SEI has developed a very nice pattern on the 4H timeframe. This could give us a good entry based on where the weekly candle closes. Most likely SEI will break to the upside from this pattern and potentially have a 60%+ move. I will lay out why I think this is a possibility below. But, to the counterpoint, if price breaks down from this pattern we could drop back into the $0.50-$0.60 range.
TA reasons SEI could have an explosive move.
-Pattern price is forming is generally bullish.
-Breakout target of $1.30-$1.40.
-SEI is a solid project.
-SEI has been lagging behind other alts that have already made their explosive move.
-Weekly timeframe could form a doji reversal if price closes around $0.825.
-Weekly RSI still above 70.
-"Supply/Demand zone" looking like old resistance has turned into new support.
-Daily RSI could bounce off 50 level.
TA reasons SEI could have an explosive move.
-Pattern price is forming is generally bullish.
-Breakout target of $1.30-$1.40.
-SEI is a solid project.
-SEI has been lagging behind other alts that have already made their explosive move.
-Weekly timeframe could form a doji reversal if price closes around $0.825.
-Weekly RSI still above 70.
-"Supply/Demand zone" looking like old resistance has turned into new support.
-Daily RSI could bounce off 50 level.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.