Is the main direction in progress?

Sei finally broke without extended dropping pamps of wedge, marking the first bigger one week. The key technical reset now sets the phase of potential violence.

Sei (SEI) It was extended trapped trapped in the crash of wedge structure, consistent printing of lower high and lower falls, classic signs of trend. However, recent punching moved the narrative. For the first time, SEI published higher high, indicating a technical reversal and suggesting early phases of new structure in the market.

Key technical points

• Bullish interrupts: SEI broke out of a drop-down wedge and confirmed higher high, suggesting that Bullish Reverse.
• Re-zone: The price is expected to re-review reduction of 0.618 fibonation in the area area low to form more low.
• Potential upside down: If a higher low, the move on the range of high can offer 80% upside down from current levels.

Detailed analysis

The sample of the drop-down wedge that limited SEI has been giving a way in a few weeks. By means of breaking, the price price not only avoided the resistance to downward, has already managed to set a higher, move that confirms the potential switching to market structure from bears in Bullish.

What is next is equally critical. In order for punching confirmed and detained, SEI must now establish a larger low, ideally in the field of fibonation near 0,618 Fibonacci, which is meant to be a field of current range. This area is the main support zone and represents a technically sweet place where the moth could continue if customers enter.

Volume behavior will be a critical element for monitoring. Volume growth would support the continuation of the bakery and suggesting all confidence in the breakthrough. In contrast, the lack of volume may hint at a failed interruption or weak trend power.

If SEI can hold this potential more low, it opens up dramatically. The high range becomes the next logical goal, which offers almost 80% of the transition from the current region. This would set property in much more colleague and could attract the additional attention to market participants.

What to expect in the upcoming price of the store

SEI is on the technical crossroads. Successful behavior and more low on the 0.618 FIB zone would confirm a new bic structure and opened the door for the main leg. However, the failure that this zone cannot be undone and the return cost to the previous spans of the span. Keep the closely eye to develop the scope and structure until the next few candles are developing.