SEI has broken above the key descending resistance line, signaling a shift in momentum after an extended downtrend. The price also rebounded strongly from the support zone marked in the chart, forming a clear higher low.Currently, SEI is pushing through a critical zone where support previously flipped into resistance, now testing the 50 EM as the next challenge.
If the price can hold above this zone and close with strength, the next leg up could target $0.30–$0.50, as shown on the chart.
DYOR, NFA
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.
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.