SEI - Potential Elliot Wave 5 Completion in progress

SEI - CRYPTOCAP:SEI

There is a potential set up in SEI with a decent risk:reward ratio of 9.5

❌We want high volume but we do not have it yet
✅OBV is breaking out (might be an early sign of volume to come)
✅ We are above the 21 day moving average and above the diagonal support line

The 21 day MA and diagonal support line could offer a buying opportunity for any new participants, I have a tight stop placed at $0.74c. You will also see a 5 wave Elliot wave structure with the final 5th wave looking to reach the golden fib ext of 1.618 @ $1.57c.

We have a structure here to work with, a good RR and tight stop levels to protect us.

Sei is the first sector-specific Layer 1 blockchain, specialized for trading to give exchanges an unfair advantage.

Lets see how it plays out

PUKA

Commentaire:

Good Entries here down to the diagonal line...as anticipated.

Commentaire:

Here we go folks.

Ideal entry off diagonal support/21DSMA with stop placed thereunder.

Commentaire:

Converted my SEI today to $NEAR. The relative strenght of NEAR was too hard to ignore any longer.

For reference

NEAR/EURO

NEAR / ETH