Theres also some converging support around these levels. The 50%...

Theres also some converging support around these levels. The 50% Fib retracement is around $1.05.....the bottom of the ascending channel is around $1.10 and the bottom of the channel below it (by the time it gets there) is about 95c..... So this whole are is starting to look pretty good.

I originally said $1.05 area would likely be the bottom and I still think it should hold.