SEI is bearish for at least another 144 days !It looks like a finished zigzag or FLAT pattern (an ABC). Wave C was an accelerated 5-wave.
The big A wave is over and it looks like we are now entering a big B wave.
Wave A has been 226 days.
Wave B is also expected to be at least 226 days, although it may be longer.
The large wave B, which is a correction, is expected to last at least until the vertical line on the chart (November 10).
Closing the daily candle below the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SEI
SEIUSDT.1DLet's delve into a professional technical analysis of the SEI/USDT (Sei Network against US Dollar Tether) chart based on the image you've provided:
Current Price Action:
SEI is trading at $0.3715, showing a pattern of declining peaks, which suggests a bearish trendline since the highs earlier this year. The current setup provides a critical juncture where the price is testing key resistance and support levels.
Key Levels on the Chart:
Support Levels:
S1 at $0.3343: This level is currently acting as a short-term support, which if broken could lead to a test of lower support.
S2 at $0.2092: Represents a more significant, longer-term support level that aligns with previous lows.
Resistance Levels:
R1 at $0.5140: This is the immediate resistance level, which has previously acted as both support and resistance, indicating its importance.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line but close, suggesting weak bearish momentum. The histogram is near zero, indicating a lack of strong momentum in either direction.
RSI (Relative Strength Index): The RSI is at 53.4, indicating a neutral market condition. This shows there's neither excessive buying nor selling pressure currently dominating.
Technical Analysis and Trading Strategy:
The SEI/USDT pair is at a crucial point where it’s challenging the resistance near the descending trendline. A breakout above this line and R1 at $0.5140 could signal a reversal of the bearish trend and a potential bullish phase. Conversely, a rejection at this level could see the price retracting back towards support at $0.3343 and potentially lower if the bearish momentum increases.
Buying Strategy: Look to initiate long positions if there is a confirmed breakout above the descending trendline and R1, with a target of higher resistance levels. A stop-loss order should be placed just below the trendline to protect against potential pullbacks.
Selling Strategy: If SEI fails to breach the resistance and shows signs of weakness (such as bearish candlestick formations or a downturn in RSI/MACD), consider short positions or exiting long positions, targeting S1 at $0.3343.
Risk Management: Given the current market conditions, maintaining a conservative approach with tight stop-losses would be prudent to manage the inherent risks. Adjust position sizes accordingly to manage potential volatility.
Conclusion:
This analysis highlights the importance of the upcoming price movements and their implications for future market directions. Traders should remain vigilant and responsive to changes in market dynamics, particularly any shifts indicated by volume, MACD, or RSI, which could signal increased buying or selling pressures.
Trade Details for SEIPattern Formation: SEI is showing signs of a potential inverse head and shoulders pattern, which typically indicates a bullish reversal.
Support Level: The $0.32 region is expected to form the right shoulder, offering an entry point for a long position.
Profit Levels: Targets are set based on key resistance levels and potential price expansions.
Strategy:
Risk Management: By entering around the $0.32 support, the trade aims to limit downside risk with a stop loss placed just below the significant $0.25 level.
Profit Taking: Gradual profit-taking at $0.45, $0.60, and $0.75 to capitalize on upward movement while securing gains at key intervals.
This setup leverages technical analysis to optimize entry points and manage risk effectively, aligning with market conditions and potential bullish patterns.
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🌴
#SEI/USDT#SEI
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color R at 0.3300
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.3400
The first target is 0.3650
The second target is 0.3833
The third target is 0.4050
Potentially huge rally in $SEI brewingMy chart is a pair analysis, showing the ratio of SEIUSDT to TOTAL3 (multiplied by 10^15 to make scale visible). It shows that SEI is a "high beta", "momentum" coin relative to the rest of the market and trades very cleanly, respecting moving averages.
I see a potential for SEI to outperform the market by as much as 500% over the coming weeks/months. Could mean anything between 10x and 100x in absolute terms, assuming the market rallies as well. The trigger would be a break of moving average to the upside.
SEIUSDT's Next Move Could Be a Massive Opportunity For YouYello! Are you ready to capitalize on #SEIUSDT’s next big move? The asset is about to reach a crucial moment that can make or break it. Let's dive in.
💎#SEIUSDT is currently compressed between the falling wedge's trend lines, and we're expecting a bullish breakout soon. Why? Because of increasing volume and improving macro market sentiment.
💎The 50EMA is about to cross and the POC of the VRVP is also reinforcing this bullish bias by acting as a support in the major support zone.
💎Now, what if #SEI gets rejected by the upper trend line of the falling wedge? We might see a retest of the bullish order block (OB) at $0.303. This area has consistently provided strong support for #SEI, packed with liquidity.
