$SEI USDT
#SEI/USDT The Symmetrical Triangle Pattern is Formed. Now it's Ready to Break the Pattern.
A bullish confirmation would be indicated if
SEI breaks and closes above the supply level of $0.6761 on a daily chart, suggesting a continuation of upward momentum towards the specified resistance area.
The breakout is accompanied by an increase in trading volume, adding credibility to the move. Higher volume during a breakout is a strong indicator that the new trend could sustain.
The chart shows a series of bullish candlesticks forming right after the breakout, reinforcing the bullish sentiment and signaling further upward momentum.
If #SEI fails to breach the $0.6761 resistance and encounters a strong rejection, indicated by a bearish candle, a retracement to lower levels may occur. In this scenario, the price might pull back to the demand area at $0.536.
In conclusion, the technical indicators and the positive breakout pattern present a compelling opportunity in #SEI.
DYOR
NOT FINANCIAL ADVICE