The analysis focuses on the Pudgy Penguins/Tether (PENGUUSDT) pair using a 4-hour chart. Two scenarios are being tracked: one is an ABC structure (white count), and another, a potential 5-wave move up (yellow count). The analyst is less confident in the yellow count. Support for wave 4 is identified at 0.025. An ABC correction is anticipated with a potential new low before any upward movement. If the 0.025 level holds, the analysis suggests that PENGUUSDT might target one or two Fibonacci levels higher than the previous high, indicating a potential target range of 0.054 to 0.062, or even 0.07 if hype increases. To confirm that the low is in place, it's stated a break above the swing high at 0.0386, or better yet 0.04182 is needed. The analysis also mentions a double bottom formation, indicating that if it goes higher from here it will turn into a more complex corrective pattern. Ideal targets during pullbacks are between 0.025 and 0.028.