The speaker analyzes the FET/USDT chart, noting that the floor is creaking, but the larger timeframe assumption remains unchanged due to a five-wave move up from April lows. This upswing is labeled as wave A of a larger A wave. The current pullback is considered a B wave, with a support area between 0.432 and 0.585. The speaker suggests as long as the price holds above 0.432, the focus is on higher prices and a C wave rally towards 1.50. The exact target for the C wave will be determined once the B wave or the consolidation correction is complete. There is no local low yet, so sideways action or further downside pressure is possible. The speaker is tracking a potential A-B-C-D-E triangle pattern. A break above 0.89 would provide an initial indication of a low, with a break above 1.00 considered better evidence. The triangle pattern remains technically valid above the 0.585 low from August 2nd, but could turn to a more complex WXY pattern.