The video provides a technical analysis of Polygon (POLUSD) using Elliott Wave theory on a 4-day chart. The analyst discusses the potential completion of a corrective pullback, which could signal the start of wave 4 but mentions the unconfirmed state from an Elliott Wave standpoint and decides to follow the local trend. The analyst says that in order to confirm the trend there needs to be a healthy third wave, and then hold to a higher low and a higher high. The analyst identifies a proper sequence of five waves upwards. If confirmed, the price could potentially move higher to $5 to $6. The analyst points out that the asset is forming three waves, but says that is a big if. If we have five waves up, we can add support to the asset. The analysis notes a resistance at 0.2969, marking the well-known 100% extension level for an ABC corrective rally completion. A break below the 0.2278 level on the shorter term 4H chart could signal a breakdown, cautioning traders to be wary. The analyst also considers resistance targets between 0.3484 and 0.4297.