this trade is set at 36.09%. This indicates the desired level of profit that traders aim to achieve, providing a clear objective for profit-taking.
- Two Take Profit Levels (TPs): Having two take profit levels allows traders to scale out of their positions at different price points, capturing profits along the way while still leaving some portion of the position open to potentially ride further price movements.
In conclusion, the technical analysis suggests a strong bullish bias for SEI/USDT, supported by the presence of buying, demand, and support zones, as well as multiple buy signals across various technical indicators. The trade parameters, including the stop loss and profit targets, demonstrate a structured approach to risk management and profit-taking. However, traders should always be mindful of market volatility and unexpected events, adjusting their strategies accordingly to mitigate risks and maximize potential gains.
SEIUSDT Bullish Parallel Channel SEIUSDT Technical analysis update
SEIUSDT formed a parallel channel on the 4-hour chart. The price is currently testing the upper trendline and approaching a potential breakout. If the price breaks above the channel with high volume, it could indicate a bullish move in SEIUSDT.
Buy level: above $0.86 (After breakout)
Stop Loss: We will update once we see the breakout.
Regards
Hexa