๐ Currency $SEI is currently trading within a symmetrical ascending triangle pattern after completing an ABC correction.
โ The closing of yesterday's candle was ideal โ as the price pulled liquidity from the previous daily low and then bounced back up, indicating a strong intention to rise.
๐ Now the price is targeting a potential breakout.
In the event of a breakout and a retest, the upcoming targets are:
๐ฏ Target One: 0.4539
๐ฏ Target Two: 0.5336
โก The pattern looks promising, but always remember that confirmation is the most important.
๐ Stay tuned for updates and don't forget to follow the channel so you don't miss any movements ๐
๐ด Will it respect the weekly balance point (the downward gap) and head towards the monthly gap?
๐ข Or will the price break through it and continue to rise?
All eyes on how Bitcoin interacts with this weekly imbalance โ as this interaction is likely to determine the direction of the next big move. ๐๐
๐ Price pulled back to the weekly Fair Value Gap while forming a falling wedge.
โ After tapping the FVG, price bounced higher and broke the smaller falling wedge inside the larger one.
Now, weโll wait for a daily FVG to form for a potential entry setup. ๐ฏ A confirmed breakout of the bearish trendline could sendย $VIRTUAL ย toward 2.59.
As we expected, after the ABC correction ended, the price started in the new upward wave.
๐น We are now on the verge of breaking the downward trend line, and the closing of the daily candle will be an important factor for confirmation.
๐ If the breakout and retest occur, we may witness a very strong rally coming.
๐ช The SPX community is strong and ambitious, working every day to elevate its investments. Their goal this cycle is to reach a market cap of 100 billion.
โ Can SPX reach this level in this cycle? Can it even surpass the market cap of Dogecoin during this upward wave?
๐ Let's wait and see what will happen!
๐ To follow updates and details on entry and exit opportunities, join our channel and don't miss the upcoming opportunities! ๐๐