SEIUSD Elliott Wave technical analysis [Video]

SEIUSD Elliott Wave technical overview

• Function: Trend Continuation.

• Mode: Motive Wave.

• Structure: Impulse Pattern.

• Current Position: Wave 2.

• Next higher degree trend: To be determined.

• 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

• Short-Term Traders (Swing Trading).

• • Entry Idea: Monitor for a breakout above $0.220 to confirm the onset of wave ③. Upon confirmation, align trades with the prevailing trend.

Risk parameters

• 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.

• Next higher degree trend: To be determined.

• 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

• Short-term traders (Swing Trading)

• • 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.

Risk parameters

• Wave Structure Invalidation: A drop under $0.130 will negate the current wave count.

SEIUSD Elliott Wave technical overview [Video]