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.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: billboard - 🏆 112. / 63 Read more »