SEAMUSD Daily Chart Analysis
This coin entered a significant downtrend between May and October 2024 but found bottom November 2024.
• Trend Reversal: In early November 2024, the price found its floor and began moving sideways, forming a triple bottom reversal pattern.
• Breakout Confirmation: At the start of December, the price broke out above the previous resistance on a spike in volume, confirming the reversal pattern and signaling the end of the accumulation phase.
• Consolidation Phase: Post-breakout, the price moved sideways, forming a series of small doji candlesticks supported by the 10-day EMA. This indicates low volatility and a temporary pause in the trend.
Technical Indicators:
• MACD: Above its signal line and moving into bullish territory, suggesting building momentum.
• Volume: Spiked during the breakout, validating the bullish move.
• EMA Support: The 10-day EMA continues to act as a strong support level, reinforcing bullish sentiment.
With BTC momentum at all-time highs and technical indicators aligning, SEAMUSD presents a strong bullish setup.
Entering Trade Long:
• Entry: 1.3665
• Stoploss: 1.1331 (-17.08%)
• Target: 2.9878 (+118.65%, 6.95 RR ratio)
SEAMUSD Summary
SEAMUSD shows strong signs of a bullish reversal after a prolonged downtrend. Following a confirmed triple bottom pattern and a breakout with high volume, the price has entered a consolidation phase supported by the 10-day EMA. With the MACD in bullish territory and BTC at all-time highs, this setup offers a high-probability trade opportunity.