The Trust Layer for Market Analysts

The analyst is examining the PENGUUSDT chart on the 4-hour timeframe. The market is attempting to form a one-two setup, but the altcoin market is currently weak. The analyst mentions that an immediate upside turnaround is needed to keep the setup alive. The analyst specifies the invalidation point for the bullish setup, which is at 0.025, and mentions if this price point is reached there is nothing left that is bullish for the cryptocurrency. The analyst discusses the potential for an ABC structure in the bigger picture, and claims if 0.025 is held the move to the upside that has been unfolding since June, could be an impulse. In this impulse there would be five waves, with the fifth wave now starting and taking the cryptocurrency to 0.074 or even higher. He specifies that to remain alive, this uptrend needs to hold above the last swing low that formed in September.