is currently at 15 which is an all-time-low on the 1M TF. is at 31 which is near the (29-23) of last few years.
When you have a closer look on the (zoom in) you can see a W-formation in the histogram which will lead to a cross soon.
A cross will also form on the WaveTrend oscillator on the monthly TF soon.
momentum on StochRSI will build up and the next cycle will start.
Price could raise to 0.236 Fib resistance which is near $10.
SL can be placed slightly below the all-time low (below $1.79).
With entry @$3.40, TP@$9.69 and SL@ $1.69 R:R is 3.68.
At least a reversion to the mean can be expected (to about $7).
I´m not a financial advisor. For educational purpose only!
I´m waiting for a re-entry between $3.30 - 3.10.-
I´m still not in this trade, but I´ll enter soon at around $3 or slightly below for a better R:R ratio.