As we can see in the daily chart , the price is moving between two trends that holding it between 14.84$ high and 8.62$ low . we will assume that we are at a beginning of a new wave starting from the bottom . We are forming now a 2nd wave wich may be a setup trade for a strong 3rd wave but it needs to hold above 8.26$ to confirm. If my predication is correct , this wave can take us to 13.87$ breaking out the MA50 days and 11.29$ . My stop loss is 8.6$ wich is very low risk as it close to the bottom . Wave 3 is the best setup for elliott wave traders . All start with predications and the market will confirm or invalidate .Wish for all you the best .
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RSI positive diavergence
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1 hour chart :
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preparing for a strong move up . keep an eye on this .