Weekly timeframe
Theta is looking very bearish, it currently lost the 1.5$ support and invalidated the bullish elliot 5-waves impulse. 1.5$ now acts as a resistance, the next support is at 1.22$, 0.95$ respectively.
Daily timeframe
We are currently on the 4th wave of the last corrective wave on higher TF.
We don’t have a confirmation that 4th wave ended – we can still see the price going towards 2$ before the final 5h wave impulse.
Next resistance is at 1.7$, next support is at 1.2$.