This symbol has been very choppy since November 2022. The market has finally shown its hand by enclosing the price action in a rising wedge chart pattern. Further, the price pattern suits what can be described by Elliot wave. By the Elliot wave theory, the price has completed the 5-wave formation and an irregular correction which completed at "b". If our wave hypothesis is correct, price should dive down to point "c" (wave 4: price of 1.0515) near term. Also if our rising wedge hypothesis is correct, price should eventually go to 0.9750 (wave 2) in the mid to long term.