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