MyCryptoParadise_Simon

SEI/USDT Poised for a Bullish Turn at Trendline? đź‘€ Sei Analysis

Long
BINANCE:SEIUSDT   SEI / TetherUS
đź’Ž Paradisers, let's zero in on #SEIUSDT as it's shaping up for an interesting shift, aligning itself along an ascending trendline.

đź’Ž Our observations show that #SEI has recently formed a double-top pattern, followed by a downward trend. However, it's been holding strong above the key support level of $0.6936. After facing a hurdle at the resistance of $0.7662, there's a strong likelihood of a bullish movement starting from the trendline level, aiming to overcome the formidable resistance above.

đź’Ž As smart traders, we're always prepared for different outcomes. If SEI doesn't rally as expected and this scenario falls through, we're looking at a potential bullish rebound from the lower support of $0.3936. Keep in mind, though, that breaking below this point could lead to a significant downward trend.

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