SEI/USDT Wave 3 Breakout – Targeting $2.154!
SEI has likely bottomed out after consolidating near its key support zone and is now displaying strong bullish momentum, signaling the start of Wave 3.
🔑 Key Insights:
📊 Daily Bullish Divergence: Momentum indicators reveal a bullish divergence on the daily timeframe, supporting a potential trend reversal and breakout to the upside.
📈 Daily MA200 at $0.40: The $0.40 level, aligning with the daily MA200, has acted as a strong confluence zone and a critical support level for SEI.
🔄 Accumulation Phase: SEI has been consolidating near this area, and the recent breakout signals the end of this phase.
🎯 Wave 3 Target:
Minimum Target: 🎯 2.14
Wave 3, typically the most extended and impulsive move in Elliott Wave Theory, aligns with the 2.618 Fibonacci extension, reinforcing the bullish outlook.
🛠 Support Levels:
📌 Key Support Zone: $0.40
In case of a pullback, this level will be critical for a potential retest and further accumulation.
📊 Conclusion:
SEI’s bullish divergence, strong confluence at $0.40, and breakout suggest a promising upward trend. With Wave 3 targeting $2.154, traders should monitor for sustained volume and positive market sentiment to confirm this momentum.
Disclaimer:
⚠️ This analysis is for educational purposes only and not financial advice. Always conduct your own research and trade responsibly.
🔑 Key Insights:
📊 Daily Bullish Divergence: Momentum indicators reveal a bullish divergence on the daily timeframe, supporting a potential trend reversal and breakout to the upside.
📈 Daily MA200 at $0.40: The $0.40 level, aligning with the daily MA200, has acted as a strong confluence zone and a critical support level for SEI.
🔄 Accumulation Phase: SEI has been consolidating near this area, and the recent breakout signals the end of this phase.
🎯 Wave 3 Target:
Minimum Target: 🎯 2.14
Wave 3, typically the most extended and impulsive move in Elliott Wave Theory, aligns with the 2.618 Fibonacci extension, reinforcing the bullish outlook.
🛠 Support Levels:
📌 Key Support Zone: $0.40
In case of a pullback, this level will be critical for a potential retest and further accumulation.
📊 Conclusion:
SEI’s bullish divergence, strong confluence at $0.40, and breakout suggest a promising upward trend. With Wave 3 targeting $2.154, traders should monitor for sustained volume and positive market sentiment to confirm this momentum.
Disclaimer:
⚠️ This analysis is for educational purposes only and not financial advice. Always conduct your own research and trade responsibly.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.