The price in the 10-hour chart is completing wave 3, and below its waves we are in wave IV. In wave IV, a triangle pattern is formed and the price can drop to the range of $ 1. But it should not enter wave i. (Range 0.7442)
I used to think soo that this is a wave 4, of larger wave, But wave 4 does not retrace more then 0.38/ rarely 0.50 . We had 0.618....and so, could go deeper to 0.78 if this is a wave 1 corection.