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Elliott Wave Analysis - TradingLounge Daily Chart, Sei / U.S. Dollar (SEIUSD)

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 – Daily Chart

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.

Elliott Wave Analysis - TradingLounge H4 Chart, Sei / U.S. Dollar (SEIUSD)

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

SEI/USD Trading Strategy – 4-Hour Chart

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.

Analyst: Kittiampon Somboonsod, CEWA

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