Here is the local picture.

This is a trend channel formed in November 2024. The lower trend line has been tested 3 times. The more times a trend line is tested, the more odds that it will be broken.

1) I am inclined to think that the global pattern I showed a couple of days ago is an impulse, not a diagonal.

2) The ABC correction we are in now may take the form of a complex zigzag.

#ElliottWaveTheory #Stablecoins #dominance