SEIUSD Elliott Wave Analysis - TradingLounge Daily Chart, SEI/USD
SEI/USD Daily Chart Analysis
SEIUSD Elliott Wave Technical Overview
Function: Trend Continuation
Mode: Motive
Structure: Impulse Pattern
Current Position: Wave V
Higher Degree Direction: Wave C within a Flat Pattern
Invalidation Level for Wave Count: —
SEI/USD Trading Strategy - Daily Chart Insight
The SEI/USD pair recently gained upward momentum. Based on the Elliott Wave Analysis, the cryptocurrency is now in a corrective phase, following an (A)-(B)-(C) wave structure. Currently, Wave C is active and moving through its fifth sub-wave (Wave 5), which appears to be reaching its final stage. This segment is pushing downward.
Wave 5 Target: Projected near the base of Wave 1, approximately at the 0.1094 price level.
SEI/USD Trading Strategies
Primary Strategy
Swing Traders (Short-Term Outlook)
Watch Zone: 0.109 – 0.12
Monitor price activity within this key area. If a bullish divergence or reversal candlestick pattern appears, it could mark the conclusion of Wave C and the initiation of a potential bullish trend.
Risk Management
Critical Resistance Level: 0.2300
Should the price climb above this level, it would invalidate the existing Elliott Wave structure and require a reassessment of the market count.
SEIUSD Elliott Wave Analysis - TradingLounge H4 Chart, SEI/USD
SEIUSD Elliott Wave Technical Overview
Function: Trend Continuation
Mode: Motive
Structure: Impulse Pattern
Current Position: Wave V
Higher Degree Direction: Wave C within a Flat Pattern
Invalidation Level for Wave Count: —
SEI/USD Trading Strategy - 4-Hour Chart Insight
Following a strong upward rally, SEIUSD is currently engaged in a three-wave correction labeled (A)-(B)-(C). Wave C is active and appears to be within its final leg — Wave 5 — which is continuing its descent.
- Wave 5 Target: Projected near 0.1094, aligning with the termination of Wave 1.
Trading Strategies
Primary Strategy
Swing Traders (Short-Term View)
✅ Watch Zone: 0.109 – 0.12
Be alert for reversal signs or bullish divergence within this range. Such patterns could indicate the conclusion of Wave C and suggest a reversal may occur.
Risk Management
Invalidation Resistance Level: 0.2300
A break above this threshold would nullify the current wave outlook and require a reevaluation of the Elliott Wave count.
Technical Analyst: Kittiampon Somboonsod, CEWA
Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here
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