The TOTAL2 shows a textbook Elliott Wave structure, and we might have started the most exciting journey — the potential beginning of Wave (5).

Elliott Wave Count:
Wave (1): The 2017 altseason explosion.
Wave (2): 2018–2019 crypto winter correction.
Wave (3): Massive 2020–2021 altcoin supercycle.
Wave (4): Prolonged sideways-to-down correction (2022–2025).

Earlier, price has returned to the channel support and appears to be respecting both the lower trendline and the 200-week MA, indicating that Wave (4) may be complete.

Technical Confluence:
Price respecting the long-term ascending channel.
Retested and holding the 200-week moving average.
Support from mid-2022 and mid-2023 ranges is still intact.
Potential higher low formation, typical for Wave (4) setups.

What to Expect if Wave (5) Begins:
Wave (5) could take TOTAL2 towards the upper boundary of the channel, potentially targeting the $6–6.5T region.

Historically, Wave (5) tends to be impulsive but less aggressive than Wave (3), offering strategic mid-to-long-term opportunities.

Conclusion:
Altcoins are showing early signs of strength after a multi-year correction phase. If this Elliott structure holds, we could be entering the final macro bullish wave — one that historically has rewarded patient positioning.
#TradeLessons #CryptoCPIWatch