SEI/BTCReached the bottom of the higher time frame range. Once again, could see a potential bounce off support. Keep an eye out for break of support.
Trade ideas
Massive SEI Surge Ahead? Watch This Key ZoneSEI is showing signs of breaking out of its accumulation phase on the Bitcoin trading pair. This range is typically a consolidation period where the price moves sideways, gathering momentum for a significant move. On the chart, the key level to watch is the blue zone, which represents a resistance area. If SEI manages to break above this level, it could signal the beginning of a new bullish trend. This breakout would indicate that buyers are gaining strength, potentially driving the price higher.
If the breakout occurs, there’s a strong possibility that SEI could enter a rally aiming for its all-time high (ATH). Historically, such moves after accumulation often lead to rapid price increases as market sentiment shifts bullish. Traders and investors should watch for confirmation of the breakout, as it could provide an opportunity to ride the momentum during this potential upward trend.
SEI/BTC Reclaiming Key Support – Ready to Take Off?SEI is currently back at a crucial pivot zone on the BTC pair, a strong indicator for potential upward momentum if it holds this support. This pivot area is significant as it acts as both support and resistance in previous price actions, making it a key zone to reclaim for any potential bullish move.
Blue Zone (Pivot Zone): SEI has returned to this support area, and it’s beginning to show signs of stabilization. Reclaiming this level and holding it as support could set the stage for an upward push.
BTC Pair Influence: As with other altcoins, the BTC pair’s stability is a strong foundation for any potential rally. When SEI’s BTC pair starts gaining strength at a major support, it signals readiness for SEI to fly in the USDT pair as well.
Potential Move: If SEI can confirm support in this pivot zone, we could see a strong upward momentum from here. Waiting for solid volume confirmation will help validate this setup.
In summary, SEI is at a decision point. With BTC pairs acting as key drivers for altcoin movements, a stable reclaim of this pivot zone could be the green light for SEI to start a significant move. Patience and a close watch on the BTC pair are crucial here.
SEI Looks BullishSEI seems to have entered a big B wave after the end of the big A wave.
Wave B looks like a triangle, now SEI is completing wave d of this triangle.
The FLIP range has conquered important territory. SEI can be pumped again with a pullback on this range.
Closing a daily candle below the invalidation level will violate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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Notice the black line on the chart. This level worked as resistance back in late 2023. SEIBTC moved below it as in a stop-loss hunt event. As soon as the pair traded back above, strong bullish action developed.
A resistance level once conquered turns support.
Present day (right side), we can see SEIBTC finding support at the same level that worked as resistance previous to the 2023 massive bullish wave. There is potential for a bounce to develop here because this is a strong support. As prices start to bounce, we get a confirmed "higher low." The higher low goes like this: Main low October 2023, higher low August 2024.
A year long higher low is a strong bullish signal.
The correction is almost eight months long.
This is a short-term move being mapped here, but we can expect growth long-term after this initial bullish breakout gets corrected... Remember to develop a plan; when to get out if things go right or wrong —before you decide trade.
Thank you for reading.
Namaste.
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We cannot go by historical data we can only go by current action and that's ok.
➖ Current price action reveals a very strong bullish bias.
➖ Current price action shows little retrace after the most recent peak and clearly EMA50 (magenta line on the chart) working as support.
➖ Current price action indicates a very strong bullish bias...
➖ Current price action points towards additional growth.
SEIBTC can move forward, can keep on going, can do more... Why not?
The chart says so.
See the chart for potential targets... 200% possible for the next jump.
Thanks a lot for your support.
Namaste.
