SEI Breaks Out and Retests, Poised for Further Gains

Oct 29, 2023
SEI has broken out and retested its previous resistance level of around $0.1048, and is now poised for further gains. If buyers can push the price above $0.1152, we could see an increase to the targets of $0.1479 to $0.1551. All of the moving averages on the 4-hour time frame are bullish, which supports the bullish outlook.

Entry: $0.1152
Stop loss: $0.1088
Targets: $0.1479, $0.1551

Technical Analysis:

The MACD is bullish, with the signal line crossing above the MACD line.
The RSI is above 50, indicating bullish momentum.
The Bollinger Bands are widening, indicating increased volatility.
All of the moving averages are bullish.

Conclusion:

SEI is a bullish setup with the potential for further gains. If buyers can push the price above the next resistance level of $0.1152, we could see an increase to the targets of $0.1479 to $0.1551. All of the moving averages on the 4-hour time frame are bullish, which supports the bullish outlook.

Disclaimer:

The information and analysis provided in this article is for educational and informational purposes only, and should not be construed as financial advice. The author of this article is not a financial advisor, and does not provide personalized financial advice. Readers should consult with a qualified financial advisor before making any investment decisions.

The author of this article has made every effort to ensure that the information provided is accurate and up-to-date, but cannot guarantee its accuracy or completeness. The author bears no liability for any losses or damages incurred as a result of any investment decisions made based on the information provided in this article.