This article presents an analysis of the current price trends of cryptocurrencies FET, SEI, and ZEC, along with detailed trading strategy recommendations.
Current Situation of FET
The price of FET is gradually forming a rounded top, indicating an overall bearish sentiment in the market. The price recently rebounded after falling to a support zone and is currently at $0.66, roughly at the edge of the rounded top. This level also aligns closely with the Fibonacci 0.707 ($0.675). Investors can seize this opportunity to establish short positions. Take-profit levels can be set at $0.43 (a previous support level), with partial profits at $0.55 and $0.49. The stop-loss should be placed above the previous high of $0.741.
Overview of SEI
SEI has recently shown strength, breaking out of a wedge pattern and surpassing a previous resistance zone, but faced rejection near $0.335, leading to a pullback. Currently at $0.26, just above the Fibonacci 0.5 level, investors can consider entering long positions. Take-profit levels can be set at $0.335, $0.382, $0.42, and $0.48. The stop-loss should be adjusted based on personal risk tolerance, ideally below $0.226, with a minimum of $0.215.
Analysis of ZEC
ZEC has been forming an ascending channel since early February, lasting nearly five months. The price found support at the lower channel boundary during a decline on June 22, around $0.236, before pulling back from a previous resistance zone. Currently at $39.9, investors can opt to buy spot for long-term holding or establish low-leverage long positions. Take-profit levels can be set at $56.8, $65, and $69. The stop-loss should be placed below the previous low of $36.4.
The analysis of FET, SEI, and ZEC prices reveals various opportunities for investors depending on current market conditions. Considering technical levels and risk management strategies can aid in decision-making.
