Seiusdtsignal
#SEI/USDT#SEI
The price is moving in a descending channel on the 1-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 0.200
Entry price 0.2170
First target 0.2440
Second target 0.2640
Third target 0.2853
Seiusdt this can be a bullish momentum if Sei success breaks !Yello Paradisers! Is #Seiusdt about to break out, or are we in for a major reversal?
💎#Seiusdt is currently forming an ascending triangle, a bullish continuation pattern that's catching our eye. After several lower highs and lows, the price deviated from the ascending trendline but has since reclaimed it, shifting the internal structure to bullish. We've seen a higher high, with the price recently rejected from the resistance zone between 0.3370-0.3500.
💎The price has retracted and has probability to respect the trendline and demand zone between 0.2932-0.2828. This zone also aligns with the 0.5 Fibonacci retracement, acting as strong support. If the ascending triangle pattern breaks, Sei will face resistance at 0.382-0.398.
💎If the price doesn't respect the demand zone, the trend could weaken. The key invalidation point is a candle closing below 0.2598.
Stay vigilant, Paradisers! This could be a pivotal moment for Seiusdt. Ensure you're following disciplined trading strategies to navigate this potential breakout or breakdown.
MyCryptoParadise
iFeel the success🌴
Here's the rationale for the SEI to riseHi, guys. Nice to meet you
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.)
SEI Holders! FOLLOW ME~!Good day, guys.
This is ESS team.
Let's check the SEIUSDT chart.
If it strongly breakthrough the GREEN downtrend line, It may try to breakthrough the RED long-term downtrend line.
Even if it fail, It will reach the top of the uptrend line after breaking through the red long-term downtrend line with buy-power at uptrendline.
SEI/USDT need to bounce from here for try break the resistance.💎 Paradisers, the recent market dynamics surrounding #SEI have indeed been noteworthy.
💎 Experiencing rejection at the resistance area and retracing back to the support, SEI now requires a bounce to attempt another breakout above resistance.
💎 Success in breaking this resistance could pave the way for a bullish reversal, potentially leading to the attainment of our target area.
💎 However, should SEI fail to find support at the current level, resulting in a breakdown below the support area, the next likely target would be the demand area.
💎 The demand zone holds significant importance as SEI needs to bounce from it and reclaim the price above the support level of 0.464 to sustain upward momentum. Failure to achieve this could result in SEI continuing its downward trajectory.
MyCryptoParadise
iFeel the success🌴