$SEI Look at this chart and tell, what do you see?
SEIUSDT first peaked in March and as soon as it moved below support, a drop was confirmed. This drop led to SEIUSDT reaching the lowest prices since November 2023.
In late September we have another peak and this peak is a lower high compared to March, the action already moved below support so the bearish bias is fully confirmed. This move below support can lead to another drop, a major drop and this drop can produce a lower low because it is happening from a lower high. The lower high is September 2024 vs March 2024. The lower low will be October/November 2024 vs August 2024.
And there you have it. A friendly warning. Good timing, the last time to sell before the drop.
Protect your capital, do whatever you need to do to have money on hand to be able to buy when prices are low.
The Cryptocurrency market is about to enter a fire sale, the lowest prices in years and this is good to buy and hold. We will have the last chance to see Crypto trading low before the bull-market of 2025.
It is both good and bad. It is bad because it is going down and some people are going to lose money because they are not reading this. It is good because there will be lower prices, new opportunities and many new people will join and participate in the market. It is also good because the correction phase will end and we will enter a major bull-market phase.
So it is good and good. Good because the correction will be over and good because it is the start of the bull-market, we are now only weeks away.
One final drop and we can focus on growth long-term.
Thank you for reading.
Namaste.
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