SeiLong
SEI - Big Move Ahead?
Hi,
This is my new analysis for SEI.
After having been in this correction from mars 16th (275 days) at one point we were down 82%, we are now seeing good signs on the chart.
On the right side you see Solana from 2021 after a big correction (down 77%).
If we begin in the bottom structure we see good similarities for both SEI and Solana.
Right now we are testing big Fibonacci levels on SEI. Recently we tested the 61.8% FIB level and we got rejected (31% down). If we look at the Solana chart from 2021 we see that the same thing happened with Solana at 61.8% FIB level (yellow circle) and got rejected (down 36%).
Solana was stuck under the 61.8% FIB level for around one month and after that the price went up to 4.236 FIB level. The last resistance for Solana was 61.8% FIB.
If we expect the same thing happen to SEI so we are getting ready for targets around 4.236 FIB level and the price will probably hit 4.20-4.50$.
This is my new analysis for SEI.
After having been in this correction from mars 16th (275 days) at one point we were down 82%, we are now seeing good signs on the chart.
On the right side you see Solana from 2021 after a big correction (down 77%).
If we begin in the bottom structure we see good similarities for both SEI and Solana.
Right now we are testing big Fibonacci levels on SEI. Recently we tested the 61.8% FIB level and we got rejected (31% down). If we look at the Solana chart from 2021 we see that the same thing happened with Solana at 61.8% FIB level (yellow circle) and got rejected (down 36%).
Solana was stuck under the 61.8% FIB level for around one month and after that the price went up to 4.236 FIB level. The last resistance for Solana was 61.8% FIB.
If we expect the same thing happen to SEI so we are getting ready for targets around 4.236 FIB level and the price will probably hit 4.20-4.50$.
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