The analysis focuses on PENGU/USDT, suggesting that after a swing low on September 26th, the market formed a five-wave move up. Pengu showed a five wave move up on Sunday. The support area between 0.03 and 0.0277 has been reached. He watches if the move down is a B wave. If bitcoin breaks out to the upside, it will generate that fifth wave to the upside, the pullback can be shallow. If Bitcoin breaks out directly upwards, this might be it. It is important that the bulls show up before the 0.0277 level. Any break below that would indicate a failure. It does not look like it is failing. A C wave down may mark the completion of wave two and a third wave up from there. If there is a C wave down, that might complete wave 2 and then a third wave up from there.