The video analyzes the crypto asset PENGU/USDT on KuCoin. It identifies a three-wave pattern rally from the August low. The analyst suggests the price is in a wave four correction and confirms a three-wave top, expecting an extension of the wave four correction. A support level is identified at $0.025. As long as the price holds above $0.025, there is potential for a fifth wave upward. The analysis tracks a five-wave move up from the June low, which is near completion. Internal targets are located between 0.0255 and 0.028, with this zone needing to hold for a potential upside reversal in wave five. A break below the 0.0313 level could signal a healthy third wave down, setting up a five-wave move up to break above the wave two high at 0.0388 towards possible targets of 0.053 or 0.062.