Sei price consolidation forecasts 40% crash as crypto market flips bearish

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Sei Nouvelles

Cryptocurrencies,Technical Analysis

Sei (SEI) price consolidation is nearing its end, which could soon result in a volatile breakout.

Sei price is consolidating in a descending triangle pattern. A breakout from this setup forecasts a 40% crash to $0.271. A swift flip of $0.560 hurdle into support will invalidate the bearish thesis. Sei price consolidation is nearing its end, which could soon result in a volatile breakout. SEI investors need to be cautious, as the crypto market outlook is looking bleak.

This bearish pattern forecasts a 42% crash, obtained by adding the distance between the first swing high and swing low to the breakout point of $0.467. The forecasted target sits at the lower limit of the weekly imbalance, extending from $0.350 to $0.265. The confluence of the theoretical target coupled with the weekly imbalance makes it a good level for accumulation. The Relative Strength Index has been struggling below the mean level of 50, suggesting that bulls are not banded together.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 14. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Music Industry 40 Under 40: Execs & Power Players 202440 Under 40 in the music industry: Billboard's 2024 list of executives and power players revealed.
La source: billboard - 🏆 112. / 63 Lire la suite »