SEIUSDT has recently completed a significant technical breakout from a falling wedge pattern that had been compressing price for an extended period. This wedge was defined by a consistent sequence of lower highs and lower lows, suppressing bullish momentum and holding the market in a downtrend. The breakout above wedge resistance not only invalidated this structure but also confirmed a fresh higher high — a key signal that the trend dynamics may be shifting.
What makes this breakout technically significant is the structural transition it represents. For the first time in a while, buyers were able to overcome resistance and push price beyond the previous swing high. This break in the bearish sequence hints at a potential reversal, but a critical confirmation is still required.
The current focus is now on the formation of a higher low, ideally at the 0.618 Fibonacci retracement level, which aligns closely with the value area low (VAL) from the recent range. A successful retest and bounce from this zone would further solidify the bullish transition and establish the foundation for a potential move toward the upper boundary of the range.
If this structure plays out as anticipated, the next major target would be the range high resistance, offering a potential 80% upside from current prices. This level also coincides with previous supply zones and will be crucial to monitor for any signs of rejection or continuation.
Volume remains a critical element in this setup. The breakout occurred on improving volume, but follow-through volume will be necessary to validate the move. Bullish continuation without volume support often leads to failed breakouts or chop. A rise in volume during the retest and bounce would signal increased buyer interest and further support the case for upside continuation.
Summary:
SEIUSDT has flipped its bearish structure with a clean wedge breakout and higher high. The next step is confirming a higher low at the 0.618/VAL region. If successful, the probability for a move toward the range high increases significantly.
Technical Levels to Watch:
Support: 0.618 Fib & Value Area Low
Resistance: Range High
Volume: Needs to pick up for bullish continuation
Follow this post to stay updated on how this setup evolves.
This is not financial advice — always do your own research and manage your risk.
What makes this breakout technically significant is the structural transition it represents. For the first time in a while, buyers were able to overcome resistance and push price beyond the previous swing high. This break in the bearish sequence hints at a potential reversal, but a critical confirmation is still required.
The current focus is now on the formation of a higher low, ideally at the 0.618 Fibonacci retracement level, which aligns closely with the value area low (VAL) from the recent range. A successful retest and bounce from this zone would further solidify the bullish transition and establish the foundation for a potential move toward the upper boundary of the range.
If this structure plays out as anticipated, the next major target would be the range high resistance, offering a potential 80% upside from current prices. This level also coincides with previous supply zones and will be crucial to monitor for any signs of rejection or continuation.
Volume remains a critical element in this setup. The breakout occurred on improving volume, but follow-through volume will be necessary to validate the move. Bullish continuation without volume support often leads to failed breakouts or chop. A rise in volume during the retest and bounce would signal increased buyer interest and further support the case for upside continuation.
Summary:
SEIUSDT has flipped its bearish structure with a clean wedge breakout and higher high. The next step is confirming a higher low at the 0.618/VAL region. If successful, the probability for a move toward the range high increases significantly.
Technical Levels to Watch:
Support: 0.618 Fib & Value Area Low
Resistance: Range High
Volume: Needs to pick up for bullish continuation
Follow this post to stay updated on how this setup evolves.
This is not financial advice — always do your own research and manage your risk.
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.