SEIUSD Elliott Wave technical analysis [Video]
|SEIUSD Elliott Wave technical overview
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Function: Trend Continuation.
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Mode: Motive Wave.
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Structure: Impulse Pattern.
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Current Position: Wave 2.
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Next higher degree trend: To be determined.
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Invalidation level: Wave structure breaks below $0.130.
SEI/USD trading strategy
SEI/USD has formed a clean 5-wave structure completing wave ① at approximately $0.32. The price now consolidates in a corrective Zigzag pattern (A–B–C), which appears close to finalizing wave ② around a key Fibonacci support zone.
Suggested approach
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Short-Term Traders (Swing Trading).
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Entry Idea: Monitor for a breakout above $0.220 to confirm the onset of wave ③. Upon confirmation, align trades with the prevailing trend.
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Risk parameters
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Invalidation Point: Price dipping below $0.130 invalidates this wave scenario.
SEIUSD Elliott Wave technical overview
-
Function: Trend Continuation.
-
Mode: Motive Wave.
-
Structure: Impulse Pattern.
-
Current position: Wave 2.
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Next higher degree trend: To be determined.
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Invalidation level: Below $0.130.
Following the completion of wave ① around $0.32, SEI/USD now undergoes a Zigzag correction (A–B–C), forming wave ②. This corrective movement is nearing its end at a Fibonacci support level.
Suggested approach
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Short-term traders (Swing Trading)
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Entry Signal: Await a confirmed breakout above $0.220 to signal the beginning of wave ③. Traders should consider building positions in line with the upward momentum.
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Risk parameters
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Wave Structure Invalidation: A drop under $0.130 will negate the current wave count.
SEIUSD Elliott Wave technical overview [Video]
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