The video provides a technical analysis of FET/USDT, suggesting it is currently in a B wave that may consolidate into a triangle pattern. An initial impulse to the upside from April to May is followed by sideways consolidation in an ABCDE pattern. With recent microstructural shifts, the video says it is watching for a confirmed upside breakout signal from the triangle. A five-wave move is needed to above the last swing high. He mentions a move above 0.77, but ideally above 0.89 to get more confirmation of the trend. The June low is at 0.55, which needs to hold for the pattern to be a viable triangle. Otherwise, it could be a WXY pattern, and fall as low as 0.51. Therefore, there is resistance around the swing highs, which are located mid to late May.