This is a young chart and so we will keep this analysis short.
The "descending corrective channel" has been broken and thus the small downtrend.
SEIUSD is now trading above EMA10 and EMA21 with a bullish MACD and RSI, clearly bullish/pointing up.
The current action can continue as prices grow.
Invalidation can happen below 0.118, use a daily close.
If this conditions does not meet, Sei stays clearly bullish.
Namaste.
The "descending corrective channel" has been broken and thus the small downtrend.
SEIUSD is now trading above EMA10 and EMA21 with a bullish MACD and RSI, clearly bullish/pointing up.
The current action can continue as prices grow.
Invalidation can happen below 0.118, use a daily close.
If this conditions does not meet, Sei stays clearly bullish.
Namaste.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.