The analysis focuses on XLMUSD. The video outlines a potential C wave up, targeting a level of 0.49 to 0.50 based on the prior ABC structure. It identifies the importance of holding Friday's low on the shorter timeframe to sustain this upward movement. The presenter suggests that breaking above 0.64 invalidates a triangle pattern, favoring the upward wave count, with potential targets at 0.54 to 0.58. A 1-2 pattern is mentioned on a smaller scale. The analysis suggests 0.49 to 0.52 are important levels, but might be too short, the 0.54 or 0.58 levels would be ideal.