SEI/USDT is currently setting up for a potential higher low formation, but confirmation is still pending. The price action shows promise but requires patience for the setup to materialize.
Current Situation:
Price is testing the orange ascending trendline support around $0.21
Waiting for a confirmed bounce to establish the higher low
The projected path (pink arrow) outlines the anticipated bullish trajectory
Key Levels to Watch:
Critical Support: Orange trendline around $0.21 (must hold)
Confirmation Level: Clean bounce above $0.22-0.23
Target: $0.33 resistance zone if higher low confirms
What's Needed:
Strong rejection from current support levels
Volume increase on any bounce attempt
RSI showing bullish divergence signals
Risk Factors:
Break below orange trendline would invalidate the setup
Failure to establish higher low could lead to further downside
Market conditions may impact the pattern's success
This is a wait-and-see scenario where patience is key. The higher low formation will only be confirmed once price demonstrates clear rejection from support and begins moving higher.
Current Situation:
Price is testing the orange ascending trendline support around $0.21
Waiting for a confirmed bounce to establish the higher low
The projected path (pink arrow) outlines the anticipated bullish trajectory
Key Levels to Watch:
Critical Support: Orange trendline around $0.21 (must hold)
Confirmation Level: Clean bounce above $0.22-0.23
Target: $0.33 resistance zone if higher low confirms
What's Needed:
Strong rejection from current support levels
Volume increase on any bounce attempt
RSI showing bullish divergence signals
Risk Factors:
Break below orange trendline would invalidate the setup
Failure to establish higher low could lead to further downside
Market conditions may impact the pattern's success
This is a wait-and-see scenario where patience is key. The higher low formation will only be confirmed once price demonstrates clear rejection from support and begins moving higher.
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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.
Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
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.