SEI/USDT Break a Bullish Pattern!! Ready for continue UPWARD !!๐ SEI has recently undergone significant market dynamics. Currently, SEI is breaking out of the bullish pennant pattern, which typically signifies a continuation of the bullish trend.
๐ The next step involves a retesting phase at either the trendline or the demand area, followed by a continuation of the upward movement. If this retesting phase proves successful, we may witness a significant upward movement, probability reaching our target area.
๐ However, if SEI fails to bounce during the retesting phase at the demand area, it could indicate a breakdown of this level. In such a scenario, the price would likely retreat to the support area.
๐ The support area holds crucial importance, as it serves as a pivotal point for potential reversals. A bounce from this area would signal strength in the bullish trend. Conversely, if the support area is breached, SEI could experience further downward movement, with the next target being the Bullish OB area.
SEIUSDT trade ideas
Sei expansionSei is contracting into expansion, these are my favorite long-term patterns to add to positions. Yes we have seen me post several of these that washed out. Most of the tokens I cover are so strong the wash outs are just that, temporary washouts then back to trend. The most recent charge you would have gotten wrecked on was this contraction of LINK, had you used leverage longs you would have been wiped out, now if you were spot, youd be sitting pretty today.
-I am not adding to my position, but this is a decent spot to add if you missed the boat imo.
-I am not adding because I am heavily exposed to crypto and need to slightly derisk by adding cash for buys of the impending blood.
SEI/USDT Poised for a Bullish Turn at Trendline? ๐ Sei Analysis๐ Paradisers, let's zero in on #SEIUSDT as it's shaping up for an interesting shift, aligning itself along an ascending trendline.
๐ Our observations show that #SEI has recently formed a double-top pattern, followed by a downward trend. However, it's been holding strong above the key support level of $0.6936. After facing a hurdle at the resistance of $0.7662, there's a strong likelihood of a bullish movement starting from the trendline level, aiming to overcome the formidable resistance above.
๐ As smart traders, we're always prepared for different outcomes. If TSXV:SEI doesn't rally as expected and this scenario falls through, we're looking at a potential bullish rebound from the lower support of $0.3936. Keep in mind, though, that breaking below this point could lead to a significant downward trend.
๐ SEI Price Discovery and Upside Potential! ๐๐น๐ Analysis:
Price Discovery: SEI is in "price discovery" mode, testing the $0.77 - $0.83 support area.
Laddering In: Planning to add to the position in this support area.
Upside Potential: Anticipating further upside over the next few weeks.
๐ Trade Plan:
Ladder In: Between $0.77 - $0.83.
Targets: Aiming for targets at $0.96 - $1.00.
Stop Loss: Set just below the white support line, slightly below $0.70.
๐ Note: Keep a close eye on market dynamics and adjust strategies accordingly! ๐๐ #SEI #PriceDiscovery #TradePlan ๐๐
๐๐ SEI - Reclaimed $0.88 and Potential Targets! ๐น๐ก๐ Recent Developments:
Reclaimed Support: SEI has reclaimed the $0.88 level.
๐ฏ Potential Targets:
Next Resistance: Targeting the next resistance at $1.03.
Subsequent Targets: Aims set for $1.20 and $1.40.
๐ข Analysis: With $0.88 reclaimed, focus on the potential targets at $1.03, $1.20, and $1.40. Keep an eye on how the price reacts at these levels and consider risk management strategies for varying scenarios. ๐๐
#SEI #CryptoAnalysis #Altcoins ๐๐ฐ
SEI double bottom in the makingWith BTC is trading sideway, some others are not going anywhere. Chasing is not a good strategy at the moment. Instead we should look for the ones that are the bese. SEI retrace 20% and now forming a double bottom at EMA 200 TF H4. This will give a much more advantage to enter position.