Technical analysis by phyrix about Symbol SEI on 1/1/2025

SEi 1d Price is currently sitting on the ma200 acting as support, it is also in the flip zone where price had a multiple reactions. 5 wave count marking the start from the lowest low, it is now down by 45% from the last swing high. MA100 + bullish OB on the breakout of wave3 fails to hold as support and in turn become a breaker/resistance when price made a turn upwards. Connected swing lows to form the trendline support. Possible scenarios would be: 1. Inducement taken out around 0.37, fill small gaps & mitigate demand zone of wave 4. 2. Raid wave 4 lows, fill gaps and mitigate demand zone of wave 2. 3. Bounce on the ma200+trendline support