$SEI
$SEI/USDC
We are now bellow the 50EMA forming a bearish head and shoulders pattern that still needs confirmation. In my view, SEI has relative support at the local acending momentum 0.2750-0.2760, if not caught at the 200 EMA. However, it can be expected to stay ranging potentially downwards until the broader main momentum line is reached.
When reversal is achieved I long term targets are the redistances at around 0.39; 0.43 and 0.5.
$SEI/USDC
We are now bellow the 50EMA forming a bearish head and shoulders pattern that still needs confirmation. In my view, SEI has relative support at the local acending momentum 0.2750-0.2760, if not caught at the 200 EMA. However, it can be expected to stay ranging potentially downwards until the broader main momentum line is reached.
When reversal is achieved I long term targets are the redistances at around 0.39; 0.43 and 0.5.
