SEI Breaks Out and Retests, Poised for Further Gains
SEI has broken out and retested its previous resistance level of around $0.1048, and is now poised for further gains. If buyers can push the price above $0.1152, we could see an increase to the targets of $0.1479 to $0.1551. All of the moving averages on the 4-hour time frame are bullish, which supports the bullish outlook.
Entry: $0.1152
Stop loss: $0.1088
Targets: $0.1479, $0.1551
Technical Analysis:
The MACD is bullish, with the signal line crossing above the MACD line.
The RSI is above 50, indicating bullish momentum.
The Bollinger Bands are widening, indicating increased volatility.
All of the moving averages are bullish.
Conclusion:
SEI is a bullish setup with the potential for further gains. If buyers can push the price above the next resistance level of $0.1152, we could see an increase to the targets of $0.1479 to $0.1551. All of the moving averages on the 4-hour time frame are bullish, which supports the bullish outlook.
Disclaimer:
The information and analysis provided in this article is for educational and informational purposes only, and should not be construed as financial advice. The author of this article is not a financial advisor, and does not provide personalized financial advice. Readers should consult with a qualified financial advisor before making any investment decisions.
The author of this article has made every effort to ensure that the information provided is accurate and up-to-date, but cannot guarantee its accuracy or completeness. The author bears no liability for any losses or damages incurred as a result of any investment decisions made based on the information provided in this article.
SEIUST trade ideas
Sei Network OverviewKey Summary / TLDR:
- Sei is an alternative L1 blockchain designed with trading in mind, possessing unique features like parallel transaction processing, a native order matching engine and twin turbo consensus.
- With partnerships across everything from infrastructure to DeFi, Sei is working to build out an extremely sufficient ecosystem with an entire suite of applications and use cases that will be ready from day one of mainnet.
- Over $120 million is sitting in the Sei ecosystem fund, with the team and various strategic partners actively searching for a variety of promising apps to deploy on Sei in the coming months and beyond.
A Look at Sei and How it Stands Out
When taking a look back, 2020 and 2021 appear to be the years of alternative layer ones, commonly referred to as “Ethereum killers” or Alternative L1s for short. The drastic growth of daily active addresses transacting on Ethereum contributed to the equally as drastic growth of Alternative L1s like Solana, Avalanche and Fantom. As transaction costs on Ethereum climbed to over $100 or more for something as routine as a simple Uniswap transaction or NFT mint, the average user was quickly priced out. In addition to the burden of high transaction costs, the influx of new users led to an increasingly congested network that made failed transactions far too common, leading to a drastically minimized user experience.
While daily transaction count across crypto has fallen sharply from the highs of 2021, the issues around scalability are still just as relevant as ever. Common areas of research in the blockchain trilemma debate like throughput, data availability and of course, decentralization, still represent a significant amount of focus in the space, especially when considering the vast potential of crypto as an industry. While we might not have one billion users at this point in time, there’s surely no harm in building for the future.
Sei has taken steps to separate itself from the pack of Alt L1s and Layer 2 blockchains by attempting to tackle the trading side of blockchain activity first and foremost. With features like parallel transaction processing, a twin-turbo consensus mechanism and its native order matching engine, Sei is working to deliver a fast, simple and secure user experience for blockchain users of all backgrounds.
Placing a huge emphasis on trading and exchanges, Sei is marketing itself as a blockchain for traders, essentially positioning its architecture to best fit the increasingly complex world of crypto trading, whether it be off-chain or on-chain.
In this report, we will examine Sei Network and how it separates itself from other alternative layer one blockchains with its unique technical architecture, along with an in depth analysis of everything currently taking place within the Sei ecosystem as the team gears up for its highly anticipated mainnet release. We hope this report provides you with an analytical perspective on the potential of Sei and a key look at the blossoming ecosystem being built by its community.
Twin-Turbo Consensus
The Twin-Turbo consensus mechanism is a key feature of the Sei blockchain, designed to optimize block propagation and transaction processing. This consensus mechanism is characterized by two main components: Intelligent Block Propagation and Optimistic Block Processing.
Intelligent Block Propagation is a process where, once a full node receives a transaction from a user, it broadcasts that transaction to other nodes in the network. Validators verify the validity of the transaction and add it to their local mempool. Block proposers then look at the current state of their mempool and propose a block to be committed. The block proposal, which includes unique transaction identifiers, is first disseminated to other validators in the network, followed by the entire block. This process significantly decreases the overall amount of time that a validator waits to receive a block.
For the full report, click here .
Potential SEI Sell-off Amidst Suspected Market ManipulationApproach the current SEI market situation with caution, as signs of potential manipulation have been observed. The crypto market, known for its volatility, can sometimes fall prey to large players looking to capitalize on market sentiment.
SEI, like many other cryptocurrencies, is not immune to such market dynamics. Whales with significant holdings may use their influence to trigger a sell-off, driving prices down to more favorable entry points for themselves. A suggested target would be approx 0.095c.
While this is not to say that SEI lacks intrinsic value, it is essential to be aware of the potential short-term turbulence that could occur due to market dynamics beyond the control of individual investors.
For those considering SEI, it might be prudent to monitor the market closely, set stop-losses, and consider diversifying their portfolios to mitigate risk.
Remember, the crypto market is highly speculative and can be subject to rapid and unpredictable fluctuations. Exercise caution and do your own research before making any significant investment decisions.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. The author is not a financial advisor, and this analysis should not be construed as an endorsement or recommendation to buy, sell, or hold any cryptocurrencies. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
SEI : some good position with fibo 61.8 Today I will send you some good tokens that react to the 61.8 fibo.
According to the chart, if you see the entry trigger and the confirmation candle, you can enter the position.
It will be very useful to have a minimum knowledge of technical analysis in the market for better use of these analyses.
In the end, don't forget capital management and compliance with risk to appropriate reward.
Good luck and
what will happen to sei
Observing the SEI flag pattern on my chart has been a captivating experience, as it holds the potential for a lucrative trading opportunity. This pattern, characterized by its distinct flagpole and consolidation phase, has exhibited clear signs of a pending breakout. As I monitor the price action within the pattern's boundaries, I remain poised for that crucial moment when it breaks out. This breakout represents my entry point into the trade, a moment when market sentiment might shift decisively. Armed with careful analysis and technical indicators, I am prepared to make a well-informed trading decision when the SEI flag pattern finally reveals its intentions, aiming to capitalize on potential price movements and achieve trading success.
SEI/USDT Break out the Descending channel, Bullish Momentum ??Yello Paradisers, Keep an Eye on SEI: A Trend Reversal in Play
💎 SEI has not only broken out of its descending channel pattern but has done so with significant volume.
💎 Additionally, SEI has surpassed the 'Choch' area, often considered a trend reversal indicator, signaling a shift from a bearish to a bullish trend. After hitting a bearish Order Block (OB) zone, SEI experienced a pullback, which is likely a retest or the formation of a new higher low in the hourly OB, before resuming its upward trajectory.
💎This bullish narrative would be negated if SEI breaches the bullish invalidation point and closes below it.
SEI Possible Bottom + TargetsSEI is trying to break a prior resistance level from a kind of a cup and handle pattern
If the crypto market turns bullish this can gain a positive momentum and break out to the next targets shown on this chart...However we need to see the confirmation above 0.1572 to see the bulls escaping the bearish EMA - Above the Green Line (which also is a big resistance level)