📊 Full Technical Analysis:
The SEI/USDT daily chart reveals a compelling setup with strong breakout potential. Here's a detailed breakdown:
🔍 Pattern & Key Structure:
Descending Trendline Breakout: SEI has successfully broken out of a long-term descending trendline that has suppressed price action since December 2024 — a strong early signal of a bullish reversal.
Bullish Retest in Progress: The price is currently retesting the breakout area, aligning with a historical demand zone and Fibonacci retracement levels of 0.5 ($0.2468) and 0.618 ($0.2259).
Previous Consolidation Zone: SEI previously moved sideways within a yellow box between $0.18 – $0.25. The breakout from this zone adds bullish confirmation.
🟢 Bullish Scenario:
If SEI holds above the key demand zone ($0.2259 – $0.2468), a strong rally could follow, targeting these Fibonacci resistance levels:
🔸 $0.3068
🔸 $0.3367
🔸 $0.4696
🔸 $0.5438
🔸 $0.6086
🔸 $0.6500
🔸 Final target: $0.7013 (major resistance)
This scenario is validated by a higher low formation and a continuation of the current uptrend, especially if backed by strong volume.
🔴 Bearish Scenario:
If the price breaks below the demand zone ($0.2259 – $0.2468), further downside may be expected, with potential support levels at:
🔻 0.786 Fibonacci at $0.1961
🔻 Historical support zones at $0.18 and $0.13
A bearish breakdown would invalidate the bullish structure and suggest sellers remain in control.
📐 Pattern Summary:
Pattern Type: Descending Trendline Breakout + Bullish Retest
Validation: Retest aligned with Fibonacci & prior consolidation
Bias: Bullish, as long as the price holds above $0.2259
📝 Conclusion:
SEI/USDT is showing early signs of a bullish reversal after a breakout from its long-term downtrend. A continuation toward higher Fibonacci levels is likely if the price holds the key demand zone. Traders should watch for bullish confirmation signals near support before entering.
#SEI #SEIUSDT #CryptoBreakout #BullishSetup #TechnicalAnalysis #FibonacciTrading #CryptoSignals #AltcoinSeason #ChartPattern #CryptoTA
The SEI/USDT daily chart reveals a compelling setup with strong breakout potential. Here's a detailed breakdown:
🔍 Pattern & Key Structure:
Descending Trendline Breakout: SEI has successfully broken out of a long-term descending trendline that has suppressed price action since December 2024 — a strong early signal of a bullish reversal.
Bullish Retest in Progress: The price is currently retesting the breakout area, aligning with a historical demand zone and Fibonacci retracement levels of 0.5 ($0.2468) and 0.618 ($0.2259).
Previous Consolidation Zone: SEI previously moved sideways within a yellow box between $0.18 – $0.25. The breakout from this zone adds bullish confirmation.
🟢 Bullish Scenario:
If SEI holds above the key demand zone ($0.2259 – $0.2468), a strong rally could follow, targeting these Fibonacci resistance levels:
🔸 $0.3068
🔸 $0.3367
🔸 $0.4696
🔸 $0.5438
🔸 $0.6086
🔸 $0.6500
🔸 Final target: $0.7013 (major resistance)
This scenario is validated by a higher low formation and a continuation of the current uptrend, especially if backed by strong volume.
🔴 Bearish Scenario:
If the price breaks below the demand zone ($0.2259 – $0.2468), further downside may be expected, with potential support levels at:
🔻 0.786 Fibonacci at $0.1961
🔻 Historical support zones at $0.18 and $0.13
A bearish breakdown would invalidate the bullish structure and suggest sellers remain in control.
📐 Pattern Summary:
Pattern Type: Descending Trendline Breakout + Bullish Retest
Validation: Retest aligned with Fibonacci & prior consolidation
Bias: Bullish, as long as the price holds above $0.2259
📝 Conclusion:
SEI/USDT is showing early signs of a bullish reversal after a breakout from its long-term downtrend. A continuation toward higher Fibonacci levels is likely if the price holds the key demand zone. Traders should watch for bullish confirmation signals near support before entering.
#SEI #SEIUSDT #CryptoBreakout #BullishSetup #TechnicalAnalysis #FibonacciTrading #CryptoSignals #AltcoinSeason #ChartPattern #CryptoTA
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.