The analysis focuses on the BONK/USDT pair. The video identifies a potential diagonal pattern to the upside from a swing low formed in April. The analyst is tracking a potential 5-wave move up. The analysis mentions a potential turning point, with a 1-2 setup suggesting a long trade with good reward to risk. A key level is the swing low from September. If it holds, it can be considered a wave one, with the current structure as wave two. The third wave would unfold as an ABC structure. This wave aims for 0.000049672, then wave 4, then wave 5.The retracement is considered sharp and the deepness of it, which it currently seats at the 88.7% at 0.000019922. Analyst states he isn't impressed by this upside reaction and for the analysis to remains correct price have to remain above mentioned level.