Saturday, January 11

Tag: Elliott Wave theory

SEI Continues December Rise With Yet Another All-Time High

SEI Continues December Rise With Yet Another All-Time High

Business
The SEI rate has actually increased quickly because November and reached a brand-new all-time high the other day. The rally has actually been particularly fast given that December 19, causing 6 bullish everyday candlesticks in 8 days. SEI Moves Above $0.50 The SEI rate has actually increased given that being up to a low of $0.094 on October 19. The upward motion sped up on November 22, triggering a breakout above the previous all-time high area. Later, the SEI rate produced another greater short on December 18 and reached a brand-new all-time high of $0.537 the other day. The altcoin has actually fallen a little because the high. SEI/USD Daily Chart. Source: TradingView The RSI is a momentum sign traders utilize to examine whether a market is overbought or oversold and whether to build u...
Can Bitcoin (BTC) Reach $50,000 in the Final Week of 2023?

Can Bitcoin (BTC) Reach $50,000 in the Final Week of 2023?

Business
Recently, the Bitcoin (BTC) rate reached a weekly close above a crucial resistance level. Regardless of the bullish close, there are short-term indications of weak point establishing. Will the recently of 2023 be bullish or bearish? Bitcoin Closes Above Resistance The BTC cost has actually been on an upward pattern given that the start of the year. Bitcoin increased by 160%, causing a brand-new annual high of $44,700 on December 8. The high was made above the 0.5 Fib retracement resistance level. It is uncertain if BTC has actually broken out considering that the cost closed listed below the location next week and then once again above the week after. This motion includes unpredictability to whether the pattern is bullish or bearish. BTC/USDT Weekly Chart. Source: TradingView Market trader...