💎However, should TSXV:SEI fail to rebound from $0.303, the next critical level to watch is the lower support at $0.23. The probability of a rebound from this level is significantly higher.
💎But if #SEI continues to fall, the bears will take control, potentially leading to a bearish continuation.
Paradisers, always be prepared for any market scenario and stay disciplined in your trading strategy.
MyCryptoParadise
iFeel the success🌴
$2 Is My Target - Bullish On SEIResistance flipped to support and targets $0.40. My overall target for SEI is $2 during this bull-run.
An area I am looking for a short scalp is the daily & 0.618 fib confluence.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
#SEI/USDT#SEI
The price is moving in a bearish channel on a 4-hour frame and is holding it strongly and is about to break it upward
We have a bounce from the green support area at 0.4000
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 0.4177
The first target is 0.4730
The second target is 0.5192
The third goal is 0.5666
Triangle pattern nearing a breakSEI experienced a fakeout above the triangle and then instantly dropped back down. The price managed to hold at the support trendline, maintaining the integrity of the pattern. The resistance level is currently at the $0.54 area. The triangle is now approaching a critical decision point, and it's essential to monitor which direction the pattern will break. The main support levels to watch are $0.47 and $0.40.
SEI/USDT descending resistance breakout ahead? Sei analysis💎 Paradisers, #SEIUSDT is closely monitoring descending resistance while maintaining strong momentum within the demand zone, setting the stage for a potential substantial upward movement.
💎 A bullish confirmation would be indicated if #SEI breaks and closes above the supply level of $0.6761 on a daily chart, suggesting a continuation of upward momentum towards our specified resistance area. Alternatively, if #SEI fails to breach the $0.6761 resistance and encounters a strong rejection, indicated by a bearish candle, a retracement to lower levels may occur. In this scenario, the price might pull back to the demand area at $0.536.
💎 Should #SEI reach the key support at $0.4566, it would need to rebound and resume its climb to test the resistance once again. Given its track record of recovering from crucial demand levels, there's a chance that #SEI could repeat this pattern and advance further.
💎 It's imperative to remain alert and closely monitor #SEI's price movements. A breakdown below the support level, confirmed by a daily closure below it, would challenge the bullish scenario and could precipitate further declines.
MyCryptoParadise
iFeel the success🌴
SEI (Setting the Historical Structure for the $10 Target)TSXV:SEI 🔴💨
Two main scenarios for #SEI's correction wave so far...
I'm in favor of the white bearish scenario. But I won't be surprised if the orange bearish scenario happens.
Passing the all timw high cancels my views.
Breaking $0.102 cancels my views.
My targets if everything goes according to my plans are: $1 - $3 - $5 - $10
SEI Technical Analysis: Potential Price RallySEI is testing support and might be forming a new bullish structure. Watch for volume increase to confirm a potential entry! If support holds and RSI resets, price could rally to $0.67 and then $0.85!
Consider entering a trade between $0.50 and $0.56 with take profit targets at $0.67 and $0.85, and a stop loss at $0.44.
#SEI #Crypto #TechnicalAnalysis #Bullish #TradeAlert
#SEI/USDT#SEI
We have a bearish channel pattern on a 4-hour frame, the price moves within it and adheres to its limits well
We have a green support area at 0.5025 after the price touched it and bounced from it
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that supports the price higher
Entry price is 0.5025
The first goal: 0.5332
The second goal is 0.5629
The third goal is 0.5948
SEIThe SEI Network is a Cosmos-based Layer 1 blockchain that specializes in trading infrastructure for decentralized exchanges and marketplaces. SEI accelerates blockchain efficiency and block finality, reducing it to a mere 380 milliseconds through the twin-turbo consensus mechanism.
Anyway, it is clear that SEI has potential. Besides the beginning in which SEI was in a descending triangular shaped pattern, SEI went up pretty well—almost 1000%. Then correction started that seems unfolding in an inverted wedge pattern. SEI broke both the minor downtrend line going toward the wedge's middle line (blue). If SEI can break this line, reaching the wedge's upper line is possible. Let's see what happens.
#SEI/USDT#SEI
We have a bearish channel pattern on a 1-hour frame, the price moves within it and adheres to its limits well, and it is about to break upwards.
We have a green support area at 0.3000
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher
Entry price is 0.5700
The first target is 0.6000
The second target is 0.6370
The third target is 0.6860
SEI Trade planSEI is acually stuck under main trendline and under resistance zone. I think it can be a good long trade but only if we can see a strong upside move that will break above main trendline and support zone, then we can expect a retrace to the support zone again and a range before pump again till the resistance zone at $0.87-$0.9. That's the plan, i will look for an entries if given